Despite a strong fiscal position and low external vulnerability constituting credit strengths amid recurring political uncertainty, Thailand’s ageing society, moderate competitiveness and labour shortages will weigh on economic growth and public finances over time, says Moody’s Investors Service. “Absent materially higher migration, population ageing will weigh significantly on growth potential,” Moody’s said in a report. “Moreover, […]
Read MoreThe US is still the largest feeder market to Thai hotels, while China has surpassed Japan, Hong Kong and South Korea for second place, according to a report by Expedia Group. Demand for hotels from Americans has grown by 20% year-on-year. Another rising country is India, which breached the top 10 list of feeders to […]
Read MoreAutomotive output in May dropped by 6.11% year-on-year to 181,338 units on an export slowdown, the Federation of Thai Industries (FTI) said on Thursday. The output represented a 20.7% increase from April. Surapong Paisitpatanapong, spokesman of the FTI’s automotive industry club, said the production of passenger cars and pickup trucks for exports fell last month. […]
Read MoreThe Energy Fund Administration Institute (EFAI) is considering terminating price subsidies for gasohol and biodiesel within three years because the existing structure interferes with the stability of local fuel prices. The EFAI plans to hire the Petroleum Institute of Thailand to study the feasibility of the measure. EFAI director Viraphol Jirapraditkul said four types of gasohol […]
Read MoreSingapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services. Grab was one of multiple possible bidders interested in 2C2P with preliminary offers ranging up to about $200 […]
Read MoreThe bid results for three contracts to run duty-free shops at four airports and develop commercial space at Suvarnabhumi airport, where duty-free giant King Power emerged as the winner, are expected to be reviewed by Airports of Thailand Plc’s (AoT) board of directors next Wednesday, according to the AoT. Wichai Bunyu, AoT senior executive vice president […]
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Thailand
