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04:41
Economists: Despite the rollout of fiscal policies, growth headwinds remain in Thailand
According to Golden Ten Data on May 28, economists from UOB stated in a report that despite the recent introduction of a fiscal package by the government, Thailand's economic growth still faces obstacles. Domestic demand in Thailand remains uneven, while risks from energy shocks continue to weigh on consumer confidence and employment. The new joint payment program, aimed at easing living costs and stimulating the local economy, should be seen as a targeted fiscal buffer rather than a traditional demand-boosting stimulus measure. UOB maintains its forecasts for Thailand's GDP growth at 1.5% in 2026 and 2.4% in 2027, in contrast to the 2.4% increase recorded in 2025.
04:37
Over $500 million in long cryptocurrency positions liquidated within 90 minutes
In the past 90 minutes, the liquidation amount of long positions in the cryptocurrency market has exceeded $500 million. (Watcher.Guru)
04:36
Impacted by the Middle East conflict, Toyota's sales decline for the third consecutive month
Glonhui May 28|Due to supply chain disruptions triggered by the Middle East conflict, Toyota’s global sales have declined year-on-year for the third consecutive month, with exports to the region dropping by more than 90%. On Thursday, Toyota announced that global sales in April, including its subsidiary Daihatsu, totaled 902,015 vehicles, a decrease of 3.7% year-on-year; meanwhile, production increased by 3.4% year-on-year to 933,685 units. Compared to other car manufacturers, Toyota was less affected by this conflict. Despite shipping disruptions in the Strait of Hormuz, its factories continued to operate. However, if the supply shortage persists and component shortages arise, Toyota’s resilience will be tested, highlighting the global auto industry’s heavy reliance on components, raw materials, and energy supplies from the Gulf region.
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