The Commerce Ministry expects headline inflation in March to stay at a high level, driven by a rise in energy prices after the cost of fuel and electricity accelerated in February at the fastest pace since 2008. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said yesterday the prospects of higher inflation are […]
Read MorePayPal has won a reprieve from local regulators and says it will be business as usual for existing customers of its consumer and business services until the end of the year. By then, the international payments company hopes to be in full compliance with local regulations as it completes the transfer of its business to […]
Read MoreThailand’s headline consumer price index (CPI) jumped more than expected by 5.28% in February from a year earlier, driven by higher energy prices, the Commerce Ministry said on Friday. That compared with a forecast for a rise of 4.05% in a Reuters poll and followed January’s 3.23% increase. The core CPI index was up 1.80% […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters surged 31.4% and 28.1%, respectively, in 2021, mainly attributed to higher demand. The Foreign Trade Department reported yesterday the use of FTA privileges by Thai exporters tallied US$76.3 billion in 2021, the highest in six years. Outbound […]
Read MoreDBS Group Research on Friday (Mar 4) expects Thailand’s gross domestic product (GDP) to grow 3.5 per cent in 2022 and 4.2 per cent in 2023, up from the 1.6 per cent increase of 2021. In its monthly strategy note on Thailand, DBS added that growth should be driven by all economic engines except for […]
Read MoreExecutives at the Federation of Thai Industries (FTI) want the government to freeze the fuel tariff (Ft) on power bills and maintain retail gas prices to ease the impact of soaring global oil prices on economic activities and the cost of living. Some 80.7% of FTI executives surveyed are in favour of the authorities holding […]
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Thailand
