Despite the sluggish economy that could lead to cautious spending in the second half, Thailand’s e-commerce industry is still expected to see double-digit growth this year, driven by the new normal shopping trend, says e-commerce platform Lazada. “In the past three months, we have seen cautious spending from customers of LazMall [a virtual mall feature […]
Read MoreThailand’s manufacturing production index (MPI) in July rose 5.12% from a year earlier, lifted by higher production of autos, electronics and rubber, the Industry Ministry said on Monday, missing analyst forecasts. The reading compared with a forecast for an increase of 11.0% in a Reuters poll and June’s revised 18.27% rise. Source: https://www.bangkokpost.com/business/2173491/july-manufacturing-output-rises-5-1-y-y-below-forecast
Read MoreThe Employers’ Confederation of Thai Trade and Industry (EconThai) welcomes the government’s easing of lockdown measures starting on Wednesday because relying on a lockdown alone will not flatten the Covid-19 infection curve. Authorities should follow the US, the UK and Japan as a model for how to co-exist with the pandemic, said Tanit Sorat, vice-chairman […]
Read MoreThailand remains Vietnam’s largest trading partner in ASEAN and the 9th largest foreign investor in the country. Vietnam and Thailand are committed to pushing for greater efficiency in the bilateral enhanced strategic partnerships. Vietnam’s Chairman of the National Assembly (NA) Vuong Dinh Hue and his Thailand’s counterpart Chuan Leekpai shared the view during an online […]
Read MoreAs Thailand inches towards the government goal of a cashless society, the central bank is experimenting with means to accelerate the transition through the adoption of a centralised digital currency. While regulations tighten around privately-created cryptocurrencies, the government is seeking to create its own digital currency to expedite transactions between banks and offer new payment […]
Read MoreWith the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
Read More
Thailand
