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Thai August factory output falls a 17th straight month BANGKOK: Thai factory output dropped less than forecast in August, but the 17th straight month of decline from a year earlier is the latest sign that the country's economy is still sputtering. Factory output in August was down 2.66 percent from a year earlier, compared with July's revised fall of 5.3 percent the Industry Ministry said on Tuesday. Initially, it put July's drop at 5.18 percent. A Reuters poll had forecast a decline of 4.5 percent for August, during which exports fell a larger-than-expected 7.4 percent from a year earlier. Southeast Asia's second-largest economy avoided a recession in April-June weak recent indicators show key pillars of the economy - exports and consumption - remain weak, so there are doubts real economic recovery has started in the wake of a military coup in May. In August, imports plunged 14.2 percent from a year earlier. The army said it had to take ...


Italy's Renzi wins party vote on labour reform ROME: Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition from the old guard of his centre-left Democratic Party (PD) and got backing for plans to make it easier to fire workers at big companies although he offered little detail on his labour reform. At the end of five-hour party meeting Renzi won a vote on broad brush proposals to extend jobless benefits, cut the number of short-term contracts, boost the role of employment ...

Hong Kong leader demands protests end 'immediately' HONG KONG: Hong Kong's chief executive Leung Chun-ying Tuesday called on protest leaders to "immediately" withdraw their followers from the streets in his first public comments since demonstrators were tear gassed by police."Occupy Central founders had said repeatedly that if the movement is getting out of control, they would call for it to stop. I'm now asking them to fulfil the promise they made to society, and stop this campaign immediately," Leung said.Occupy Central is ...

Malaysia's September palm oil exports seen up 16.3pc m/m KUALA LUMPUR: Exports of Malaysian palm oil products in September rose 16.3 percent to 1,497,828 tonnes from 1,288,117 tonnes shipped in August, cargo surveyor Intertek Testing Services (ITS) said on Tuesday. Copyright Reuters, 2014

Temasek units invest in shoe retailer Star 360 SINGAPORE: Sports and fashion footwear retailer Star 360 Holdings said on Tuesday that it has received investments from two units of Singapore state investor Temasek Holdings (Private) Ltd. Heliconia Capital Management and Pavilion Capital will jointly inject capital into Star 360, to help it expand its retail and distributor networks. Singapore-based Star 360 distributes and sells footwear and accessories from brands including Nike, Birkenstock and Polo Ralph Lauren in 17 countries across Asia, Europe and ...

Brazil stocks slide as Rousseff gains in polls RIO DE JANEIRO: Brazil's stock market and currency tumbled Monday on signs that President Dilma Rousseff is making up ground on her main challenger less than a week before the country's elections.The nation's benchmark Bovespa index fell 4.52 percent on the day, while the real slipped 1.67 percent against the dollar to 2.457 from Friday's close -- its lowest level in six years.Investors were discouraged by Datafolha poll numbers released Friday showing Rousseff 13 percentage ...

South Korea ferry runs aground, all 109 rescued SEOUL: South Korea's coastguard rescued all 109 passengers and crew from a ferry that ran aground Tuesday, not far from the site of April's Sewol ferry tragedy that claimed more than 300 lives.The ferry, on a sightseeing trip around the island of Hongdo off the southwestern coast, ran aground shortly after 9:00am (0000 GMT), coastguard spokesman Oh Eun-Seok told AFP."The cause of the accident is still under investigation, but all 109 passengers including five crew ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln