The World Bank is maintaining its Thai GDP growth projection of 3.2% for 2017, citing recovering commodity prices, improving confidence and accommodative policies. The overall global economy is forecast to grow by 2.7%, up slightly from 2016. The World Bank’s projection of global economic growth assumes that recovering oil and commodity prices will ease pressure […]
Read MoreDomestic sales of passenger cars are expected to rise by 2% this year, marking a recovery after four years of decline, with support from an uptick in economic growth and an increase in private consumption, says BMI Research. Additional factors contributing to a recovery in Thailand’s new-car market include subdued inflationary pressure and a stable […]
Read MorePrime Minister Prayut Chan-o-cha wants all existing state rice stocks to be disposed of within this year. Wiboonlasana Ruamraksa, permanent secretary for commerce, said Gen Prayut, who chaired the national rice policy committee’s meeting yesterday, has ordered officials handling state rice sales to clear the entire 8 million tonnes of rice in the stockpiles within […]
Read MoreThe business sector has revised Thailand’s 2017 export forecast upwards on the back of brighter local and global economic outlooks, says Isara Vongkusolkit, chairman of the Thai Chamber of Commerce. Mr Isara spoke on behalf of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), which he said forecasts this year’s exports to grow […]
Read MoreThailand expects revenue from foreign tourists to rise 8.5% to 1.78 trillion baht this year, a deputy prime minister said on Monday. The expected rise results from an improved outlook for global tourism, as well as Thailand’s investment in infrastructure, Deputy Prime Minister Tanasak Patimapragorn told reporters. “This is another year that we will need […]
Read MoreThailand’s fledgling e-commerce players are being forced to grow up under the shadow of global goliaths. By Suchit Leesa-nguansuk Thailand’s online retail market is bracing for stiffer business conditions in 2017 as companies face growing competition from foreign behemoths with deep pockets and worldwide marketing networks. Online sales are expected to continue growing as consumers […]
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Thailand
