Thailand

World Bank sees currency risk in Southeast Asia

Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said.Companies and banks in these countries have sizeable external debt, although foreign exchange reserves currently appear adequate, the Washington-based multilateral lender said in a report on Wednesday.

4 October 2017
0

Go-Jek to expand beyond Indonesia

Go-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies.Co-founder and Chief Executive Officer Nadiem Makarim didn’t specify the countries or services that Go-Jek will target, but said in an interview they will be places with a large population and where cash rules, hinting that Go-Jek’s digital payment service will be a key part of its push into new ma

2 October 2017
0

Thai Ambassador: Kra Canal is a no go

“The return on investment is not attractive enough to go ahead with the plan. International canals like Panama and Suez have been effective because they are essential to trade, cutting off weeks and months of travel," Damrong Kraikruan, Ambassador of Thailand to Malaysia, said in a special media briefing held in Kuala Lumpur.“The most Kra Canal would save shippers is only a few days. Another factor to consider is would west-going ships use it or will they go down to Singapore?

29 September 2017
0

Technology under the sea in Southeast Asia

Do you know how the internet works? Have you ever wondered how you could be sitting at home in Singapore or any other Southeast Asian country and be able to watch the latest "Game of Thrones" trailer on YouTube which was released in the US?

29 September 2017
0

Thai junta chief says ex-PM Yingluck in Dubai

Thailand's junta leader on Thursday said fugitive ex-premier Yingluck Shinawatra is in Dubai, a day after she was handed a five-year jail term in absentia for negligence.Prayut Chan-O-Cha's first clear comments on Yingluck's whereabouts came a month after she ghosted out off Thailand, ducking a court ruling over charges she failed to stop graft and losses in a costly rice subsidy policy by her government.On Wednesday Thailand's top court sentenced her in absentia to five y

28 September 2017
0

Thailand to kick start $45 bn economic revamp

Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht (45 billion dollars) investment plan before the country’s possible return to democracy late next year.Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and construction of some of the planned infrastructure could begin next year, Kanit Sangsubhan, the secretary-general of the office overseeing the plan, s

28 September 2017
0

Former Thai PM faces 5 years in prison

Former prime minister Yingluck Shinawatra has been found guilty of corruption and negligence in her government’s rice-pledging scheme – which incurred losses amounting to 10 billion dollars. Thailand’s Supreme Court’s Criminal Division for Holders of Political Offices read its verdict today against Yingluck despite the absence of the former Thai prime minister.

27 September 2017
0

Deforestation – a modern-day plague in Southeast Asia

Southeast Asia is known for its vast rainforests which constitute about almost 20 percent of forest cover with the richest biodiversity in the world. What the region is also known for is its alarming rate of deforestation. The region has the highest rate of deforestation of any major tropical region followed by Latin America and Africa.

23 September 2017
0

Making Southeast Asia your second home

Sandy white beach, clear blue skies, exotic architecture, colourful language and culture, warm and hospitable people, as well as spices that would introduce you to a wide range of flavours you never would have experienced anywhere else on this planet – what is not to love about Southeast Asia?

22 September 2017
0

Four killed by bomb in rebel-hit Southern Thailand

Four Thai army rangers were killed Friday when a roadside bomb tore through their truck as they were securing a road for teachers, an army official said, the latest carnage in an insurgency roiling the kingdom's far south.The Muslim-majority region that borders Malaysia has seethed with violence for over a decade as ethnic Malay insurgents battle the Buddhist-majority state for more autonomy.More than 6,800 people have died – the majority civilians – in a conflict marked by weekly bombin

22 September 2017
0

Rail connections: A major boon for ASEAN's economy

Rail connection projects that are currently taking place in ASEAN (Association of Southeast Asian Nations) countries are expected to be a major boon and catalyst for the region’s economic growth in the coming years. Infrastructure development is vital for developing economies as it promotes and sustains economic growth.

22 September 2017
0

Philippines is the region's lone rate hike candidate

With Indonesia and Vietnam cutting interest rates in the past two months and Thailand fending off pressure to do the same, the Philippines is emerging as the region’s lone candidate for a rate increase this year.While all economists surveyed by Bloomberg predict Bangko Sentral ng Pilipinas (the Central Bank of the Philippines) will hold its benchmark rate at a record-low of three percent on Thursday, a separate poll showed almost half forecast an increase by the fourth quarter.

21 September 2017
0