Business

WASHINGTON, Jan. 10, 2023 — Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises...

With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. For example, China’s Pearl River Delta, long known as...

The value of Thai merchandise exports in November was US$22,308 million, contracting -6%YOY (compared to the same period last year), continuing from -4.4% in October, marking the second consecutive month of contraction. After 20 months of continuous growth compared to the previous month on a seasonally adjusted basis. November’s...

BANGKOK (NNT) – The official body in charge of the kingdom’s air traffic has remained optimistic about the Thai aviation industry’s prospects, claiming that the recovery in international and domestic travel is accelerating. 65% flights increase next yearAccording to Aeronautical Radio of Thailand Co Ltd (AeroThai), the number of flights...

The Stock Exchange of Thailand (SET) stated that Thai listed companies have continued to mark outstanding sustainability developments globally. This year, 26 Thai listed companies have been included in the Dow Jones Sustainability Indices (DJSI), namely ADVANC, AOT, BANPU, BDMS, BJC, BTS, CPALL, CPF, CPN, CRC, DELTA, EGCO, GPSC, HMPRO,...

The Asian Development Bank (ADB) has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook. The region’s economy will grow 4.2% this year and 4.6% next year, ADB said in a regular supplement to the Asian Development Outlook (ADO) 2022, released today. ADB estimated...

BANGKOK (NNT) - The Student Loan Fund reported fewer borrowers repaying their debts in the past three months as they await the amended version of the law regarding reduced interest rates and default fines. According to fund manager Chainarong Katchapanan, borrowers have paid directly to the fund 2.07 billion baht...

BANGKOK (NNT) - Thailand’s export growth in October fell for the first time since February of last year, as tightening monetary policy to curb high global inflation in major trading partners affected purchasing power and economic activity. According to data from the Ministry of Commerce on Monday (28 Nov), the...