Trending News: Brokers support digital phase 2, pointing out that it will result in the BOT cutting interest rates.Customs seizes imported goods without TIS – illegal goodsCommerce Ministry “extends time for legal transactions” in flooded areas in the NorthMany PTT STATIONs offer free refueling to help flood victims in Chiang Rai.Many PTT STATIONs offer free refueling to help flood victims in Chiang Rai.PTT Group rushes to deliver relief bags to flood victimsPTT Group rushes to deliver relief bags to flood victimsThai Airways now provides services at Mae Fah Luang Airport.Thai Airways now provides services at Mae Fah Luang Airport.GSB rushes to help Chiang Rai residents, 100% loan for home repairsGSB rushes to help Chiang Rai residents, 100% loan for home repairsKrungthai opens subscription for “Vayupak Mutual Fund One” through Krungthai NEXT and branches on 16-20 September.“Ekanat” orders urgent relief for flooding in the North – SME debt suspension“Ekanat” orders urgent relief for flooding in the North – SME debt suspensionKrungsri Research expects floods in 2024 to be high risk, but not as severe as in 2011.Krungsri Research expects floods in 2024 to be high risk, but not as severe as in 2011.Order to open a joint transportation center to help passengers at Mae Fah Luang AirportOrder to open a joint transportation center to help passengers at Mae Fah Luang Airport8th Asia Pacific Geoparks Network Symposium opens in Cao BangPEA cuts off power supply in flooded areas in Chiang RaiPEA cuts off power supply in flooded areas in Chiang RaiThai stocks closed up 6.17 points.Consumer confidence index lowest in 13 monthsConsumer confidence index lowest in 13 monthsNBTC asks for cooperation from mobile operators to take care of signals in flooded areasRushing to help passengers at Chiang Rai Airport after floodingChiang Rai Airport is flooded, urgently transporting stranded passengersSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSCB says digital wallet will boost GDP in 2025 by 0.5-0.7%, estimates flood damage in Chiang Rai at 400 million bahtNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportThai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.SET moves forward to develop carbon credit trading centerPCE opens trading day at 14.04% above reservationMae Fah Luang Airport is still open to help the public.MRTA explains facts about excavator accidentMRTA explains facts about excavator accidentCentral Pattana invests 15,000 million baht to build new mixed-use projects in the South and transform mixed-use projects in key areasCentral Pattana invests 15,000 million baht to build new mixed-use projects in the South and transform mixed-use projects in key areas“Chulaphan” promotes “1 Community, 1 Excise Department Champion”“Chulaphan” promotes “1 Community, 1 Excise Department Champion”Thai stocks closed this morning down 16.88 points.Thai stocks closed down 12.62 points.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.PEA 64th Anniversary ‘Smart Electricity for Sustainable Quality of Life’Moving forward with a plan to renovate 29 smart passenger ports on the Chao Phraya River“Ekanat” entered the Ministry of Industry on the first day, wrote a motto to remind people to “Do it now, do it every second, don’t give up until you succeed.”“Pichai” enters the Ministry of Commerce on the first day, leading the Deputy Minister to pay homage to sacred objectsGSB kicks off 50,000 rai of forest planting in Loei ProvinceSET welcomes PCE to start trading on 12 September.WHA believes the new government will continue to drive forward economic policies.WHA believes the new government will continue to drive forward economic policies.“Suriya” orders the Department of Highways and the Department of Marine and Coastal Resources to closely monitor the flooding in Mae Sai District 24 hours a day.“Suriya” orders the Department of Highways and the Department of Marine and Coastal Resources to closely monitor the flooding in Mae Sai District 24 hours a day.OR-GC join hands to expand ‘Say Goodbye to Chao Phraya River Trash’OIC intensively trains ‘casualty assessors’ to adhere to standardsNSTDA helps manage excess food, supports establishment of Thai food banks‘Thai Oil’ is delighted to receive the Best Places to Work award.“Chulaphan” proposes to the Cabinet on September 17 to transfer 10,000 baht in welfare funds.PMC opens first day of trading on mai above reservation by 24.18%PMC opens first day of trading on mai above reservation by 24.18%PMC opens first day of trading on mai above reservation by 24.18%Join forces to establish a ‘SME Friends Help Center’ to create a hub to support SMEs in the lower northern region in a complete cycle.Thai stocks closed this morning down 6.62 points.MAI Stock Exchange welcomes PMC to start trading on September 11th.“Phakorn” passes the baton to “Assadet”, sees signs of fundflow continuing to flow in until the end of the year“Suriya” confirms to move forward with all projects – 20 baht electric train – land bridge“Suriya” confirms to move forward with all projects – 20 baht electric train – land bridgeKUN moves to trade in SET on 11 Sept. 2024.Expected to distribute 10,000 baht to vulnerable groups, pushing GDP this year to grow by 2.7-2.8%Expected to distribute 10,000 baht to vulnerable groups, pushing GDP this year to grow by 2.7-2.8%SPRC Group gas stations expand investment, hoping government will listen to information on profit control“Pirapan” posts new oil price control law allowing traders to adjust prices once a month, up or down as they please.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.“Suriya” and 2 Deputy Ministers take the opportunity to enter the Ministry of Transport on September 10th.26 million digital lottery tickets on saleThai stocks closed this morning up 1.35 points.Thai stocks closed this morning up 1.35 points.Krungsri Consumer launches 2 measures to help customersLEOWD24 opens first day of trading on LiVEx up 13.33%SEC revises Vayuphak Mutual Fund criteria to support general investor offerings
Sun. Sep 15th, 2024
Trending News: Brokers support digital phase 2, pointing out that it will result in the BOT cutting interest rates.Customs seizes imported goods without TIS – illegal goodsCommerce Ministry “extends time for legal transactions” in flooded areas in the NorthMany PTT STATIONs offer free refueling to help flood victims in Chiang Rai.Many PTT STATIONs offer free refueling to help flood victims in Chiang Rai.PTT Group rushes to deliver relief bags to flood victimsPTT Group rushes to deliver relief bags to flood victimsThai Airways now provides services at Mae Fah Luang Airport.Thai Airways now provides services at Mae Fah Luang Airport.GSB rushes to help Chiang Rai residents, 100% loan for home repairsGSB rushes to help Chiang Rai residents, 100% loan for home repairsKrungthai opens subscription for “Vayupak Mutual Fund One” through Krungthai NEXT and branches on 16-20 September.“Ekanat” orders urgent relief for flooding in the North – SME debt suspension“Ekanat” orders urgent relief for flooding in the North – SME debt suspensionKrungsri Research expects floods in 2024 to be high risk, but not as severe as in 2011.Krungsri Research expects floods in 2024 to be high risk, but not as severe as in 2011.Order to open a joint transportation center to help passengers at Mae Fah Luang AirportOrder to open a joint transportation center to help passengers at Mae Fah Luang Airport8th Asia Pacific Geoparks Network Symposium opens in Cao BangPEA cuts off power supply in flooded areas in Chiang RaiPEA cuts off power supply in flooded areas in Chiang RaiThai stocks closed up 6.17 points.Consumer confidence index lowest in 13 monthsConsumer confidence index lowest in 13 monthsNBTC asks for cooperation from mobile operators to take care of signals in flooded areasRushing to help passengers at Chiang Rai Airport after floodingChiang Rai Airport is flooded, urgently transporting stranded passengersSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSME Bank helps flood victims with fee waivers and debt reliefSCB says digital wallet will boost GDP in 2025 by 0.5-0.7%, estimates flood damage in Chiang Rai at 400 million bahtNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportNotification of cancellation of all flights operating at Mae Fah Luang Chiang Rai AirportThai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.Thai stocks closed this morning up 8.96 points.SET moves forward to develop carbon credit trading centerPCE opens trading day at 14.04% above reservationMae Fah Luang Airport is still open to help the public.MRTA explains facts about excavator accidentMRTA explains facts about excavator accidentCentral Pattana invests 15,000 million baht to build new mixed-use projects in the South and transform mixed-use projects in key areasCentral Pattana invests 15,000 million baht to build new mixed-use projects in the South and transform mixed-use projects in key areas“Chulaphan” promotes “1 Community, 1 Excise Department Champion”“Chulaphan” promotes “1 Community, 1 Excise Department Champion”Thai stocks closed this morning down 16.88 points.Thai stocks closed down 12.62 points.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.EGCO Group reiterates that this year there will definitely be new projects that will close deals.PEA 64th Anniversary ‘Smart Electricity for Sustainable Quality of Life’Moving forward with a plan to renovate 29 smart passenger ports on the Chao Phraya River“Ekanat” entered the Ministry of Industry on the first day, wrote a motto to remind people to “Do it now, do it every second, don’t give up until you succeed.”“Pichai” enters the Ministry of Commerce on the first day, leading the Deputy Minister to pay homage to sacred objectsGSB kicks off 50,000 rai of forest planting in Loei ProvinceSET welcomes PCE to start trading on 12 September.WHA believes the new government will continue to drive forward economic policies.WHA believes the new government will continue to drive forward economic policies.“Suriya” orders the Department of Highways and the Department of Marine and Coastal Resources to closely monitor the flooding in Mae Sai District 24 hours a day.“Suriya” orders the Department of Highways and the Department of Marine and Coastal Resources to closely monitor the flooding in Mae Sai District 24 hours a day.OR-GC join hands to expand ‘Say Goodbye to Chao Phraya River Trash’OIC intensively trains ‘casualty assessors’ to adhere to standardsNSTDA helps manage excess food, supports establishment of Thai food banks‘Thai Oil’ is delighted to receive the Best Places to Work award.“Chulaphan” proposes to the Cabinet on September 17 to transfer 10,000 baht in welfare funds.PMC opens first day of trading on mai above reservation by 24.18%PMC opens first day of trading on mai above reservation by 24.18%PMC opens first day of trading on mai above reservation by 24.18%Join forces to establish a ‘SME Friends Help Center’ to create a hub to support SMEs in the lower northern region in a complete cycle.Thai stocks closed this morning down 6.62 points.MAI Stock Exchange welcomes PMC to start trading on September 11th.“Phakorn” passes the baton to “Assadet”, sees signs of fundflow continuing to flow in until the end of the year“Suriya” confirms to move forward with all projects – 20 baht electric train – land bridge“Suriya” confirms to move forward with all projects – 20 baht electric train – land bridgeKUN moves to trade in SET on 11 Sept. 2024.Expected to distribute 10,000 baht to vulnerable groups, pushing GDP this year to grow by 2.7-2.8%Expected to distribute 10,000 baht to vulnerable groups, pushing GDP this year to grow by 2.7-2.8%SPRC Group gas stations expand investment, hoping government will listen to information on profit control“Pirapan” posts new oil price control law allowing traders to adjust prices once a month, up or down as they please.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.The 70th ‘Bangkok Gems’ has begun, with an expected turnover of over 100 million US dollars.“Suriya” and 2 Deputy Ministers take the opportunity to enter the Ministry of Transport on September 10th.26 million digital lottery tickets on saleThai stocks closed this morning up 1.35 points.Thai stocks closed this morning up 1.35 points.Krungsri Consumer launches 2 measures to help customersLEOWD24 opens first day of trading on LiVEx up 13.33%SEC revises Vayuphak Mutual Fund criteria to support general investor offerings
Sun. Sep 15th, 2024

ADB lowers growth forecast for Lao economy this year

The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April.

According to the Asian Development Outlook (ADO) September 2023, economic growth in Laos is forecast to be slower than expected due to weaker growth prospects in China, and macroeconomic pressures arising from unsustainable public debt and a weak Lao currency, the kip.

The 2024 growth forecast was kept at 4.0%.

Curbing inflation is among the main challenges to Laos. Though inflation decelerated in August to stand at 25.88%, down from 28.64% in June and 27.8% in July, the rate is still among the highest in the region. The Lao Statistics Bureau said the weak kip is one of the main drivers of inflation.

Lao media cited ADB Country Director for Laos Sonomi Tanaka as saying that sound macro-economic management, including stronger coordination across fiscal and monetary policies, is urgently needed to address the country’s economic and financial challenges.

Source: Vietnam News Agency

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