The Federation of Thai Industry (FTI) is urging the next government to work more closely with the private sector in crafting key economic policies, stating that further hiking the minimum wage – a policy proposed by several political parties – will hurt the low-income sector and be harmful to the economy. The FTI has prepared […]
Read MoreStrong domestic demand will partially offset declining exports, leading to higher-than-expected GDP growth of 3.9% this year, says the Bank of Thailand. The consensus growth projections for Thailand are lower at 3.6%. Don Nakornthab, senior director for macroeconomic and monetary policy at the Bank of Thailand, said trade tensions may play a role this year […]
Read MoreDEMANDS on the healthcare workforce will increase as Thailand’s population ages, according to research by KPMG Global yesterday. The research show that Thailand has become an ageing society with more than 10 million elderly people accounting for 10 per cent of the total population since the year 2014. On the other hand, children under the […]
Read MoreOperators have a more optimistic outlook for this year’s tourism sector, with over 40 million international arrivals anticipated despite a slowdown in the first quarter and unclear election results. The strong baht and global economic doldrums slowed growth in international arrivals during the first quarter of this year, estimated at 10.9 million, a 2.9% rise year-on- year, […]
Read MoreThe government has set its sights on upgrading and promoting three islands in and near the Eastern Economic Corridor (EEC) to become spots for quality tourism. The three islands in the Gulf of Thailand are Koh Si Chang in Chon Buri, Koh Samet in Rayong and Koh Chang in Trat. Kanit Sangsubhan, secretary-general of the […]
Read MoreKasikornbank (KBank) will trim its 2019 economic growth forecast because of a global economic slowdown and the possibility of lukewarm private investment if there is a lengthy process forming a new government. “We will cut our economic growth forecast soon, as many risks are present and this could dent growth,” said Kobsidthi Silpachai, head of capital […]
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Thailand
