Bright prospects predicted for Thai economy
16:19 | 25/09/2018 Global Economy
The University of Thai Chamber of Commerce (UTCC) has raised its forecast of Thailand’s economic growth this year to 4.6 percent from an earlier estimate of 4.5 percent after improved export, tourism and crop prices.
South-East Asia’s GDP growth to cool amid rising trade tensions
14:42 | 21/09/2018 Global Economy
Economic growth across the South-East Asia region is expected to cool in H2 2018 into 2019 according to ICAEW’s latest Economic Insight: South-East Asia report. Growth in the region is expected to ease to 5.1% this year from 5.2% in 2017, with growth moderating further in 2019 to 4.8% as moderating Chinese import demand and escalating US-China trade tensions dampen exports and business investment.
Korea, MERCOSUR convene first round of negotiations for trade agreement
15:52 | 17/09/2018 Global Economy
Korean government officials led by the Trade Ministry’s Director General for Free Trade Agreement Negotiations Kim Ki-joon met with their counterparts from the South American trade bloc, MERCOSUR, led by Director General for Integration and MERCOSUR Affairs of the Uruguayan Foreign Ministry Valeria Csukasi to convene the first round of negotiations for a trade agreement between the two parties in Montevideo, Uruguay, on September 11.