Economy and commerce
Trade
Export optimism varies according to sector
Despite signs of a recovery in the export sector, Thai manufacturers and exporters have been encouraged to focus more on product development, brand recognition, and adding value to enhance competitiveness in global markets. For the rest of this year, exporters expect exchange-rate fluctuations will still ...
Is the Belt and Road Initiative globalizing China’s national security policy?
Chinese security policy experts use potential threats to BRI projects to highlight the necessity of a globalized security posture. The suicide bomb attack on the Chinese embassy in Kyrgyzstan in August 2016 highlighted China’s rising external vulnerability in a region at the heart of its signature ...
Domestic energy boost reduces reliance on imports
Cambodia’s domestic electricity production grew significantly in 2015, helping to reduce the Kingdom’s reliance on imported energy, the national electricity regulator said in its newly released annual report. According to the Electricity Authority of Cambodia, the Kingdom’s energy generation increased by 46.79 percent in 2015 compared ...
Revenue shortfall drives budget deficit abnormally high
Revenue collection for this fiscal year reached only 95 percent of the annual plan, driving the budget deficit to 6.9 percent of gross domestic product, higher than the maximum of five percent usually adopted by the government. Economists have warned that such high deficits will increase ...
Royalties to include rentals under new Thailand-Singapore double tax rules
The New Double Tax Agreement between Thailand and Singapore becomes effective on January 1, 2017. If a Thai resident company has an outstanding rental payable to a Singaporean resident company, they should consider settling the debt before the end of 2016 in order to utilise ...
After Thai King Bhumibol's death, succession may be delayed
On October 13, news broke that Thailand’s 88-year-old king, Bhumibol Adulyadej, died after suffering complications from hemiodialysis treatment at Bangkok’s Siriraj hospital. King Bhumibol, the world’s longest reigning monarch, was revered as a demi-god and, for most Thai citizens, was the only monarch they had ...
Mongla: ‘the wildlife trafficking capital of the world’
Mongla lies on the border of the Xishuangbanna Dai Autonomous Prefecture in southwestern China and Shan State in northeastern Myanmar. Situated in the heart of the Golden Triangle, the city is known among other sad epithets as the wildlife trafficking capital of the world and for drugs, gambling, ...
Chinese deals help, but Cambodia needs to do more: experts
Despite strengthened economic ties following the signing of 31 agreements on October 13 between Cambodia and China, the Kingdom’s agricultural sector still needs to improve before it can fully benefit from the opportunities offered by the largest economy in the region, experts have said on October ...
China’s Xi Jinping visits King, Hun Sen
Throngs of cheering school children greeted Chinese President Xi Jinping upon his arrival in the capital on October 13, with balaclava-clad soldiers enforcing order and whole sections of the city shut down as he paid visits to the King and the prime minister. On his first ...
Thailand forever altered as King Bhumibol Adulyadej dies
After seven decades, the longest-serving monarch in the world has died. Southeast Asia Globe looks back at King Bhumibol Adulyadej’s reign. Thailand’s King Bhumibol Adulyadej, the longest-reigning monarch in the world and the ninth ruler in the unbroken Chakri dynasty, is dead. A reign that ...
