Subdued inflation in recent years might raise concern about the health of the Thai economy in general. In the past three years, inflation in Thailand has been almost the lowest among Asean countries. A casual observer might blame this on the tepid economy, leading to weak demand that has subsequently reduced price pressure. However, before jumping […]
Read MoreKasikorn Research Center (K-Research) expects economic growth to hit 3.4% this year, an improved outlook based on signs that exports and domestic consumption have increased. The research house raised its estimate for the first half to 3.3% from 3.1% due to higher-than-expected export growth in the first five months, said head of research Nattaporn Triratanasirikul. […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%. The rate-setting committee lifted its Thai economic growth outlook due to robust exports, said Jaturong Jantarangs, assistant governor of […]
Read MoreThe crackdown on foreign workers may cause Thai rice exports to drop below the target of 10 million tonnes this year, with many migrants who work in the industry leaving the country. According to Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, shipments of Thai rice to other countries have been hit hard […]
Read MoreThailand’s top business group has raised its forecast for export growth to a new range of 3.5-4.5% after outbound shipments surged in April and May, but kept its economic growth projection at 3.5-4%. Despite the upward revision, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is pessimistic, believing export growth will slow the rest […]
Read MoreChinese e-commerce giant Alibaba Group has pledged to build an e-commerce park on 300 rai in Thailand’s Eastern Economic Corridor (EEC) to serve Asean’s burgeoning e-commerce market, says Industry Minister Uttama Savanayana. The park will serve as the centre of Alibaba’s logistics operations in Asean, he said. Alibaba Group expects to sign the project’s first-phase contract […]
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Thailand
