Asian Development Bank (ADB) yesterday hiked its forecast for Thai GDP growth to 3.8% this year and next, while the UN Economic and Social Commission for Asia and the Pacific (Escap) upgraded its 2017 estimate to 3.5% and raised its 2018 view to 3.4%. The Manila-based ADB predicts that a pickup in exports and private […]
Read MoreThe banking system outlook in Thailand next year is stable, while the challenges of Asia-Pacific banks include long-term risks related to the high degree of private-sector leverage, says Moody’s Investors Service. Banking systems in Asia-Pacific overall show a stable outlook for 2018, the international credit rating agency said. Of the 16 banking systems discussed, two […]
Read MoreFood export value is likely to miss its target by 30 billion baht this year as the strong local currency has led to a drop in orders of many items such as shrimp, canned tuna, tapioca and fruit juice. Yongvut Saovapruk, president of the National Food Institute (NFI), said the value of food exports is […]
Read MoreWith the rapid expansion of political, economic and social relationships between the countries of what is now becoming known as CLMTV (Cambodia, Laos, Myanmar, Thailand, Vietnam), this sub-region of ASEAN is beginning to become recognised as the mainstay of Thailand’s international relations. Historically, this region was once identified as Indochina – the lands between India […]
Read MoreDigital advertising is coming fast and furious, with market research firm Kantar Worldpanel Thailand predicting the segment to become the second-largest channel this year after TV for the first time in a decade. Aitsanart Wuthithanakul, new business development manager of Kantar Worldpanel Thailand, said ad spending via digital media has increased every year since 2012, […]
Read MoreA unit of Thai Beverage Pcl is the only investor to register to buy at least a 25 per cent stake in Vietnam’s largest beer company, according to the Vietnam trade ministry’s website, in a sale that would be valued at more than US$2 billion. ThaiBev was one of about a half-dozen foreign companies, including Anheuser-Busch […]
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Thailand
