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GENERAL

Cabinet approves plan to raise 2024 budget

Reuters, Published on 21/05/2024

» Thailand needs more stimulus measures to help the economy meet its potential after growth was lower than expected in the first quarter, Finance Minister Pichai Chunhavajira said on Tuesday.

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GENERAL

Red Lobster probes "endless shrimp" losses after bankruptcy filing

Reuters, Published on 21/05/2024

» NEW YORK - Red Lobster, which filed for Chapter 11 bankruptcy in Florida on Sunday night, is investigating the role its majority owner Thai Union played in the restaurant chain's "endless shrimp" promotion that caused US$11 million in losses, court documents showed.

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GENERAL

Govt plans to increase budget by B122bn to fund handout scheme

Reuters, Published on 20/05/2024

» The government is seeking to increase the 2024 fiscal budget by 122 billion baht to fund its signature handout scheme, its Budget Bureau chief said on Monday, only a month after a delayed 3.48 trillion baht budget was passed.

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GENERAL

Consumer confidence falls for second month

Reuters, Published on 15/05/2024

» Thai consumer confidence fell for a second straight month in April, dented by a slow economic recovery and higher living costs, a survey showed on Wednesday.

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GENERAL

Indonesia offers 5 oil, gas blocks in first auction of 2024

Reuters, Published on 14/05/2024

» TANGERANG - Indonesia has launched its first oil and gas auction this year with an offering of five oil and gas blocks, energy ministry senior official Dadan Kusdiana said on Tuesday.

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GENERAL

China's exports and imports return to growth

Reuters, Published on 09/05/2024

» BEIJING: China's exports and imports returned to growth in April after contracting in the previous month, customs data showed on Thursday, signalling an encouraging improvement in demand at home and overseas in a boost to a shaky economic recovery.

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GENERAL

Indonesia sees more capital inflows after rate hike

Reuters, Published on 08/05/2024

» JAKARTA: Indonesian central bank governor Perry Warjiyo said on Wednesday more capital inflows had been seen since Bank Indonesia hiked interest rates last month in an effort to stabilise the rupiah, and he expected the trend would continue.

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GENERAL

Exports expected to rise 1%-2% - shippers

Reuters, Published on 07/05/2024

» Thailand's exports are expected to rise 1% to 2% this year, unchanged from a previous forecast, the Thai National Shippers' Council said on Tuesday.

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GENERAL

Turkey suspends trade with Israel until permanent ceasefire

Reuters, Published on 03/05/2024

» ANKARA - Turkey's trade halt with Israel will continue until a permanent ceasefire in Gaza is secured as well as unhindered humanitarian aid flow to the region, Turkish Trade Minister Omer Bolat said on Friday.

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GENERAL

Headline inflation up 0.19%

Reuters, Published on 03/05/2024

» Thailand's headline consumer price index (CPI) rose 0.19% in April from a year earlier, versus a 0.47% year-on-year drop the previous month, the Commerce Ministry said on Friday.