Thailand’s current account surplus is set to shrink in 2020 before recovering gradually through 2021. In the period from January to August, the cumulative current account balance shrank by 38.2% year-on-year as the services account proved a more significant drag than we had anticipated. Indeed, our downward forecast revision for a shallower current account surplus […]
Read MoreConsumer sentiment rose to a nine-month high in November, mainly driven by higher consumption thanks to the government’s co-payment scheme that subsidises 50% of food and goods purchased at small shops, and the Shop and Payback tax rebate scheme. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose […]
Read MoreThailand needs to reform tax structures to boost income and prepare for new challenges in the future, Finance Minister Arkhom Termpittayapaisith told the Forbes Forum 2020. Speaking as a keynote speaker at “Forbes Thailand: Thailand’s Mega Trends Forum 2020”, which explored the mega-trends and their impact, Mr Arkhom said there are five current global trends […]
Read MoreContainer freight rates across the world’s busiest ocean trade route have soared to a 10-year high, adding to strains on major shipping lanes as Western retailers rush to restock ahead of the year-end holidays. The average spot-market price to ship a 20-foot box from Asia to Europe hit $2,091 this week, according to the Shanghai […]
Read MoreFour massive Thai conglomerates — B.Grimm Group, Amata Corporation, PTT and Global Power Synergy — have entered into an agreement to develop an 800-square-kilometre industrial estate in Myanmar. A memorandum of understanding is expected to be signed by the beginning of next year, said B.Grimm chairman Harald Link. Mr Link said B.Grimm’s role in the […]
Read MoreTHAILAND plans 43.5 billion baht (S$1.9 billion) of additional stimulus to boost domestic consumption and an increase in benefits for local travel, officials said on Wednesday, as the government tries to revive a flagging, pandemic-hit economy. Some 22.5 billion baht will be offered to 5 million new consumers, or 3,500 baht each, under the current […]
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