Economy and commerce
Trade
Strengthening Vietnam's domestic production
The rules of origin in FTAs has set high demands that forced Vietnam to consider more active elements of the diversity of markets through restructuring and raising product quality. According to figures from the General Statistics Office, in May 9, 2015, China remains the largest export ...
TPP membership would help Thai exports, banker says
Thailand should consider joining the Trans-Pacific Partnership because it will create collaboration among ASEAN countries, a banker says. On 5 October, 12 countries reached an agreement on trade liberalisation. Four of them are in the ASEAN region. Deja Tulananda, vice executive chairman of Bangkok Bank, said on 7 October that the ...
FTI chairman expects GDP growth near 3% on stimulus
The chairman of the Federation of Thai Industries (FTI) is confident that gross domestic product (GDP) will grow by nearly 3 per cent this year from the government’s expected injection of around Bt200 billion into the economy this quarter and the rebound of the tourism sector after ...
TPP offers Vietnam opportunities
Trade ministers from the 12 Trans-Pacific Partnership (TPP) member countries reached final consensus on the world’s largest free trade agreement at Atlanta, the US, on 5 October. After ending negotiations on the TPP deal, all TPP countries will review legal procedures to prepare for the official ...
12 Pacific nations agree to historic TPP trade accord
Twelve Pacific rim countries sealed the deal late 5 October (Thailand time) to create the world’s largest free trade area, with implications for Thailand and for world trade in the 21st century. Working around the clock for days past their deadline, haggard trade ministers announced they reached ...
World Bank slashes Myanmar growth forecast
Just four months ago the World Bank predicted in its Global Economic Prospects report that Myanmar would grow at 8.2pc this year and 8.0pc in fiscal 2017, to become the world’s fourth-fastest-growing economy. However, this outlook took a hit as floods swept the country in July ...
Thailand 'the laggard in ASEAN GDP growth'
Thailand will trail all ASEAN countries in growth because its open economy and export dependence leave it directly exposed to the global and Chinese slowdowns, according to the World Bank. Thai gross domestic product this year is expected to grow by 2.5 per cent, while the East Asia-Pacific ...
World Bank cuts Thailand growth to 2.5%
The World Bank has slashed Thailand’s economic growth this year to 2.5% from 3.5%, the lowest in the East Asia and Pacific region, in its latest regional report released on 5 October. Thailand’s growth next year was also cut to 2% from 4% in the previous forecast ...
Floods dampen Myanmar's growth: WB
Myanmar’s economy will expand at only 6.5 per cent in the 2015-16 fiscal year due to floods and slowing investments, according to a World Bank report. Keep reading ...
World Bank trims Asia forecast but says no China hard landing
The World Bank on 5 October cut its growth forecasts for developing economies in East Asia and the Pacific but allayed fears of a hard landing for China’s slowing economy. The bank also said it expects any increase in US interest rates to have an orderly impact ...
