Boris Sullivan

1081 posts
Credits : ADB

Thailand to post GDP growth of 3.2% in 2022 and 4.5% in 2023 (Fitch)

Thailand’s economic recovery is strengthening, although rising inflationary pressures and slower global growth pose risks to the near-term rebound, according to Fitch Ratings’ analysts at its 2022 Thailand Sovereign and Bank Outlook Webinar.
Thailand Issues New Incentive Package for Electric Vehicle Industry

BOI approves 209.5 billion baht (US 6.2 billion) of projects, raises incentives for EV battery makers

So far, a total of 16 projects, with a combined investment value of 4.82 billion baht, by 10 different companies, have been granted promotion benefits for investments in the manufacture of EV batteries

Bank of Thailand keeps policy rate unchanged at 0.5%

The Bank of Thailand kept its key policy rate unchanged at 0.5%, amid growing pressure coming from rising prices and monetary policy tightening by its peers.

iPads’ production heads to Vietnam

The move, planned last year but delayed by Vietnam’s own COVID surge, highlights the importance of Vietnam for Apple in its ongoing quest for supply chain stability

Thailand quarantines 12 crew members and passengers on Monkeypox alert

The 12 crew members and passengers on the same flight, who were in close contact with the infected traveller, have now been quarantined in Thailand for seven days.

Thai cabinet approves new minimum daily wages rate table

The Cabinet approved a standard wage rate for workers in three occupational groups that possess a certificate from the Department of Skill Development (DSD).
Coronavirus disease 2019 (COVID-19) WHO Thailand Situation Report - 22 February 2021

Southeast Asia Covid-19 : shifting from pandemic to endemic

Multiple governments, including the Philippines, Malaysia, Thailand, and Vietnam, have announced timelines to ease pandemic restrictions, normalize life with Covid-19, and revive their economies.

More than a quarter of APAC companies vulnerable if Russia-Ukraine crisis escalates

Over a quarter of rated Asia-Pacific (APAC) companies will be at risk under a downside scenario of a global recession and a more severe liquidity squeeze if the Russia-Ukraine military conflict escalates, according to Moody’s Investors Service in a new report.