Category: ARTICLE

The impact of increased interest rates from the FED on Thailand

          Since the US has faced an inflation rate hit 8.6% which is the highest in 40 years, the FED has consideration to increases the interest rate, and the latest update on the interest rate is rose to 0.75% after they had seen the inflation report of May.           Accordingly, How will this impact Thailand? The signal to increase the interest rate is the same as the FOMC meeting recently. The governor of the Bank of Thailand, Dr. Sethaput Suthiwatanaraput said about monetary policy “The interest rate in Thailand is the lowest in the region, but inflation in Thailand is the top rank in the region, so the monetary policy that they use considerately.” This quote was analyzed that the interest rate in Thailand will increase exactly, at present the interest rate is 0.5% but the inflation rate hit 7.1% which is the highest 13 years ago. On 8 June 2022, during the meeting The Monetary Policy Committee has a 4:3 solution to keep the interest rate at 0.5%, the votes were

Brunei – Economic Outlook 2022

         According to the detailed research of our analytic team, the anticipated recovery of the Brunei economy in 2021 has been derailed by the materialization of key downside risks—pandemic resurgence, unanticipated domestic oil and gas production disruptions, and delays in the commencement of FDI projects.           Domestic economic activity has been severely impacted by the re-imposition of containment measures. The Brunei economy shrank by 2.2 percent year on year in the third quarter of 2021, the fourth consecutive quarterly decline. Upstream and downstream oil and gas production have been weaker than expected, while some service activities have been hampered by mobility restrictions. Retail sales declined sharply in Q3 2021, reflecting limited consumer spending due to stay-at-home orders and voluntary social distancing to avoid contracting the virus. The contractions across almost all retail activities highlight the severity of the second COVID-19 wave, contrasting the resilience during the first wave in 2020.           The recovery in the hotel sub-sector has been halted by the second COVID-19 wave. Hotel occupancy rates had

The causes of Laos Inflation in 2022

          Nowadays, many situations are being fluctuated in each microeconomics around the world. Not only the increased cost of living but also the other causes that Laos has faced in this severe situation which lead to an economic crisis. It was begun with Laos’ public debt, fuel shortage, and depreciation of the Kip currency has down 36% against the dollar over the last year, 2021, together with inflation. Our analyst team mentioned the Laos inflation statistic compared in the same period in April to March from 5 years (2017), to last year (2021), and this year (2022)           Firstly, The inflation rate, In 2017, 5 years ago, The Bank of the Lao P.D.R reported an inflation rate of 1.52% in April, and the inflation rate decreased to 1.07% in May with the 6.83% of 2017 GDP, According to the report from CEIC Data. In the same period month last year in April 2021, the inflation rate was 3.23% and in May 2021 the inflation rate was 3.55%, this is the highest point

Financial Hub of Singapore

          Singapore has in many ways been at the top of the world whether it is in entertainment, governance, and tourism. But one of the most remarkable things about Singapore is that it is commonly known as a financial hub not only within the region but across the world as well. World’s top financial center           What makes this so remarkable is the fact that Singapore has become the top three financial hubs in the world in a matter of fifty years. This means that Singapore is just behind London and New York in terms of this ranking. It must be noted that in recent years, Singapore has overtaken the likes of Hong Kong as the top financial hub of Asia. Why is Singapore a financial hub?           What makes Singapore a financial hub and vibrant market is it is considered one of the most competitive markets globally. This is where Singapore is considered one of the most attractive markets to go among investors and financiers around the

Officially launched crypto mining operation in LAOS

    On August 28, 2021, the bank of Laos was cautious about the usage of unregulated cryptocurrencies, as in Bitcoin, Ethereum, and Litecoin, which are not physical currency. The notice was issued that citizens of Laos are prohibited by law from purchasing or selling cryptocurrencies, and the Laos people must regard the risks of cryptocurrencies before investing in or purchasing them. However, some Lao businesses continue to choose cryptocurrencies as payment for products and services.     After that, on September 8, 2021, the government of Laos authorized 6 companies to be able to trade and mine cryptocurrencies viz Bitcoin, Ethereum, and Litecoin. The companies had been authorized to can mining and trading in Laos such as Wap Data Technology Laos Phongsubthavy Road & Bridge Construction Co. Sisaket Construction Company Limited Boupha Road-Bridge Design Survey Co., Ltd. The Joint Development Bank Phousy Group     The Office of the Prime Minister has issued notification No. 1158/SAN on September 9, 2021, as regards the 6 companies signing the agreement with a company that provides maximum anti-tariff conditions to be used

Vietnam’s Year in Review and Outlook for 2022

Vietnam suffered a challenging 2021, as it was hit hard by the pandemic, resulting in stringent lockdowns and affecting economic growth. Sustained pressure from COVID-19 outbreaks and supply chain disruption are likely to continue to have an impact into 2022. Nevertheless, with Vietnam slowly reopening, foreign investors maintain an optimistic outlook, with GDP projected at 6.5 percent in 2022. Vietnam Briefing examines some significant events that occurred this year and how they are likely to shape Vietnam’s business environment in 2022.     Vietnam’s 2021 was by far one of the most challenging years to date. While Vietnam was lauded globally for controlling the pandemic in 2020, the Delta variant proved overwhelming, resulting in strict lockdowns, interrupted production, and disrupted supply chains.     While most western countries suffered an excruciating 2020, Vietnam’s 2021 was harsh, with the pandemic hitting Vietnam’s GDP hard. In Q3 2021, Vietnam recorded its first-ever negative GDP, since 2000 significantly affecting businesses and its people significantly. Nevertheless, Vietnam still expects a positive GDP and as the government switches to a ‘living with the pandemic’ strategy,

Laos Economic Growth

    Activity should be picked up in 2022, with the China-Laos railway—once initial hitches are ironed out—boosting exports of tourism and goods. Meanwhile, recovering global demand should further be driving activity.      However, a possible becoming even worse than the public health situation, the escalated external debt seems trouble, domestic rising inflation, and currency depreciation are crucial unfavorable risks. FocusEconomics (Economic Reporter) consensually Forecast panelists project GDP to expand 4.6% in 2022, shrinking 0.2 percentage points from last month’s forecast, and 4.9% in 2023. Source: https://www.focus-economics.com/countries/laos Image Source: https://www.globaltimes.cn/page/202112/1240434.shtml Published 25/05/2022 By Ashley Jones

10 Mega Trends 2022

          After passing through a pandemic, technology and sustainability tend to be replaced. People got used to working and studying while working from home, which is why technology has played an important role in the 2000s. People are living different lives than before. Many scientists and doctors mentioned that in 2022, the pandemic was forecasted to be an endemic disease. Here are the 10 mega trends for 2022. 1. Green innovation and nature-based solutions: Technology investment in green innovation and clean energy be able to adapt in the supply chain, such as increasing alternative energy portions in order to reduce emissions of greenhouse gasses, changing operation strategies in both manufacturing and service sectors, including whatever caused negative impacts in the supply chain, and increasing environmental awareness. 2. Hybrid Working: Owing to the over 2 year isolation of people, 91% of employees require “hybrid working”, which before was only 9%. Hybrid working procedures are being converted into the new normal in society. The Cisco Global Workforce Survey found that businesses have been facing the challenges of a

The necessity of oil and gas from Russia to the world

          Since Russia has invaded Ukraine, which affects financial institutions in Russia that were banned from the western world, Putin announced that the countries that banned Russia have to pay for gas in Russian currency, and Gazprom, which Russia owns, has already cut off supplies to Poland and Bulgaria until they pay in Russian currency.           Bulgaria said that they will increase the amount of gas from Azerbaijan, for Poland has connected a new pipeline with Norway’s gas field which it will complete within October 2022, and also they will increase its gas supply from Lithuania. The EU could receive gas from Qatar, Algeria, or Nigeria but there are practical difficulties to expand their production. The researcher’s analysis said that “It’s harder to substitute gas because we have these big pipes that are taking Russian gas to Europe.” However, it doesn’t mean it is impossible to avoid using gas from Russia, other countries such as the US which export gas the same as Russia, and the EU has proposed a plan to

US stocks tumble on Powell remarks, airlines rally, USD firms

          Asia markets are set to open lower following a negative close in the US markets overnight. Wall Street gave up early gains and closed at session lows after US Federal Reserve Chair Jerome Powell signaled a 0.5% rate hike on the table in early May. US bond yields jumped on Powell’s comments as bond traders priced in further aggressive tightening moves by the Fed.           SPI futures slid 0.86%, pointing to a lower open in the ASX. The benchmark index is hovering around an 8-month high, with mining stocks under pressure, while big banks are holding strongly amid rising rates. BHP Group (BHP) shares dipped 3% after the company stated that iron ore and nickel volumes dropped amid multiple issues caused by the pandemic. Notably, Qantas Airways soared to a 5-month high, supported by global optimism toward reopening borders and the US airlines’ positive outlook for open travel.           The NZX 50 fell 0.3% at the open and may be subject to headwinds in today’s session after