2023 May
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Thailand Microeconomic Weekly Update #23
- May 30, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
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Thailand’s unemployment rate improved to 1.05% due to the country’s economic recovery and the expansion of the tourist sector. The policy interest rate in Thailand is likely to be raised by 0.25% to 2% and maintain at 2.00% throughout 2023 if the Thai economy continues its sustained recovery in the latter half of the year, as anticipated.
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Philippines Microeconomic Weekly Update #32
- May 29, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
The Sugar Regulatory Administration (SRA) is considering importing 150,000 MT of sugar in August or September, which it assures won’t negatively impact domestic production. Meanwhile, local production is anticipated to reduce, hitting 1.8 mln MT, with the expected El Niño further decreasing production by 10-15%.
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Thailand Microeconomic Weekly Update #21
- May 22, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
The Thai stock market on 15 may was down due to the problem about whether a new government could be formed or not. An international provider for liquid logistics, The Ama Marine Public Company Limited, recorded a profit of 80 million baht for the first half of 2013. This is an improvement over the previous year loss of THB 0.48 million, which was caused by a spike in shipping revenue after high freight prices increased cargo transport revenues.
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Philippines Microeconomic Weekly Update #31
- May 22, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
BSP Governor Medalla also expressed concerns about the Philippine economy’s capacity to revert to its pre-pandemic growth trajectory. While the economy is still expected to grow despite significant interest rate hikes to combat persistent inflation, recent economic disruptions have impeded its progress. In the future, the actions of the US Federal Reserve will play a critical role, with the BSP cautious about rate cuts that could depreciate the peso significantly.
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Thailand Microeconomic Weekly Update #22
- May 16, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
The Thai stock market on 15 may was down due to the problem about whether a new government could be formed or not. An international provider for liquid logistics, The Ama Marine Public Company Limited, recorded a profit of 80 million baht for the first half of 2013. This is an improvement over the previous year loss of THB 0.48 million, which was caused by a spike in shipping revenue after high freight prices increased cargo transport revenues.
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Philippines Microeconomic Weekly Update #30
- May 15, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
Economist predict a slowdown in the Philippine gross domestic product (GDP) growth for the first quarter of the year, estimating it to be around 6.1%. This projection is based on the median estimate of 23 economists in a Businessworld poll. Factors such as increased inflation and higher interest rates could potentially impact consumer spending, leading to lower growth compared to the revised 7.1% in the fourth quarter of 2022 and the 8% in the first quarter of 2022.
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Philippines Microeconomic Weekly Update #29
- May 8, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
Department of Health (DOH) officer-in-charge Maria Rosario Vergeire said that mandatory wearing of face masks should not be reinstated, and people should adapt to the virus without fluctuating policies. She emphasized that individuals should know how to protect themselves and their families by wearing face masks especially if they are more vulnerable to catching the virus. Vergeire cited the nationwide vaccination that helped prevent increased hospitalizations and critical cases despite the recent spread of the virus. As of April 30, there are 5,875 active COVID-19 cases based on DOH’s tracker.
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Thailand Microeconomic Weekly Update #21
- May 5, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
On May 3,2023, Vibhavadi Hospital Public Company Limited cooperated with Bangkok Mass Transit System Public Company Limited (BTSC) opening a Jab and Go Clinic. The clinic provides easy access to essential vaccine and medical services in Phaya Thai BTS for urban people. The medical clinic will be open for people aged 9 years and over and every step is under the supervision of a team of doctors and nurses of Vibhavadi Hospital. The clinic will be open every day from 10.00 – 20.00 with a special price and can be paid in installments with the bank that the hospital has contracted to provide vaccines, the clinic can also accommodate other medical services such as medical certificates for 5 diseases, 6 diseases, cosmetic products.
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Thailand Microeconomic Weekly Update #20
- May 2, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
The Federation of Thai Industries (FTI) released the survey results of the Industrial Confidence Index in March 2023 at 97.8, up from 96.2 in February 2023 due to increased demand for industrial products and improvement in the construction sector.