The new stimulus package is estimated to boost economic growth by at least 0.55 percentage points and help this year’s growth to expand 3% or above, says Finance Minister Uttama Savanayana. “We hope the country’s GDP growth this year will achieve the National Economic and Social Development Council’s expectation of 3% or higher,” he said. […]
Read MoreThe National Economic and Social Development Council (NESDC) has revised down its forecast of this year’s economic growth to 3 per cent, following a slowdown in activities in the first half. Growth in the second quarter stood at 2.3 per cent, a near five-year low, or the past 19 quarters. “It is not crisis, the […]
Read MoreThe National and Economic Social Development Council will today release the gross domestic product results for the second quarter of this year. Most research houses predict growth would be slower at around slightly over 2 per cent, compared with 2.8 per cent in the first quarter which was the slowest growth in nearly four years. […]
Read MoreEconomic growth sharply slowed in the second quarter to 2.3 per cent due to both external and domestic factors, according to a state think-tank report released today( August 19). Gross domestic product in the second quarter expanded by 2.3 per cent, a drop from the 2.8-per-cent growth rate in the first quarter, said the economic […]
Read MoreTwo months of increasingly chaotic protests in Hong Kong are driving investment money out of the city and into Thailand’s ultra-luxury condominiums, according to one of the biggest developers in the Southeast Asian country. Some 40% of the condos in a 52-story Bangkok tower that opened last week have already been sold to buyers from […]
Read MoreThe Foreign Ministry has asked the government to review the economic ministers’ proposal to offer a visa waiver to Chinese and Indian tourists as a part of the government’s economic stimulus package. The ministry has voiced opposition to the measure proposed by the Tourism and Sports Ministry, citing national security considerations. Last Friday, a meeting […]
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