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Analysts see slight bump in Q1 growth

Thai GDP possibly grew at a marginally faster rate from January to March than in the previous quarter as state investment and private consumption underpinned recovery momentum despite private investment remaining tepid, economists say. “The Thai economy is expected to have grown by 3.3% year-on-year in the first quarter, up from 3% growth recorded in […]

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Thailand 4.0 keys outlined

Value creation, development of IT professionals and software developers and updated laws are necessary components for the development of Thailand 4.0, say IT experts. “The development of Thailand 4.0 does not just involve the IT industry. It’s related to every business and social stakeholder,” Manoo Ordeedolchest, an IT industry guru, recently said at a seminar […]

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Indonesia tries to lure Thais with twin campaigns

Indonesia is beckoning international tourists with dual campaigns, aiming at 200,000 visitors from Thailand this year. Indonesia’s Tourism Ministry and Tourism & Culture Department are joining forces to promote the country as a prime destination in Asia and on the global map with a national campaign, Wonderful Indonesia, and a special campaign for the capital, […]

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Thailand: KBank eyes slower SME loan growth

Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans this year to grow at a slower pace than last year’s 4-6% because of thin loan demand amid an uneven economic recovery, says a senior official. The bank’s 2017 SME loans will grow at a similar rate to the first quarter’s 1-2%, said senior executive […]

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Thailand: Big retailers, manufacturers to clear up price hikes

The Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding the joint meeting after consumers complained about being charged […]

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Thailand: Investment applications fall 31% in Q1

Investment proposals dropped 31% in the January-March period from a year earlier, but the state investment promotion agency expects they will quicken later this year, the agency chief said on Tuesday. Thai and foreign investors submitted investment applications worth a total of 62 billion baht in the first quarter of 2017, Hirunya Suchinai, secretary-general of […]

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