Siam Commercial Bank (SCB) projects exports of Thai electronic products will rise by a modest 4.1 per cent this year from the US$4.22 billion earned in 2021. SCB’s Economic Intelligence Centre (EIC) said export growth for electronic products this year has slowed from the 16.5 per cent increase seen in 2021. It explained that 2021 […]
Read MoreThe Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation. The economy is expected to expand more than 4% next year thanks to a recovery in tourism, Finance Minister Arkhom Termpittayapaisith told […]
Read MoreTHAILAND’S Securities and Exchange Commission (SEC) said on Monday (Jul 25) it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week. The SEC said in a statement it was asking impacted users of Zipmex to submit information via an online forum […]
Read MoreInvestments by overseas companies registered under the Foreign Business Act (FBA) rose by 73.5% year-on-year in the first six months of 2022, led by Japan, Singapore and the US, driven by the government’s investment promotion policy. Deputy Commerce Minister Sinit Lertkrai said the Foreign Business Committee permitted 284 investment applications by overseas companies in the […]
Read MoreThailand’s car manufacturing is likely to fall short of a target of 1.8 million units this year due to various factors, notably the protracted global semiconductor shortage, says the Federation of Thai Industries (FTI). Earlier it was expected Thailand would produce 1 million cars for export with the remaining 800,000 units for the domestic market, […]
Read MoreThe shortage of airline seats remains a major obstacle for the recovery of Thai tourism as most European flag carriers haven’t resumed flights and frequencies to the pre-Covid level. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the agency met the Civil Aviation Authority of Thailand last week and was informed that Thailand might […]
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