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BUSINESS

Philippines aims to lower US tariff to zero during talks

Bloomberg, Published on 28/04/2025

» The Philippines will seek to bring down its US tariff rate to zero from the 17% earlier announced by President Donald Trump during talks with officials in Washington, the Southeast Asian nation’s trade chief said.

BUSINESS

Bank of Thailand expected to cut policy rate to 1.75%

Somruedi Banchongduang, Published on 28/04/2025

» The Bank of Thailand (BoT) is expected to slash its policy rate by 0.25 percentage points on Wednesday, amid slower economic growth primarily impacted by the US's tariff policies.

BUSINESS

Thailand eyes more pet food, rice exports amid China-US standoff

Bloomberg, Published on 28/04/2025

» Thailand is aiming to increase exports of pet food, rice and other processed food products to the US at the cost of Chinese shippers who are shut out of the prized market by a tariff wall.

BUSINESS

'Super March' tourism campaign paints 'promising' picture for Hong Kong economy

South China Morning Post, Published on 28/04/2025

» The success of mega-events under Hong Kong's "Super March" tourism campaign paints a "promising" picture of the city's economic future, a leading business insights provider has said, adding that Art Basel had brought in the wealthiest visitors under the drive at an average monthly income of about HK$44,000 (191,000 baht).

BUSINESS

Chinese firms turn to Indian exporters to help fill US orders

Bloomberg, Published on 28/04/2025

» Some China-based firms hit hard by US tariffs are reaching out to Indian exporters to fill orders on their behalf and help them retain their American customers as they navigate a trade war causing seismic shocks in global commerce.

BUSINESS

Thai bonds see rush of inflows on rate-cut bets, gold prices

Bloomberg, Published on 28/04/2025

» Thailand’s bond market is on course for its best monthly inflows in more than three years, helped by interest-rate-cut bets and a stronger baht due to surging gold prices.

BUSINESS

Data centre co-location market to hit $652m by 2029

Business, Suchit Leesa-nguansuk, Published on 28/04/2025

» Thailand's data centre co-location market has a projected value of US$652 million by 2029, driven by demand for greater processing power to handle artificial intelligence (AI) workloads, says ST Telemedia Global Data Centres (STT GDC).

BUSINESS

SMEs lag behind in using AI, robotics

Business, Lamonphet Apisitniran, Published on 28/04/2025

» With modern technologies such as robotic systems and artificial intelligence (AI) increasingly becoming an essential part of business, entrepreneurs are being encouraged to seriously consider a shift to newer, technology-driven operations to increase their competitiveness.

BUSINESS

New economic zones being considered

Business, Lamonphet Apisitniran, Published on 28/04/2025

» Prime Minister Paetongtarn Shinawatra is expected to consider a plan to set up new economic zones in the North and Northeast to lift regional economies far from the Eastern Economic Corridor (EEC), which has been heavily promoted.

BUSINESS

Pundits warn of earnings downturn amid trade war

Business, Nuntawun Polkuamdee, Published on 28/04/2025

» The first-quarter net profits of listed Thai companies are projected to decline 13% year-on-year, but grow 16% quarter-on-quarter, according to analysts who warn an earnings downgrade is on the horizon given the trade war.