The rebound in the tourism industry and political parties’ campaign spending ahead of the general election are the factors driving media spending in Thailand this year, says Pawat Ruangdejworachai, chief executive of creative agency Media Intelligence Co. Media spending is expected to grow at 5%, slowing from 7.6% last year because of a sluggish economy, he […]
Read MoreThe Thai economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounds but exports weaken, a leading joint business group said on Wednesday. Exports are expected to be flat or fall up to 1% this year, compared with a previous forecast of a rise of 1% to […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 6.6% from December last year to reach 99.8 points in January, the highest level in 10 months, thanks to more business activity, driven by an uptick in tourism. However, the January MPI decreased by 4.35% year-on-year due to the global economic slowdown and the impact of the Russia-Ukraine war, […]
Read MoreThe baht is likely to recover and strengthen to 33-34 to the US dollar by the end of 2023, as the greenback could go into reverse and start to depreciate in six months, says SCB Chief Investment Office (CIO). The Thai currency traded below 35 baht to the dollar yesterday, moving in a range of 35.15 […]
Read MoreThe Bank of Thailand vows to closely monitor baht volatility to maintain the competitiveness of the country’s imports and exports amid an economic recovery. The central bank is watching baht movement after the local currency had volatile swings against the dollar compared with regional currencies. The movement was attributed to investor adjustment to the US Federal […]
Read MoreCivil society officials have found that hundreds of Cambodian workers working in Thailand were made redundant at the beginning of 2023. A Thailand-based official from Centre for Alliance of Labour and Human Rights (CENTRAL) said that in early 2023, many factories in Thailand were shut down, as were construction projects, which resulted in the dismissal […]
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