Domestic political uncertainty warrants a downside risk for Thailand’s GDP growth outlook this year because a delay in forming the new government could curtail public investment projects and dent private investment incentives, says the World Bank. “Public investment projects could be affected if new government formation is delayed,” said Kiatipong Ariyapruchya, senior economist for Thailand at […]
Read MoreBANGKOK/SINGAPORE: Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion (160 billion baht) expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections. Southeast Asia’s second largest economy is expected […]
Read MoreThe cabinet on Wednesday gave the nod to extending the waiver of visa-on-arrival fees for visitors from 21 nations for another six months to ward off an economic slump during the transition to a new government. Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, said that upon cabinet approval the exemption from the 2,000-baht […]
Read MoreBANGKOK: Thailand‘s government said it is “making progress” with the much-delayed high-speed Thai-Chinese rail line that is to link Thailand, Laos and China, as the three countries prepared to ink another agreement this week at Beijing’s Belt and Road summit. Formal talks on the project – a rail line expected to stretch 873 km (542 miles) – began in […]
Read MoreFour projects worth Bt650 billion at the Eastern Economic Corridor (EEC) are going on the process of open bidding, deputy prime minister Somkid Jatusripitak said after a meeting of the EEC board yesterday. The four include the high-speed rail project to link the three international airports (Suvarnbhumi, Don Muang, and Tapao); Aviation city, and Maptaphut […]
Read MoreAmazon, the largest e-commerce company in the world, recently opened a new office in Thailand, its second office in Asean after the flagship in Singapore, as it expands operations in the country to provide resources and training to Thai merchants selling products overseas on the platform. The company does not have full purchasing services available yet […]
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