Thailand


Thais face biggest Covid wave, while Myanmar crisis intensifies

Thais face biggest Covid wave, while Myanmar crisis intensifies

(ATF) Mainland Southeast Asia faces the threat of greater economic grief in coming months – and possibly much longer – driven by the deepening crisis in Myanmar and a resurgence of the coronavirus pandemic in Thailand. A third wave of Covid has spread to at least 40 of Thailand's 77 …

Continue reading

Thailand prepares for tourists who've had the Covid vaccine

Thailand prepares for tourists who've had Covid vaccine

(ATF) Thailand is banking on a vaccine-driven economic recovery for its hotel and tourism industry, which has been devastated by the coronavirus.Tourism is big business in Thailand and normally accounts for 11-12% of GDP. The Covid-19 pandemic cost about a third of the 4.5 million Thais who work in their …

Continue reading

The digital yuan and its disruptive potential

The digital yuan and its disruptive potential

(ATF) After more than 70 years of dominance, the US dollar-centric global monetary system is under challenge. While the USD is not expected to lose its global currency status any time soon, many countries – mainly but not limited to the developing ones – have started to question the dollar …

Continue reading

Chinese garment factories burnt down in Yangon

Chinese garment factories burnt down in Yangon

(ATF) Chinese businesses have been targeted in Myanmar as massive public opposition to the coup continues to take a severe impact on business and foreign investment. Early reports by Myanmar state media said that three Chinese-owned factories were burnt down in Yangon townships – allegedly by protesters – amid fierce …

Continue reading

China tests cross-border digital currency links

PBoC tests cross-border digital currency links

(ATF) People's Bank of China (PBOC) has joined a digital currency cross-border payment project with several other central banks, which is seen as an important step by China’s central bank to boost the digital yuan’s reach. In a statement posted on the PBoC’s website on Wednesday, the bank said its …

Continue reading

Reflation trade reflects economic optimism

Reflation trade reflects economic optimism

(ATF) Hong Kong: Asian markets were in the throes of the reflation trade rally, but inflation worries kept investors on the edge as copper prices rose to 9-1/2 year highs and oil extended gains.This in turn was reflected in elevated bond yields with the 10-year US Treasuries hovering around 1.36%, …

Continue reading

Tourism slump beaches Thailand’s post-pandemic optimism 

Tourism slump beaches Thailand’s post-pandemic optimism 

Thailand’s drastic fall in tourist arrivals because of the worldwide pandemic has helped see its economic growth estimate for this year cut to 2.5% to 3.5%.The South-east Asian powerhouse suffered its worst slump in more than two decades in 2020 due to the Covid-19 outbreak.The government had previously forecast growth …

Continue reading

Asian markets soar as epidemic rages on in the West 

Asian markets soar as epidemic rages on in the West 

(ATF) With the pandemic resurgent in Western countries, investment funds have poured into countries that have better contained Covid-19, Sina Finance has reported.The Korea Composite Stock Index Kospi is one of the world's best-performing stock indexes in 2021. The benchmark index of the Chinese stock market is close to a …

Continue reading

Thai economy set to lose $10 billion as Covid returns 

Thai economy set to lose $10 billion as Covid returns 

Thailand's economy could lose as much as 300 billion baht ($10 billion) in the first quarter after its largest coronavirus outbreak saw consumer mood sink to a five-month low in December.The country’s consumer confidence index dropped for the first time in three months to 50.1 in December – when the …

Continue reading

Mitsubishi’s 'electrification push’ to focus on hybrids in South-east Asia 

Mitsubishi’s 'electrification push’ to focus on hybrids in South-east Asia 

Japan's Mitsubishi Motors Corp sees hybrid models in Southeast Asia as a key part of its electrification strategy to stay competitive in the region, Chief Executive Takao Kato has announced. While some South-east Asian governments are trying to promote full battery electric vehicles (EVs) as a way to cut CO2 …

Continue reading