Thai confidence index slumps as more factories shut down
Business sentiment falls to a new low as small, and medium businesses shutter due to a slowdown in the economy.
Economic Affairs
ASEAN stock exchanges cooperate to connect trading and develop standardised ESG curriculum
The establishment of an ASEAN ESG Award to honour exemplary ESG practices by listed organisations is also being considered.
China’s slowdown
China’s recently-reported economic data paints a concerning picture for the world’s second-largest economy.
Thai Lower House approves 122 billion baht for digital wallet scheme
Of the 461 attending lawmakers, 297 voted for the bill in the first reading and 164 voted against. There were no abstentions.
Philippines still among Asean’s fastest growing economies
The Asian Development Bank affirms the country's GDP growth outlook of 6% this year, and 6.2% next year.
IMF raises India’s growth projection for FY25 to 7%
The UN body expects gross domestic product growth in FY26 to slow down to 6.5%, same as projected in its April World Economic Outlook.
Vietnam e-commerce market grows fastest in Southeast Asia
Vietnam surpassed the Philippines to become the third largest e-commerce market in the region.
Thailand to push ‘soft powers’ in China and Hong Kong
Foods, fruits, fashion, films and fairs will be promoted through a range of activities and promotions in both Mainland China and Hong Kong, the Department of International Trade…
IMF deal to improve funding prospects for Pakistan: Moody’s
The agency, however, did admit that social tensions, on the back of high cost of living, could weigh in on reform implementation, especially due to higher taxes and future…
PM Srettha issues new strategies to reduce debt
Household debt is a major issue for the Thai economy, currently standing at 13.6 trillion baht, or 90% of GDP, affecting consumer purchasing power and the overall economy.…