Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery. Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC), said Cambodia is seeing average economic growth of 7 – 8% per year as a result of the country […]
Read MoreThe Employers’ Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated. Tanit Sorat, vice-chairman of EconThai, said on Tuesday a 5-8% increase should be […]
Read MoreSpending on Mother’s Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country’s tepid economic recovery, according to the University of the Thai Chamber of Commerce (UTCC). Thanavath Phonvichai, president of […]
Read MoreCitibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year’s GDP predicted to expand by 4.5%, a fall from 4.8%. Nalin Chutchotitham, investment adviser at Citi Thailand, said the downbeat estimates were due to an expected slowdown in government spending and global growth. The bank also expects the […]
Read MoreLocal major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery. Kasikornbank (KBank) chief executive Kattiya Indaravijaya said the lender would keep its current interest rates unchanged if the central bank’s Monetary Policy […]
Read MoreThe Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say. The increase is in line with the projection that the US […]
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