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May, 25, 2016

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Business > Asia > Thailand
Thai economy contracts in first quarter
Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter -- the first contraction in more than a year -- as manufacturing output fell, official data showed Monday.
 
Thailand premier visits Mongolia in attempt to bolster trade relations
Thailand will forge closer ties with Mongolia for trade, investment and service businesses during the visit to that country by Thailand's Prime Minister Yingluck Shinawatra this weekend.
 
Thailand ministry to release 6-7 mil. tons of rice this year
Thailand's Commerce Ministry aims to release another 6 million to 7 million tons of rice this year to reduce its stockpiles under its continuing price-pledging policy.
 
Thailand holds rates amid upbeat outlook
Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday, with policymakers citing the ongoing strength of the kingdom's economy.
 
Asustek, Taipei form partnership on cloud services
Taiwan's Asustek Computer Inc. and the Taipei City Government unveiled a project Tuesday that will make cloud services accessible to citizens and businesses in Taipei.
 
Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday in the wake of data showing record economic growth in the fourth quarter of 2012.
 
Thailand's economy enjoyed record growth in the fourth quarter of 2012 as industry recovered from the impact of the kingdom's worst floods in decades, official data showed Monday.
 
Less than half of Thai CEOs are bullish on the economic outlook for the first quarter of this year, due chiefly to the contraction of the U.S. economy in the last quarter of 2012, the baht appreciation and the nationwide wage hike, according to a survey.
 
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