The Bank of Thailand (BoT) raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The BoT’s monetary policy committee voted unanimously to raise the one-day repurchase rate to 1.25% at its final […]
Read MoreThailand’s manufacturing production index (MPI) in October dropped 3.71% from a year earlier, due to weaker exports and refinery maintenance shutdowns, the Industry Ministry said on Wednesday. The figure compares with a forecast rise of 1.2% in factory output for October in a Reuters poll, and after September’s revised 3.34% rise year-on-year. Source: https://www.bangkokpost.com/business/2449732/thai-factory-output-unexpectedly-falls-3-71-y-y-in-oct
Read MoreThe Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices. The MPC of the Bank of Thailand will increase the benchmark one-day repurchase rate by 25 basis points to 1.25% on Wednesday, according […]
Read MoreThe cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver. According to Finance Minister Arkhom Termpittayapaisith, Tuesday’s decision aims to create fairness in the tax system between securities traders in the stock market and people who do not interact with the Thai bourse. The financial transaction tax on share sales […]
Read MoreThailand is likely to miss its ambitious target of electric vehicles (EVs) comprising 50% of locally made vehicles by 2030 for a variety of reasons, notably high energy prices and limited EV charging facilities, says global management consultancy Arthur D. Little. The company expects EVs to make up only 7% of Thailand’s locally made vehicles by […]
Read MoreFive trends are emerging that have the potential to have an impact on global consumer markets in 2023, over the next five years and beyond, according to Mintel, the international market research firm. Centred around seven core drivers of consumer behaviour — identity, rights, surroundings, experiences, technology, well-being and value — the trends are: Me Mentality: […]
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