Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday. Slowing exports will not affect this year’s growth outlook of 3.4% as the crucial tourism sector picks up pace, Finance Minister Arkhom Termpittayapaisith […]
Read MoreAirasia ride, a ride-hailing service under the airasia Super App, is forging ahead with an aggressive move to entice drivers with a low 15% commission fee, while setting competitive fares to attract passengers, particularly tourists. It indicated its fares are about 15% lower than its competitors. It expects the ride-hailing service will attain profitability within a […]
Read MoreThe Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country’s GDP, according to the Fiscal Policy Office (FPO). The government’s fiscal and monetary status remains strong, with US$202 billion in foreign reserves as of October, the FPO said. Pornchai Thiraveja, director-general of the FPO, said private consumption […]
Read MoreThe Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies. The research house has downgraded the country’s GDP growth rate for next year to 3.4%, from the previous forecast […]
Read MoreThe tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT). The TAT is preparing to hold a special event called “Amazing Thailand 10 Million Celebrations” on Dec 10 […]
Read MoreThai exports in October shrank for the first time in 20 months, as the tight monetary policy to curb inflation among major trading partners affected purchasing power and economic activity. The global manufacturing sector continued to slow down as reflected in the global Purchasing Manager’s index (PMI) which was below 50. This was especially true in […]
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