As chair of Asean this year, Thailand is set to host the first senior economic official meeting (Seom) during Jan 12-18 in Bangkok, highlighting 12 key economic issues as top priorities. Auramon Supthaweethum, director-general of Trade Negotiations Department, said the issues for the first Seom comprise how to reduce transaction costs by 10% in 2020, […]
Read MoreThailand’s economy will face a number of disruptions this year, from the US-China trade war to domestic elections, while overall economic growth is expected to marginally decrease, according to a panel of government officials and a banker. Speaking Monday at a seminar titled “Next Thailand Economic Challenge”, the group discussed the outlook this year for the […]
Read MoreMost Thai exporters are worried about the baht appreciating against the US dollar, fearing it will hit exports and farm incomes amid the slowing of both local and global economies. “A stronger baht will hurt our rice price competitiveness amid weaker currencies in the region, such as India,” Thai Rice Exporters Association president Charoen Laothammatas […]
Read MoreProperty developers should be more cautious about financial liquidity and new supply launches because residential presales and transfers are unlikely to be as robust as previously expected this year. Atip Bijanonda, president of the Housing Business Association, said that if the global economy does not improve, there will be an adverse impact on the Thai […]
Read MoreFor all the hype surrounding Thailand’s planned high-speed railway lines, their economic impact will be minimal without better planning to improve urban amenities and productivity in the services sector, say Japanese researchers. Based on current plans, the rail projects would improve the kingdom’s gross domestic product (GDP) by only 0.1% by 2035, according to a research […]
Read MoreThe Finance Ministry has extended a payment channel that is eligible for the government’s value-added tax (VAT) refund scheme for shopping during Chinese New Year, adding QR code payment to debit cards as originally planned. Those entitled to the VAT refund from shopping during Feb 1-15 must be Thai nationals, said Finance Minister Apisak Tantivorawong. For […]
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