Consumer sentiment keeps falling, with the deadly virus outbreak adding to key concerns such as the delayed fiscal 2020 budget, the domestic economic slowdown and political instability. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index dropped to 67.3 in January from 68.3 in December, 69.1 in November […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s central bank unexpectedly cut its benchmark interest rate for a third time in six months on Wednesday (Feb 5), taking it to a record low as a virus spreading from China puts further pressure on the struggling economy. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to cut the one-day […]
Read MoreLabour Ministry has been asked to step in and help dozens of plastic bag manufacturers which are at risk of closing their businesses altogether since the government banned single-use plastics on Jan 1. President of Thai Plastic Industries Association (TPIA), Somchai Techapanichgul, said at a meeting with Labour Minister MR Chatu Mongol Sonakul that almost […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has cut its forecast for 2020 GDP growth to 2-2.5% from a previous projection of 2.5-3%, citing economic difficulties aggravated by the novel coronavirus outbreak. The panel’s export view remains unchanged between flat and a 2% drop, while inflation is seen at 0.8-1.5%. This is […]
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Thailand
