Thailand recorded a current account surplus of UScopy.3 billion in February, after a revised deficit of $2.1 billion in the previous month, the Bank of Thailand (BoT) said on Friday. Exports, a key driver of growth, declined 4.1% year-on-year in February, the central bank said in a statement. The World Bank said on Friday that […]
Read MoreThe Thai economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China’s reopening, the World Bank said on Friday. The 2023 outlook was unchanged from a forecast in December, and compared with 4.1% growth predicted […]
Read MoreThe Commerce Ministry projects the country’s export sector to gradually recover in the latter part of the year as inflationary pressures and global supply chain issues align with energy price trends. The rebound of the service and tourism sectors should also boost demand from trading partners, the ministry said. However, global economic uncertainty and an […]
Read MoreCentral Department Store has launched the “Central Midnight Sale — Leave It All, Shop It Now” campaign, which continues through April 4 at all Central department stores and via omni-channel platforms. The platforms include Central App, www.central.co.th, Central Chat & Shop, Central Call & Shop, Central Personal Shopper on Demand at 1425, Facebook Live, and the inbox […]
Read MoreThailand’s customs-based exports contracted for a fifth straight month in February, down 4.7% from a year earlier, due to a slowing global economy, the Commerce Ministry said on Thursday. That compared with a forecast year-on-year fall of 6.9% for February in a Reuters poll, and came after January’s 4.5% drop. The fall was also due […]
Read MoreThai exports are likely to be indirectly affected by banking problems in the US and Europe, slowing an already sluggish sector and causing a drop in the Manufacturing Production Index (MPI), according to the Office of Industrial Economics (OIE). The index dipped 0.45% to 98.9 points in February on a monthly basis, with the March MPI […]
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Thailand
