Thailand’s GDP growth is expected to be below 3% this year and next, with flagging exports, shrinking farm income and lower Chinese tourist arrivals the main drags on growth momentum, the World Bank says. The global lender is the latest organisation to lower its 2019 economic growth forecast for Thailand after recent downgrades by the […]
Read MoreThailand ranked second globally in terms of transactions using Alipay during “Golden Week” this year, reflecting the popularity of the mobile payment provider among Chinese tourists here. Alipay, the world’s largest mobile payment and lifestyle platform, operated by Ant Financial Services Group, announced on Wednesday a summary of overseas transactions by mainland Chinese during “Golden […]
Read MoreSINGAPORE (REUTERS) – Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers. Singapore still leads on overall IPOs in South-east Asia in 2019, but it has achieved this mainly through offerings of real estate and business trusts. Asset […]
Read More[BANGKOK] Thailand’s economy is not experiencing recession, but is growing slowly and below potential, central bank chief Veerathai Santiprabhob told reporters and analysts on Thursday, adding that the country also faced structural issues. Last month, the central bank cut its 2019 economic growth forecast to 2.8 per cent from 3.3 per cent, as exports weakened […]
Read MoreThe Office of the Ombudsman has warned the National Hazardous Substances Committee of consequences if it chooses to disregard a panel’s recommendation to ban the use of three toxic farming chemicals. Chief Ombudsman Viddhavat Rajatanun said that since the NHSC has the final authority to impose the ban, it needs to have “a sound reason” […]
Read MoreThailand should boost human capital investment to increase its global competitiveness index ranking after dropping to 40th this year from 38th last year, says an academic. Asst Prof Wilert Puriwat, dean of Chulalongkorn Business School, said the government and the Education Ministry are the key players for improving human resources. “Upgrading human capital is the […]
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