Thailand is on track to overtake Vietnam as the world’s second-largest rice exporter, according to Thai Rice Exporters Association (TREA). India is the current top exporter of the grain, exporting some 17.06 million tonnes of rice in the first ten months of this year, while Thailand managed to export some 6.02 million tonnes. Vietnam, which […]
Read MoreThai consumer confidence rose for a sixth straight month in November, reaching a 20-month high, boosted by improved economic activity following the easing of Covid-19 curbs and higher foreign tourist arrivals, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce (UTCC) rose to 47.9 points in November from […]
Read MoreThailand’s inflation rate slowed for a third straight month in November helped by a fall in food prices, especially for fresh vegetables, fresh fruits, meats and seasonings. The Commerce Ministry yesterday reported headline inflation, gauged by the consumer price index (CPI), decelerated for three consecutive months, coming in at 5.55% in November from the same month […]
Read MoreLocal banks are expected to raise interest rates this week following the Bank of Thailand’s recent policy rate hike, while borrowers could face a normalisation of loan rates for next year. Two large Thai banks, Siam Commercial Bank (SCB) and Kasikornbank (KBank), already increased prime interest rates for both deposits and loans. Last week the […]
Read MoreThe economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday. Arkhom Termpittayapaisith said tourism is helping drive Thailand’s recovery after the Covid-19 pandemic. During the first 10 months of this year, the kingdom welcomed nearly 7.2 million […]
Read MoreThailand’s economic outlook remains positive for next year despite global headwinds, according to economists. Speaking at the “Thailand Insight 2023: Unlocking the Future” forum held on Wednesday by the Bangkok Post, Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank (Thai), said Thailand could provide opportunities in 2023 and the bank is positive about […]
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