The Thai-Chinese Chamber of Commerce on Monday revealed that around 44.1 per cent of respondents in its latest survey projected the Thai economy would grow next year at less than 2.5 per cent, while 41.3 per cent forecast growth of 2.5-3.5 per cent. Chamber president Narongsak Putthapornmongkol said the survey on confidence in the Thai […]
Read MoreThailand recorded a current account surplus of $0.99 billion in October after a surplus of $1.31 billion the previous month, the Bank of Thailand said on Monday. Exports, a key driver of growth, fell 5.6% in October from a year earlier after September’s 4.2% drop. October’s imports declined 12.1% from a ye Source: https://www.bangkokpost.com/business/2027751/oct-exports-fall-5-6-y-y-trade-surplus-narrows
Read MoreThailand’s biggest manager of distressed assets is bracing for another difficult year in 2021, as the economy faces more headwinds from the pandemic. Bangkok Commercial Asset Management Plc (BAM), which buys soured loans and real estate from distressed debtors, has seen property sales slow, chairman Bunyong Visatemongkolchai said in an interview. The firm is experiencing […]
Read MoreThe strengthening of the value of the baht is putting the Bank of Thailand in the hot seat again as an influx of offshore fund flows move into emerging market economies, spelling trouble for the export-reliant country. The baht has appreciated rapidly against the US dollar following risk-on sentiment based on the outcome of the […]
Read MoreThe number of companies seeking tax incentives offered by the Board of Investment (BoI) for improving their production efficiency rose 23 per cent to 138 applications in the first nine months of this year, BoI deputy secretary-general Narit Therdsteerasukdi said. The companies’ investment in boosting their production efficiency has jumped 18 per cent to Bt15.19 […]
Read MoreThe number of new mobile food operators, including stalls and food trucks, doubled during the first 10 months of this year, according to the Department of Business Development. Their total registered capital was Bt10 million, up 236.67 per cent year on year, said deputy director general Sorada Lertarpachit. Most of the operators are Thais […]
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