American entrepreneurs are keen to invest in the Eastern Economic Corridor (EEC), home to 12 targeted industries that are expected to transform Thailand into an innovation-driven economy, says Lavaron Sangsnit, director-general of the Fiscal Policy Office and the Finance Ministry’s spokesman. Those engaged in the energy, finance and infrastructure sectors have shown an interest in […]
Read MoreExporters are maintaining their forecast for outbound shipments to contract by 1.5% this year, blaming the world’s slowing economy, the protracted trade war and the stronger baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the US suspension of trade preferences for Thailand under the Generalized System of Preferences (GSP) has added to […]
Read MoreThe Bank of Thailand is optimistic that the country’s economic growth momentum in the final quarter is gathering pace, propelled by private consumption amid a raft of stimulus packages, public and private investment, and tourism strength. State investment in big-ticket infrastructure projects and the Eastern Economic Corridor (EEC) is expected to “crowd in” private investment […]
Read MoreLand prices in Greater Bangkok, gauged by the land price index, rose by 17% in the third quarter, largely driven by the outskirts of Bangkok, after the market saw slowing growth in the second quarter. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said most rises in land prices in the third […]
Read MoreThailand’s internet economy is growing at “a healthy clip”, from US$6 billion in 2015 to US$16 billion in 2019, but the country still lags behind regional peers in digital adoption and digitalisation, a report by Maybank Kim Eng said on Thursday. The report, titled ‘Disruption Watch #7: Thailand’s Digital Revolution’, said online travel is the largest component, […]
Read MoreA strong baht presents the most pressing challenge for tourism this high season after the currency reached its highest level in six years, say tourism business leaders. The currency surged to 30.22 baht per US dollar on Friday, with some analysts expecting the baht to rise past 30 per dollar next year. Vichit Prakobgosol, president […]
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