Thailand’s residential market is still facing several challenges that will prevent it from making a full recovery in the short term. Research indicates that such unfavorable factors as the pandemic and the war in Ukraine have prompted home buyers to de…
Read MoreCategory: Production
Biden Launches Indo-Pacific Economic Framework
TOKYO — U.S. President Joe Biden announced on Monday the launch of the Indo-Pacific Economic Framework (IPEF), which includes a dozen Indo-Pacific countries and is designed to provide a counterweight against Chinese economic clout in the region.“The fu…
Read MoreLong lines for gasoline in Laos as shortage worsens
A gasoline shortage in Laos has motorists queuing in long lines for hours, only to drive away with a small amount of fuel, or none at all, sources in the country told RFA.The price of gas has risen worldwide since the Russian invasion of Ukraine has ra…
Read MoreThailand to begin talks on Indo-Pacific Economic Framework
The Cabinet has decided to join talks on the US’s newly proposed multilateral trade agreement, known as the Indo-Pacific Economic Framework for Prosperity (IPEF).According to the Thai government’s website, the decision will allow Thailand to join other…
Read MoreThai industrial sector confidence in April lowest in five months
The confidence index of Thailand’s industrial sector for April has dropped to 86.2, the lowest since last December, due to concerns over rising production costs, according to President of the Federation of Thai Industries (FTI) Kriengkrai Thiennukul.Kr…
Read MoreJapan to Welcome Limited Tour Groups
Japan says it will begin welcoming tour groups as a means of returning to full-fledged tourism.The government’s tourism agency announced Tuesday that small groups from Australia, Singapore, Thailand and the United States will be allowed to enter Japan …
Read MoreExcise tax on diesel cut by five baht/litre for two months amid high prices
The Thai cabinet decided to slash excise tax on diesel by 5 baht/litre for two months today (Tuesday), effective from May 21, to help ease the financial burden on consumers.The government previously cut excise tax on diesel by 3 baht/litre, a measure w…
Read MoreThailand’s 2022 GDP growth projection cut to 3%, 2.2% recorded for Q1
The National Economic and Social Development Council (NESDC) has decided to cut Thailand’s gross domestic product (GDP) growth projection for 2022 to between 2.5% and 3.5%, or an average of 3%, from earlier projection of between 3.5% and 4.5%, due to u…
Read More