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Temenos (SIX: TEMN) today announced that Kiatnakin Phatra Securities Plc., one of the leading financial institutions in Thailand for wealth management, has selected Temenos to advance its service platform.
The Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists.
AFP Thailand's economy expanded by 2.6 percent last year on the back of a tourism recovery and strong consumer confidence but an export slowdown dragged on growth, officials said Friday. The figure was below expectations and followed 1.5 percent growth the previous year. Southeast Asia's second-largest economy ran out of steam in the fourth quarter with only 1.4 percent growth year on year, down from 4.6 percent in the previous quarter, according to Thailand's National Economic and Social Development Council.
AFP Thailand's economy expanded by 2.6 percent last year on the back of a tourism recovery and strong consumer confidence but an export slowdown dragged on growth, officials said Friday. The figure was below expectations and followed 1.5 percent growth the previous year. Southeast Asia's second-largest economy ran out of steam in the fourth quarter with only 1.4 percent growth year on year, down from 4.6 percent in the previous quarter, according to Thailand's National Economic and Social Development Council.
BANGKOK, Feb 17, 2023 (BSS/AFP) - Thailand's economy expanded by 2.6 percent last year on the back of a tourism