Subdued inflation in recent years might raise concern about the health of the Thai economy in general. In the past three years, inflation in Thailand has been almost the lowest among Asean countries. A casual observer might blame this on the tepid economy, leading to weak demand that has subsequently reduced price pressure. However, before jumping […]
Read MoreExpenditure to be even higher in H2 – DBM Infrastructure and other capital spending rose sharply in May mainly on priority public works projects and the modernization of the armed forces, the Department of Budget and Management (DBM) said on Thursday. Analysts saw the surge in spending as an indication of the Duterte government’s political […]
Read MoreKasikorn Research Center (K-Research) expects economic growth to hit 3.4% this year, an improved outlook based on signs that exports and domestic consumption have increased. The research house raised its estimate for the first half to 3.3% from 3.1% due to higher-than-expected export growth in the first five months, said head of research Nattaporn Triratanasirikul. […]
Read MoreTEMPO.CO, Jakarta – The Governor of Bank Indonesia (BI) Agus Martowardojo predicts that the second quarter of 2017 (April-June) will see slower economic growth due to the shift in government and consumer spending realization to the third quarter. Consumer spending has not increased as expected because Eid bonuses are paid in the third quarter. “Moreover, government spending is also […]
Read MoreThe World Bank says Cambodia along with Laos and Myanmar are the fastest growing economies in East Asia. Ellen Goldstein, the newly appointed World Bank director for Myanmar, Cambodia and Laos, said the bank was keeping up its support for the growth of the countries. She committed the bank to enhanced collaboration with the governments […]
Read MoreIn the second half of the last fiscal year, from October 2016 to March 2017, receipts from taxes on oil and natural gas extraction and income taxes were lower than expected. However, taxes on special goods and commercial tax including taxes collected from telecom operators was much higher than expected, totalling about K203 billion. The […]
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Thailand
