Showing 1 - 10 of 24
Q1 household debt at 80% of GDP, highest in 4 years
Reuters, Published on 07/07/2020
» Thailand's household debt level to gross domestic product (GDP) rose slightly to 80.1% in the first quarter, the highest level in four years, central bank data showed, with the trend set to continue as the coronavirus outbreak squeezes the economy.
TNSC sees 10% export drop
Business, Phusadee Arunmas, Published on 07/07/2020
» Thai shippers have downgraded the country’s export outlook to a 10% contraction, deeper than the previous forecast of an 8% drop, with the finger pointed at the coronavirus crisis and the strong baht.
Malaysia cuts key rate to historic low of 1.75%
Reuters, Published on 07/07/2020
» KUALA LUMPUR: Malaysia's central bank on Tuesday cut its key interest rate for a fourth straight meeting to a historic low, as Southeast Asia's third-largest economy grapples with the coronavirus pandemic and faltering demand for its exports.
Shippers cut 2020 export outlook from -8% to -10%
Reuters, Published on 07/07/2020
» Thailand's exports are expected to shrink 10% this year, deeper than the previous forecast of an 8% drop, due to the coronavirus pandemic and the strength of the baht currency, a shipping association said on Tuesday.
Singapore’s staycations can’t fill $20bn tourism gap
Bloomberg News, Published on 07/07/2020
» In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island.
Thailand’s economic outlook ‘worst in Asia’: analysts
Bloomberg News, Published on 07/07/2020
» Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.
Why Thailand’s dire economic outlook is worst in Asia
Published on 07/07/2020
» Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.
PDMO readies 2nd batch of 1-baht savings bonds
Business, Wichit Chantanusornsiri, Published on 07/07/2020
» The Public Debt Management Office (PDMO) is set to allocate the second batch of the one-baht face value savings bonds after the first lot sold out.
Investment-grade firms avoid BSF
Business, Wichit Chantanusornsiri, Published on 07/07/2020
» None of the companies with investment-grade credit ratings sought financial assistance from the central bank's Corporate Bond Stabilisation Fund (BSF), reflecting they are still able to access funding sources, says the head of the Public Debt Management Office.
Fortune eyes popular destinations
Business, Dusida Worrachaddejchai, Published on 07/07/2020
» Fortune Hotel Group, the hospitality arm of CP Land Plc, is planning to shift its long-term plan to popular tourism destinations such as Phuket and Pattaya after expanding mostly in provincial areas for years.