Thailand’s exports are set to contract by 1.6 per cent year-on-year, due to the US-China trade conflict, predicted Siam Commercial Bank’s Economic Intelligence Centre (EIC) on Tuesday, The centre adjusted down their April export forecast of 2.7 per cent growth, to a new negative forecast of 1.6 per cent contraction. The EIC also adjusted down […]
Read MoreSecond-tier provinces are emerging as drivers of Thailand’s 800-billion-baht market for fast-moving consumer goods because of growing urbanisation and the government’s emphasis on infrastructure investment and tourism promotion. Somwalee Limrachtamorn, managing director of Nielsen Thailand, said the retail index for fast-moving consumer goods in the first half improved on the year-earlier reading and is expected […]
Read MoreThree driving forces are shaping new forms of value chains, with implications for Southeast Asia. The first is the growth of the CLMVT — Cambodia, Laos, Myanmar, Vietnam and Thailand — region. The gap between advanced economies and emerging markets is closing, and our region is catching up very fast. But the concurrent rise in […]
Read MoreThe Commerce Ministry plans to speed up the trade facilitation framework for Southeast Asia with Asean officials this week, focusing on a reduction in non-tariff measures in the region. Thailand is the Asean chair for 2019. The Asean Trade Facilitation Joint Consultative Committee will meet tomorrow and Thursday. Auramon Supthaweethum, director-general of the Trade Negotiations […]
Read MoreCHIANG MAI: Thailand’s central bank sees no need to quickly adjust its monetary policy, despite expecting lower economic growth this year, the governor said yesterday. Monetary policy decisions will still depend on economic data, Bank of Thailand (BoT) governor Veerathai Santiprabhob told reporters in the northern city of Chiang Mai. “We don’t need to react […]
Read MoreAs Bangkok condo supply is in a surplus and tenants are seeking units with lower rents, condos in outer-city locations along the extensions of mass transit lines are more attractive for a buy-to-let investment than those in inner-city areas. Thana Torsahakul, chief executive of Primo Service Solution Co, a property consultant and subsidiary of SET-listed […]
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