40% of Thai respondents with monthly income less than 15,000 baht have higher expenses than income. Rising household debt, particularly among Gen Y, due to easy credit, online shopping, and social pressure.Government efforts and financial education programs offer hope for a more financially stable future. Income Disparity Among Thai Consumers A recent consumer survey by […]
Thailand plans to boost state spending by $3.4 billion for a digital wallet program, providing cash handouts to 50 million citizens to stimulate the economy despite concerns about inflation and fiscal risks. Thailand’s Stimulus Budget Thailand is set to implement a supplementary budget of $3.4 billion to boost state spending and revitalize the economy. The […]
Thailand is becoming a popular destination for Hollywood and international filmmakers, offering tax waivers and cash rebates. The film “Mother of the Bride” highlights Phuket as a prime filming location. Thailand’s Rising Role in International Filmmaking Thailand has emerged as a top destination for Hollywood and international filmmakers due to its stunning locations and attractive […]
Government Savings Bank (GSB) resolved 720,000 NPLs in the first quarter, plans to resolve 100,000 more by year-end with government funding, and scheduled debt relief events for SMEs. Government Savings Bank Resolves Over 720,000 NPLs in First Quarter In the first quarter of 2022, the state-run Government Savings Bank (GSB) achieved a significant milestone by […]
More than 60 event sponsors confirmed for ASIA FRUIT LOGISTICA’s China Business Meet Up in Shanghai on 27-28 May. Top industry speakers, networking events, and complimentary registration available. Exciting Line-Up of Sponsors With over 60 event sponsors confirmed, the upcoming China Business Meet Up by ASIA FRUIT LOGISTICA is set to be a major industry […]
Investors are optimistic about Indonesia’s stock market due to strong economic growth and political stability, with opportunities in demographics, technology, natural resources, and regulatory reforms. Risks include macroeconomic, regulatory, and currency factors. Optimism in Indonesia’s Stock Market Investors are optimistic about Indonesia’s stock market due to strong economic growth and political stability. Opportunities lie in […]
The Bank of Thailand and commercial banks are collaborating to assist vulnerable customers, with Prime Minister requesting lower lending rates. Thailand’s economy is projected to grow 2.8% in 2024. Efforts to Support Vulnerable Customers The Bank of Thailand (BoT) is collaborating with commercial banks to adjust their business models in order to provide assistance to […]
SCB EIC predicts CLMV economy expansion in 2024 due to export and tourism recovery, improving economic conditions and labor market recovery, but faces challenges like high non-performing loans and geopolitical risks. Key Takeaways SCB EIC forecasts that the CLMV economy will continue to expand in 2024, driven by the recovery of exports and tourism, which […]