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Thailand: Kasikornbank: Baht 0.5% stronger in 2016

The baht strengthened by 0.5% in 2016 to between 34.50 and 36.40 baht to the dollar, according to the research unit of Kasikornbank. The local currency appreciated in the first quarter of 2016 when it remained unclear when the Federal Reserve raise its policy interest rate but had since eased as the trend became clearer. The local […]

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Thailand: Push for foreign investment

To achieve its target, the government plans to issue three new laws known as BoI Plus to grant greater privileges to new investors, writes Lamonphet Apisitniran Investment remained a government priority in 2016, mostly through strong promotion by the Board of Investment (BoI). The government plans stronger investment promotion in 2017, plus legal amendments and […]

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Thailand: Shippers less bullish about 2017 exports

Shippers predict export growth of 1-2% in 2017, lower than the 2.5-3% forecast by the government, as external risk factors remain abundant. According to Nopporn Thepsithar, president of the Thai National Shippers’ Council (TNSC), the global economy and international trade prospects remain fragile, while tariff and non-tariff barriers are expected to multiply in the new […]

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Thailand: Border trade to grow on regional demand

Thailand’s border trade is expected to continue growing by at least 3% next year, driven by the growing economies of Cambodia, Laos, Myanmar and Vietnam and the popularity of Thai products in those markets. Adul Chotinisakorn, deputy director-general of Foreign Trade Department, said border trade prospects remain strong and promising, while the economies of the […]

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Thailand: November exports hit record nine-month high

Thailand’s exports unexpectedly surged 10.2% year-on-year in November, hitting a record high in nine months and raising the government’s hope that whole-year exports could eke out marginal growth this year. The Commerce Ministry yesterday said exports bounced back strongly in November to US18.9 billion after falling 4.2% year-on-year in October and against growth of 3.4% and […]

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