Business
Thai banks enjoy higher net profits in third quarter of this year
All domestic commercial banks in Thailand excepting Siam City Bank enjoyed combined net profits in the third quarter of this year of Bt22.9 billion, up Bt1.14 billion or 5.25 pe…
All domestic commercial banks in Thailand excepting Siam City Bank enjoyed combined net profits in the third quarter of this year of Bt22.9 billion, up Bt1.14 billion or 5.25 pe…
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Thai banks enjoy higher net profits in Q3
Thai banks enjoy higher net profits in Q3
External stability in Thailand was upheld by high international reserves, while trade and current account were close to balance. Regarding internal stability, inflation rose from last year in line with higher oil prices, despite a downward trend during the second half of the year. Unemployment rate remained low in Thailand in 2008 but employment started to deteriorate in the forth quarter, particularly in the production sector affected by economic slowdown.
Business
Thailand’s automotive sector expected to produce 1.4m cars this year
This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.
Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.
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Can Fintech drive a strong post-COVID-19 recovery in Asia?
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Business
Asia’s supply chains to be tested by COVID-19 vaccine delivery
The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries in cooling boxes as well as 15,000 flights.
The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.
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Thailand’s automotive sector expected to produce 1.4m cars this year
This increase in output is a result of the recovery of domestic and export markets, with the annual output for...
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