TAK: Bilateral border trade between Thailand and Myanmar is expected to flourish after the second Thai-Myanmar Friendship Bridge becomes fully operational, starting from Oct 30. Niyom Wairatpanich, vice-chairman of the Thai Chamber of Commerce, said the bridge is vital to boost border trade between the two countries, increasing trade flow and logistics services through Mae […]
Read MoreCentral Retail Corporation Plc, the retail arm of Central Group, the country’s biggest mall operator, is offering a combined 2.23 billion shares, 1.62 billion of which will be new ordinary shares, as part of an initial public offering (IPO). According to the company’s filings submitted to the Securities and Exchange Commission (SEC) on Tuesday, 1.62 […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has downgraded Thailand’s GDP growth outlook for 2019 a third time to 2.7-3% and cut the export projection to a 0-2% contraction amid the US-China trade war, Brexit woes and baht appreciation. The JSCCIB’s previous projection for GDP growth was 2.9-3.3%, with shipments ranging from […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking has lowered its forecasts for both economic and export growth this year, and called for monetary and fiscal measures to protect the economy. The JJSCCIB revised its 2019 economic growth projection from 2.9-3.3% to 2.7-3.0% and export growth forecast from -1.0-1.0% to -2.0-0.0%, in a statement […]
Read MoreThe GDP growth forecast for 2020 has been set at 2.5-3% by Kasikorn Research Center (K-Research), compared with 2.8% growth seen this year. K-Research said the country needs additional stimulus to meet the upper edge of the estimated range. The 2020 economic outlook will likely suffer from external risk factors, particularly the US-China trade war […]
Read MoreConsumer spending in August weakened, as the real earnings of non-farm labour remained in the contraction territory, according to the central bank. Veerathai Santiprabhob, governor of the Bank of Thailand (BOT), said the central bank had forecast an economic growth of 2.8 per cent this year, which is below the country’s growth potential. However, he […]
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