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Thailand: Export gains prompt another GDP revision

AN INFLUENTIAL forecaster has raised its estimate for 2018 economic growth to 4.4 per cent, citing stronger than expected expansion in the economies of Thailand’s trading partners and the sustained gains in exports and tourism. The University of the Thai Chamber of Commerce Centre for Economic and Business Forecasting had earlier estimated growth of 4.2 […]

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Thailand: BoT looks to widen agent services

The Bank of Thailand plans to extend the business scope of banking agents to money withdrawals and retail payment services, expected to take effect from next month. The central bank is waiting for legal approval before making an official announcement on the amendment of banking agent regulations, said Somboon Chitphentom, assistant governor, financial institutions policy […]

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Thailand: Lagging e-commerce spending inches up

E-commerce spending in Thailand has inched higher, but is still lower than the global average. Thailand’s average e-commerce spending per user for consumer goods is US$248 (7,782 baht), compared with the global median of $833 (26,141 baht), according to a study by social media management platform Hootsuite and global agency We Are Social. Some 52% […]

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Thailand ‘on digital transformation fast track’

By 2021, digital transformation will add an estimated US$9 billion (Bt282 billion) to Thailand’s GDP and increase the growth rate by 0.4 per cent annually, according to a business study released on Tuesday. The research, “Unlocking the Economic Impact of Digital Transformation in Asia-Pacific”, was produced by Microsoft in partnership with IDC Asia/Pacific. The study […]

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