Household spending growth will slow in 2023 due to macroeconomic challenges. Despite a recovery in retail sales and consumer confidence, high inflation and rising cost of living are causing consumers to cut back on non-essential spending. If inflation remains high, it will continue to impact consumer spending in 2024. Key View: Household spending growth will slow […]
Central Retail introduces CRC Immersive Retail Platform, the world’s first immersive retail platform that integrates offline, online, social media, live streaming, and the virtual world seamlessly, offering customers an unrivaled shopping experience. The platform includes features such as virtual store exploration, interactive AI avatars, and AR mode. The C-Verse application is the starting project for […]
Cambodia’s real GDP is expected to grow by 5.8% in 2023, driven by a recovery in tourism. Easing inflation, supportive fiscal policies, and slower export growth are also factors. Risks include slower growth in China. Key View We forecast real GDP growth of 5.8% in Cambodia in 2023, up from 5.2% in 2022, driven primarily […]
The Thai Monetary Policy Committee has raised the policy rate from 2.25% to 2.50% due to the country’s recovering economy, but at a slower pace. Growth is expected to pick up in 2024, and inflation is projected to increase. The committee will monitor government economic policies’ impact on growth and inflation. The overall financial system […]
India’s transport infrastructure construction industry is predicted to grow by 6.4% annually over the next decade due to government and private investment in roads, rail, ports, and air transport infrastructure. Key View The government has set ambitious targets for the expansion of the transport infrastructure. We forecast that India’s transport infrastructure construction industry will grow […]
Bangchak and Krungthai Bank are partnering to offer THB 3 billion worth of “Bangchak Digital Debentures” on the Paotang app with a fixed interest rate of 3.45%. Thais can invest with a minimum of THB 10,000. Bangchak Corporation Public Company Limited is partnering with Krungthai Bank to offer a second round of “Bangchak Digital Debentures” […]
India’s real GDP growth is expected to peak at 7.8% in Q2 2023 before slowing down due to factors such as weak monsoon, tight credit conditions, and sluggish global demand. This is in line with a forecast of 6.3% growth for the whole fiscal year. The Reserve Bank of India predicts a slightly higher growth […]
Watsons has won the “Best Company to work for in Asia 2023” award for the second year in a row, along with special awards in other categories. business6 Oct. 2023 16:28 Watsons reinforces its position as Thailand’s number one health and beauty retailer, winning the “Best Company to work for in Asia 2023” award or […]
