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thailand

Political Turmoil to Stunt Thai Economic Growth


Thai publication Business Day cites a report from the Thailand Development Research Institute stating that growth will be limited to 2.5-4% this year due to "political confusion."

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china

PRC attacks poor banking practices, irregularities


Over 480 chinese bankers have been accused of serious banking crimes involving 520 million rmb yuan during the first half of 2006.

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indonesia

Indonesia shows accelerated economic growth for first time in 18 months


Indonesia posts 5.2% growth after 4.7% during the last three months. The growth mirrors increases in global commodity prices and increased domestic spending due to three interest rate cuts this year.

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thailand

Thai exports reach record high for month of july.


Exports reached a record high of $11.15 billion in July, a 16.4% growth compared to the same period last year. Increases have come due to improved agricultural exports to the US, EU, and Japan. Despite the impressive performance, Caretaker Deputy Prime Minister Somkid Jatusripitak says the Thai government is hoping for 17.5% growth this year.

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