Thailand’s customs-based exports fell for a fourth straight month and more than expected in January as global demand slowed, with shipments expected to contract further in the first half of the year, the Commerce Ministry said on Thursday. Exports, a key driver of growth, dropped 4.5% in January from a year earlier, worse than a 1% […]
Read MoreBANGKOK, March 2 (Reuters) – Thailand’s unemployment rate in the fourth quarter of 2022 dropped to 1.15% from 1.23% in the previous quarter, the state planning agency said on Thursday, as the vital tourism sector rebounds. Employment increased 1.5% in October-December from a year earlier, but slowed from a 2.1% rise in the September quarter, […]
Read MoreThe average airfare for flights connecting key cities in China and Thailand remains 1.5 times higher than pre-pandemic prices, while for second-tier cities fares have surged 200%, which means low-priced tours cannot return, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said even though average airfares have decreased from last year, prices […]
Read MoreThe Federation of Thai Industries (FTI) expects the new mid-year power tariff, which is used to calculate electricity bills, to not exceed 5 baht per kilowatt-hour (unit) following a drop in liquefied national gas (LNG) prices. The current rate for businesses, in effect from January to April, is 5.33 baht a unit. Energy authorities are discussing […]
Read MoreThe 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession. The committee’s best-case scenario is zero export growth this year. Earlier this year, the group predicted Thailand’s export growth to tally 1-2% in 2023, […]
Read MoreForeign investors were net sellers of UScopy.1 billion (37 billion baht) worth of shares on the Thai stock exchange in February, the highest value among Asian bourses for the month and the biggest net sell-off on the exchange since April 2020, with several factors pressuring investments, according to analysts. Foreign investors sold 3.33 billion baht worth […]
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