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Monthly Archives: June 2023

Shares rise on hopes for stimulus in China

RECAP: Asian stocks inched higher yesterday as weak manufacturing data from China stoked expectations of fresh stimulus, even as strong US data bolstered the view that the Federal Reserve will keep interest rates higher for longer. Source: Business

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Workforce hopes and fears

Some 39% of workers in Asia-Pacific believe their organisation will not survive more than 10 years if it continues on its current course, the “2023 Hopes and Fears Global Workforce Survey” conducted by PwC reveals. Source: Business

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Q1 household debt hits B16tn

Household debt in the first quarter this year soared to 16 trillion baht, accounting for 90.6% of GDP, attributed to increases in debt as well as the redefinition of national household debt, says Sakkapop Panyanukul, the Bank of Thailand’s senior director of the economic and policy department. Source: Business

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Tourism spurs manufacturing uptick

Thailand’s manufacturing production index (MPI) fell by 3.14% year-on-year to 94.8 points in May because of an export slowdown, although the reading improved from April thanks to the tourism recovery, says the Office of Industrial Economics (OIE). Source: Business

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Eppo prepping hydrogen pilot project

Energy officials plan to push ahead with hydrogen fuel development in an effort to make it one of the main fuels used in the power, transport and industrial sectors, with the aim of becoming less dependent on fossil fuels, says the Energy Policy and Planning Office (Eppo). Source: Business

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