Spending on Mother’s Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country’s tepid economic recovery, according to the University of the Thai Chamber of Commerce (UTCC). Thanavath Phonvichai, president of […]
Read MoreTHE number of condominium resale transactions continued to fall for the third straight month in July 2022, although prices maintained their upward trend for the 24th month in a row. Around 1,248 resale units changed hands in July, according to flash estimates from SRX and 99.co published on Wednesday (Aug 10). This was 6.7 per […]
Read MoreLey Sopheap, the President of E-Commerce Federation Association of Cambodia, announced his backing for the digital and e-commerce policy launched by the Royal Government. Sopheap’s declaration of support was made in front of more than 600 participants who participated in the e-commerce promotion and consulting, consumer protection and competition forum, held on August 9. According […]
Read MoreCitibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year’s GDP predicted to expand by 4.5%, a fall from 4.8%. Nalin Chutchotitham, investment adviser at Citi Thailand, said the downbeat estimates were due to an expected slowdown in government spending and global growth. The bank also expects the […]
Read MoreThe Government has given the nod to halve the most-favored-nation (MFN) import tariff on unleaded gasoline to 10% from the current 20%. The decision came after the Ministry of Finance proposed lowering the tariff last month to encourage enterprises to import fuels from various countries, the local media reported. In reality, the 10% cut in the […]
Read MoreLocal major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery. Kasikornbank (KBank) chief executive Kattiya Indaravijaya said the lender would keep its current interest rates unchanged if the central bank’s Monetary Policy […]
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Thailand
