ECONOMIC growth is expected to take a heavy hit due to the rising number of the elderly and the country urgently needs to tackle it by cutting in half the number of military personnel, increasing the number of foreign labourers and employing increased automation in production, Somkiat Tangkitvanich, president of Thailand Development Research Institute (TDRI), […]
Read MoreExports are expected to record their lowest growth in four years as a result of the EU-Vietnam Free Trade Agreement (EVFTA) and the renewed Sino-US trade war. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said the latest study puts export growth this year at […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Thai companies PTT (Lao) Co., Ltd. and Zixgar Group Ltd. are looking at food business opportunities in Laos with a focus on travellers and office workers as their main customers. This sector is particularly appealing after the explosion in the number of coffee cafés, according to a government official. A Memorandum […]
Read MoreThe recent restrictive measures from the Bank of Thailand have continued to cast a shadow over Bangkok’s condominium market since the beginning of this year. Condominium sales have dropped, putting pressure on developer’s financial targets. Some developers have sought to diversify their risk in pure residential development projects for sale by seeking to develop alternative sources […]
Read MoreThe Bank of Thailand insists it has not manipulated the baht to gain an advantage in exports amid speculation Thailand could be added to the US’s expanded watch list for currency manipulation. The central bank regularly communicates with the US Treasury, telling it Thailand has not stepped into the foreign currency market to gain a […]
Read MoreThailand’s waiver of visa-on-arrival fees is likely to get less attention from Chinese travellers as arrivals from the mainland are still declining. Instead, the 2,000-baht fee exemption that runs from Nov 15, 2018 to Oct 31 this year has given a big boost to India, one of the 21 nations eligible for the exemption. Arrivals […]
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