Singapore’s GDP growth slowed in Q4 2024 to 4.0%, exceeding predictions. The 2025 forecast was adjusted down to 2.2% due to increased downside risks from external tariffs impacting the economy’s openness to trade. Singapore’s 2024 GDP Growth Exceeds Expectations Singapore’s GDP growth slowed in Q4, achieving 4.0% in 2024, exceeding predictions. The 2025 growth forecast […]
A 6.8 magnitude earthquake hit Tibet, causing 95 deaths and injuring 130 people. Rescue efforts are ongoing, with authorities assessing damage and providing aid to affected residents across the region. Devastating Earthquake in Tingri County, Tibet A 6.8 magnitude earthquake struck Tingri County in Tibet, resulting in the deaths of 95 people and injuring 130 […]
Asian stock exchanges are evolving with technological advancements and regional cooperation, making them more accessible. In 2024, Taiwan’s stock market performed best, while South Korea’s market suffered. Growing factors include economic growth, technological innovation, and regulatory reforms, despite challenges like geopolitical tensions and regulatory disparities. Evolution of Stock Exchanges in Asia Stock exchanges across Asia […]
The government extends tax cuts for nightclubs and entertainment venues until January 1, 2025. The policy aims to boost the economy, increase revenue, and enhance Thailand’s appeal as a tourist destination. Government Extends Tax Cuts for Nightclubs and Entertainment Venues The government has announced the extension of tax cuts for nightclubs and entertainment venues in […]
The Amazing Thailand Countdown 2025 offers vibrant New Year celebrations along Bangkok’s Chao Phraya River, featuring cultural performances, live music, fireworks, and sustainable tourism initiatives. The Amazing Thailand Countdown 2025 The Amazing Thailand Countdown 2025 offers vibrant New Year celebrations along Bangkok’s Chao Phraya River, featuring cultural performances, live music, and fireworks, while promoting sustainable […]
Thailand’s Finance Minister plans tax reforms for 2025 to simplify the system, boost revenue, and support infrastructure. Key elements include lower corporate taxes, a potential VAT rise, and investment in digital technology. Political and public backlash have raised concerns about fairness and fiscal stability, prompting economists to advocate for a balanced approach and business leaders […]
The ITIF released the “Trump Risk Index” rating US-allied countries’ risks under Trump’s presidency. Thailand, Mexico, Slovenia, Austria, and Canada face high risk due to trade surplus with the US and low defense spending. Key Points The Innovation and Technology Information Foundation (ITIF) released the “Trump Risk Index” evaluating risks faced by US-allied countries under […]
Thailand’s auto market saw a 26.2% decline in sales from January-October 2024, with 476,350 units sold. BYD was the only major automaker to see growth, selling 23,532 units. Thailand’s Auto Market Struggles in January-October 2024 Thailand’s automotive market faced substantial difficulties during the first ten months of 2024, recording a total of 476,350 units sold. […]