The Thailand Industry Sentiment Index (TISI) increased to 96.2 points in February, the highest level since April 2019, as manufacturing and consumer spending increased while the tourism recovery continued. More goods orders played a key role in boosting the confidence of manufacturers, said Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI). In January the […]
Read MoreEconomic concerns stemming from the collapse of Silicon Valley Bank (SVB) will not affect long-haul visitors to Thailand in the short term as pent-up demand should support the market, but officials plan to monitor the long-term impact, according to the Tourism Authority of Thailand (TAT). SVB, which had mostly US startups and tech companies as clients, […]
Read MoreGreen Food Factory Co, the operator of the Salad Factory restaurant chain, is ramping up its expansion and raising its brand awareness to cash in on recovering tourism and strong demand for health food. According to chief executive Piya Dankum, the company looks set to invest 70 million baht to expand its business this year, including […]
Read MoreIndustrial sentiment in February reached a 47-month high, bolstered by a rebound in domestic demand and tourism, but weak exports were a concern, the Federation of Thai Industries (FTI) said on Wednesday. The industries sentiment index rose to 96.2 in February from 93.9 in January, marking a return to pre-pandemic levels. The tourism sector, is expected […]
Read MoreRecent problems facing some banks in the United States had no impact on Thailand so far, Finance Minister Arkhom Termpittayapaisith told reporters on Wednesday. The government, however, was ready to take action should global volatility affect the Southeast Asian country’s economy or financial system, Mr Arkhom said. The Stock Exchange of Thailand (SET) main index […]
Read MoreThe cabinet on Tuesday agreed to extend an excise tax cut on diesel for another two months to July 20 to help reduce the costs of living, a government official said on Tuesday. The tax cut of 5 baht (US$0.14) per litre will lead to a loss in revenue of 20 billion baht ($579.20 million), […]
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