The government’s planning unit is upbeat about Thailand’s medium-term economic prospects, predicting growth of 3.8-4.3% a year over the next five years, in line with the country’s 12th National Social and Economic Development Plan (2017-21). Wichayayuth Boonchit, senior adviser to the National Economic and Social Development Board (NESDB), who met an IMF mission led by […]
Read MoreThe Bank of Thailand is optimistic about the country’s economic outlook, which is supported by strong growth in exports, says central bank governor Veerathai Santiprabhob. “In its latest meeting, the Monetary Policy Committee [MPC] considered different economic indicators and decided to raise the GDP forecast to reflect a clearer recovery of the Thai economy, especially […]
Read MoreExports are expected to grow at least 6% this year, better than the 5% predicted earlier, the Thai National Shippers’ Council said on Tuesday, thanks to improved global demand. Exports, a key driver of growth, rose 8.9% between January and August from a year earlier. However, the strength of the baht remains a risk, the […]
Read MoreTrueMoney, one of the newest additions to the string of fintech firms vying for a slice of the mobile money market in Myanmar, is upping its game in the face of rising competition. Its strategy is to meet demand for a service to facilitate international mobile cash transfers by Myanmar residents. “We have a channel that […]
Read MoreAlthough consumer prices were up for a third straight month in September, the Commerce Ministry has lowered its 2017 inflation forecast while counting on the stronger baht and the government’s welfare schemes to help cap rising prices. Pimchanok Vonkorpon, director-general of the Commerce Ministry’s Trade Policy and Strategy Office, said annual headline inflation was 0.86% […]
Read MoreThe annual headline consumer price index rose for a third straight month in September, government data showed on Monday, beating forecasts but still below the central bank’s target, giving it room to keep monetary policy loose to aid growth. The index increased 0.86% in September from a year earlier, after a 0.32% rise in August. […]
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