Thailand’s headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of an interest rate hike as early as next month, and with the commerce ministry warning price pressures will extend into the third quarter. The headline consumer price index (CPI) rose 7.66% from a year ago, driven up by higher […]
Read MoreThailand has kicked off the first round of free-trade agreement (FTA) talks with the European Free Trade Association (Efta), in the hope that a deal could be reached within two years. According to the Trade Negotiations Department’s Director-General Auramon Supthaweethum, Thailand hosted the first round of Thai-Efta FTA meetings in Bangkok between June 28-30. The […]
Read MoreDomestic tourism is expected to record the highest level of travel sentiment in the third quarter since the pandemic thanks to a shift towards an endemic approach and several long holidays, according to the Tourism Council of Thailand (TCT). Domestic tourism has kept up with positive signs as the number of local tourists planning their […]
Read MoreInterest rates on mortgages are expected to rise this year but will not surge to the levels they reached during the 1990s real estate boom, said Government Housing Bank (GH Bank) president Chatchai Sirilai. He said that GH Bank’s current average interest rate is 3%. If the Bank of Thailand raises the benchmark rate by […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card. GDP growth is estimated in a range of 2.75-3.5%, a slight change from the 2.5-4% predicted earlier, said Payong Srivanich, chairman of the […]
Read MoreThe value of foreign trade by land has risen to 688.822 billion baht, up by 1.74 per cent during the first five months of this year, following the easing of Covid travel restrictions, the commerce minister said on Monday. Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said the 1.74-per-cent increase, compared to the same […]
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Thailand
