Thailand’s economic growth is expected to expand by 3.7-4% during the three months to September mainly because of stronger growth in exports and tourism, say economists. Charl Kengchon, managing director of Kasikorn Research Center (K-Research), forecast the economy grew 3.8% year-on-year during the third quarter, up from 3.7% in the second quarter. “The stronger growth […]
Read MoreThai small and medium-sized enterprises (SMEs) are being urged to brace themselves for disruptive technology and integrate technology in their business models to keep them ahead of the curve after latest findings suggest they are losing competitiveness. According to Bank of Thailand governor Veerathai Santiprabhob, disruptive technology is presenting a strong challenge to SMEs. Compared […]
Read MoreNoriaki Goto, Krungsri President and CEO; Makoto Kobayashi, BTMU Managing Executive Officer and head of Financial Solutions Group; and Duangjai Asawachintachit, Secretary General of the Board of Investment recently signed a memorandum of understanding (MOU) in support of cross-border trades by Thai operators wishing to invest abroad as well as Japanese operators wishing to invest […]
Read MoreThe baht rose to 32.95 versus the greenback Thursday, hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar’s retreat. The dollar is weakening because of uncertainties regarding the US tax reform plan, Mr Veerathai said. “The baht is […]
Read MoreSwelling household debt is a major factor diminishing the purchasing power of lower-income earners, despite the improving economic recovery, says the Bank of Thailand’s chief. “Despite the rebounding economy, most Thais are not experiencing improvement because their debt burden is pressuring their purchasing power. The Bank of Thailand is working on this problem,” Bank of […]
Read MoreFinance Minister Apisak Tantivorawong set his sights on solving obstacles to international trade as part of the government’s relentless effort to lift its ranking in the World Bank’s ease of doing business report next year. Even though Thailand jumped to 26th in the 2018 report from 48th the previous year, on the international trade section […]
Read More
Thailand
