The Thai economy will continue its steady upward climb, growing by 3.4% this year and 3.6% next year as exports improve, the Bank of Thailand said on Friday. Gross domestic product (GDP) expanded by 3.2% last year and by 2.9% in 2015. Jaturong Jantarangs, a central bank assistant governor, said a steady recovery was being […]
Read MoreThailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province to supply the Thai provinces of Chon Buri, Rayong and […]
Read MoreThe Commerce Ministry has raised its projection for inflation this year to between 1.5% and 2.2% from 1.5-2%, mainly because of the hike in global crude oil prices. The Consumer Price Index (CPI) rose 0.76% in March year-on-year, driven by the global oil price rise and an increase in fresh food and vegetable prices, but […]
Read MoreAnnual headline consumer prices rose less than expected in March, government data showed on Monday, giving the central bank leeway to keep interest rates low to assist economic recovery. The headline CPI index rose for a 12th straight month in March, up 0.76% from a year earlier, its slowest pace in four months, compared with […]
Read MoreGovernment spending continued to be the growth driver of the Thai economy as private investment remained unchanged and tourism contracted in February, the Bank of Thailand said on Friday. Government spending expanded at a slower pace, but continued to be the driver of the economy. Excluding transfers, spending rose due to salary increases for government […]
Read MoreInvestment in Asia, especially in Thailand, is growing significantly. Therefore, the Thai government, under the leadership of Prime Minister Gen. Prayut Chan-o-cha, has encouraged related government agencies to take measures to boost investment in the country, improve the investment environment to be ready for “Thailand 4.0” and to become the world’s investment destination. The Office […]
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