The government’s planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), the export value of goods in US dollar terms is anticipated to […]
Read MoreTour operators are calling for tourism laws to be reformed to protect travel agents, not only customers, following an alleged Japan tour scam worth 14 million baht. Ten retail travel agents filed a complaint against one wholesale company with the Royal Thai Police’s Central Investigation Bureau this week, alleging they were scammed when they bought outbound […]
Read MoreCambodia’s exports to neighbouring Thailand and Vietnam surged in January this year compared to the same period last year in sharp contrast to the country’s exports to traditionally strong markets such as China and the US declining during the period. According to the data of the General Department of Customs and Excise (GDCE), the exports […]
Read MoreBANGKOK, Feb 17 (Reuters) – Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing. The planning agency responded by downgrading its outlook for this year. But the economy, Southeast Asia’s second largest, should not […]
Read MoreThe rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market. Investors are advised to monitor US economic data that could influence investment and interest rate trends. For example, US inflation in January was […]
Read MoreThe Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities. Internal Trade Department director-general Wattanasak Sur-iam said yesterday many consumer […]
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Thailand
