E-commerce platform Lazada is committed to investing in its “mega shopping campaigns” to stimulate purchases amid economic headwinds, while pursuing offline entertainment activities to engage with high-spending groups, particularly Gen Z. According to the firm, Thailand’s online business-to-customer (B2C) segment is expected to make up 16% of the total retail market by 2025, up from 8% […]
Read MoreThe Thai economy will face more challenges next year amid global uncertainties, but its recovery remains on track, according to a Bank of Thailand (BoT) executive. Thailand’s economy is posting a gradual recovery, as forecast by the BoT. The bank predicted GDP growth of 3.3% this year and 3.8% next year. For 2023, the Thai […]
Read MoreGlobal interest rates are projected to reach a ceiling later this month as inflation fears have eased and several central banks are starting to worry about the impact of aggressive monetary policies on the global economy, says Tisco Securities. The Reserve Bank of Australia and the Bank of Canada have started to slow their rate hikes […]
Read MoreBANGKOK: Thailand’s central bank expects the country’s economy to grow by 3.3% this year. This was the view expressed by its deputy governor Mathee Supapongse, who said that it would be supported by consumption and the return of tourists. Mathee, who was speaking at a business seminar in the Thai capital, added that the economy […]
Read MoreThailand can use the Apec Summit and its side meeting, the Apec CEO Summit, to forge more cooperation under “mini-free trade agreements” (mini-FTAs) as part of efforts to brace for a global economic slowdown next year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). A mini-FTA can boost Thailand’s trade and investment faster […]
Read MoreCompany executives want the government to help flood-hit entrepreneurs with a corporate income tax reduction, according to a Federation of Thai Industries (FTI) survey of its members. Most of the 176 executives surveyed in the latest FTI poll, some 67.6%, want authorities to allow affected business operators to reduce their tax burden by offsetting the money […]
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