Despite a fall in Chinese arrivals after the zero-dollar tour crackdown, Thai tourism authorities are convinced that the market will return. The tourism boom is expected to continue in 2017 and remain a major growth driver for the economy even as the industry sees falling Chinese arrivals in the first few months. The crackdown on […]
Read MoreConsumer prices rose at the fastest pace in 25 months in December, driven by fuel, food and non-alcoholic drinks. The Commerce Ministry said yesterday that the consumer price index, based on 450 products and services, rose for the ninth straight month in December, surging 1.13% year-on-year after increasing 0.6% year-on-year in November, 0.34% in October, […]
Read MoreOfficials, analysts express doubts that the overarching ambition to escape from the middle-income trap through high technology will be achieved any time soon. By Apornrath Phoonphongphiphat The government has launched a new flagship policy that will be the master plan to free Thailand from the middle-income trap, making it a high-income nation in five years. […]
Read MoreThe baht strengthened by 0.5% in 2016 to between 34.50 and 36.40 baht to the dollar, according to the research unit of Kasikornbank. The local currency appreciated in the first quarter of 2016 when it remained unclear when the Federal Reserve raise its policy interest rate but had since eased as the trend became clearer. The local […]
Read MoreTo achieve its target, the government plans to issue three new laws known as BoI Plus to grant greater privileges to new investors, writes Lamonphet Apisitniran Investment remained a government priority in 2016, mostly through strong promotion by the Board of Investment (BoI). The government plans stronger investment promotion in 2017, plus legal amendments and […]
Read MoreShippers predict export growth of 1-2% in 2017, lower than the 2.5-3% forecast by the government, as external risk factors remain abundant. According to Nopporn Thepsithar, president of the Thai National Shippers’ Council (TNSC), the global economy and international trade prospects remain fragile, while tariff and non-tariff barriers are expected to multiply in the new […]
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Thailand
