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Thai Economy Expected to Improve in Second Half

Published

9 years ago

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The Thai economy will grow at a faster pace in the second half of the year, according to the Thai Chamber of Commerce. Farmers are expected to earn more income and the effects of the government stimulus will take hold in the latter half of 2016.

The Thai Chamber of Commerce said on Tuesday that growth is projected to expand by 3.3%, with a 2.6% increase in exported goods and 0.9% inflation.

Isara Vongkusolkit, chairman of the Chamber of Commerce and head of the Board of Trade of Thailand, projects a growth rate of 3.2% to 3.5% for 2016. He expects exports to expand by 0.8% and inflation at 0.4%.

Mr. Isara also projects that commodity prices, which includes farm products, will rise with oil prices. Oil prices are expected to balance out in the second half of the year due to lower supply and higher demand.

Rubber, rice and oil palm prices are expected to rise and boost the purchasing power of local farmers. This factor will drive the economy higher in the second half of the year. Government stimulus, tourism, low policy interest rates and a recovery in exports will also help drive the economy forward.

Thailand still faces a number of challenges this year, including strict lending, the prolonged drought, China’s decision to reduce imports, and the potential ban on Thailand’s fishing products.

Chan Namchaisiri, Federation of Thai Industries chairman, says the Thai Industries Sentiment Index climbed…

The investor seeking to spend money on Real Estate in China should positively consider the financial and political background and legal frame supplied by varied articles. Almost all the giant fund companies have a fund that’s designed for publicity to the growth of Real Estate in China and other Asian countries.

Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.

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Business

China Reports Agreement on Ceasefire between Myanmar’s Factions

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2 days ago

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January 21, 2025

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Myanmar’s conflicting parties have reached a ceasefire agreement, facilitated by China, aiming to reduce violence and promote peace in the region.

Myanmar Ceasefire Agreement

In a significant development, conflicting parties in Myanmar have reached an agreement for a ceasefire, with China facilitating discussions. This breakthrough is crucial for restoring peace in a nation that has been marred by violence and political strife in recent years. The ceasefire aims to pave the way for reconciliation efforts and improve the humanitarian situation in affected areas.

Role of China

China’s involvement as a mediator highlights its growing influence in resolving regional conflicts. The Chinese government has been working closely with both sides to promote dialogue and trust, crucial elements for a long-term peace solution. Increased stability in Myanmar can benefit regional security and economic development, making China’s mediation significant.

Looking Forward

The hope is that this ceasefire will lead to further negotiations addressing underlying issues in Myanmar. While challenges remain, both parties have expressed willingness to work towards a peaceful resolution. The international community will be watching closely to see if this ceasefire can be sustained and lead to enduring peace for the people of Myanmar.

Source : Myanmar’s two sides agree to ceasefire: China

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China Limits Apple Operations as BYD Manufacturing Moves to India and Southeast Asia Amid Trade Frictions | International Business News – The Times of India

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4 days ago

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January 19, 2025

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China is restricting the export of high-tech manufacturing equipment and personnel to India and Southeast Asia, aiming to maintain domestic production amid potential US tariffs, impacting companies like Foxconn and BYD.

China Curbs on High-Tech Manufacturing

China is intensifying restrictions on the movement of employees and specialized equipment essential for high-tech manufacturing in India and Southeast Asia. This measure aims to prevent companies from relocating production due to potential tariffs under the incoming US administration. Beijing has urged local governments to restrict technology transfers and export of manufacturing tools as part of this strategy.

Impact on Foxconn and Apple’s Strategy

Foxconn, Apple’s primary assembly partner, is facing challenges in sending staff and receiving equipment in India, which could impact production. Despite these hurdles, current manufacturing operations remain unaffected. The Chinese government insists it treats all nations equally while reinforcing its domestic production to mitigate job losses and retain foreign investments.

Broader Implications for India

Additionally, these restrictions affect electric vehicle and solar panel manufacturers in India, notably BYD and Waaree Energies. Although the measures are not explicitly targeting India, they complicate the business landscape. As foreign companies seek alternatives to China, these developments are likely to reshape manufacturing strategies amidst ongoing geopolitical tensions.

Source : China Restricts Apple, BYD Manufacturing Shifts to India & Southeast Asia Amid Trade Tensions | International Business News – The Times of India

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EFIS Maroc and China Eastern Airlines Set to Launch Service Between Morocco and China

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6 days ago

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January 17, 2025

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China Eastern Airlines is to partner with General Sales & Service Agent (GSSA), the ECS Group, on the launch of three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS).

China Eastern Airlines and EFIS Maroc will launch three weekly flights between Casablanca and Shanghai via Marseille starting January 19, 2025, enhancing cargo logistics for Morocco-China trade, particularly in the automotive sector.

New Flight Route Launch

China Eastern Airlines has partnered with EFIS Maroc to introduce three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS). This service is set to commence on January 19, 2025, operating on Tuesdays, Fridays, and Sundays, using Boeing 787-900 aircraft with a capacity of 18 tonnes for cargo.

Supporting the Automotive Industry

The service aims to enhance logistical support for the automotive sector, facilitating the secure and timely transport of high-value components between Morocco and China. This new route will not only strengthen local supply chains but also promote economic growth and trade relations between Africa and Asia.

Innovative Cargo Solutions

Jean Ceccaldi, CEO of ECS Group, emphasized that this collaboration marks a significant achievement for EFIS Maroc. Leveraging advanced digital tools like Squair for customs optimization and CargoAi for booking, EFIS Maroc will enhance operational efficiency, ensuring a superior cargo management solution tailored for China Eastern Airlines.

Source : EFIS Maroc and China Eastern Airlines to launch Morocco-China service

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