The cabinet on Tuesday approved a public debt management plan for fiscal 2020 that calls for the country’s average ratio of public debt to GDP to have a ceiling of 42.76%, below the 60% set by the Finance Ministry’s fiscal sustainability framework. Public debt amounted to 6.9 trillion baht at the end of July this […]
Read MoreThailand’s manufacturing production index (MPI) in August fell 4.4% year-on-year to 100.58 points, suffering from a bearish Thai economy and a resurgent US-China trade war, says the Office of Industrial Economics (OIE). The MPI in August dropped the fourth month in a row. As expected, the OIE cut the 2019 MPI outlook to stay flat […]
Read MoreSlowing growth across emerging markets is placing some key nations at greater risk of becoming caught in the middle-income trap, which reflects stagnating gains in GDP per capita that effectively delay their convergence with higher-income economies. South Africa, Brazil, Argentina and Thailand are at particular risk of getting caught in the middle-income trap, despite being […]
Read MoreThai exporters will face the biggest challenge once China shifts its focus to its domestic economy as a result of is trade war with the United States. In an interview with Nationmultimedia Group, Chinese Ambassador to Thailand Lyu Jian confirmed that though China with continue supporting multilateral trade under the World Trade Organisation, it will […]
Read MoreBangkok land prices are expected to stay flat or drop this year for the first time in over a decade, largely because of the economic slowdown and the Land and Buildings Tax set to take effect early next year, say property analysts. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said there is an […]
Read MoreMore Chinese manufacturers are looking to Thailand as a production base to avoid US tariffs, based on trends in demand for industrial estates here. WHA Corporation, the top provider of such estates in Thailand, said it expects Chinese companies to account for as much as half of its land sale contracts both this year and […]
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