Siam Commercial Bank’s Economic Intelligence Center (EIC) is less bullish than before about the economic outlook in 2019, downgrading its GDP growth forecast to 3.8% amid increasing uncertainty on the domestic and overseas fronts. Thailand’s outbound shipments are estimated to grow at a slower pace of 3.4% in 2019, down from 7% projected for last year, […]
Read MoreThe Finance Ministry has authorised operating licences for four digital asset businesses and denied licences for two businesses seeking to become authorised exchanges. The three businesses approved as authorised digital asset exchanges are Bitcoin Co (bx.in.th), Bitkub Online Co Ltd (bitkub.com) and Satang Corporation Co Ltd (satang.pro), while Coins TH Co Ltd (coins.co.th) has been approved […]
Read MoreDiscouraged by the drop in exports in both October and November, an exporter group acknowledged Tuesday that the country’s overall exports in 2018 were unlikely to achieve 8% growth as earlier forecast. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said shipments were likely to end the year at 7-7.3% growth in 2018. She forecast […]
Read MoreThe government has allowed the Thai-Chinese high-speed railway planned from Bangkok to Nong Khai to secure funding from overseas financial institutions, instead of from only domestic ones as earlier stipulated. Nathporn Chatusripitak, an adviser to the Prime Minister’s Office Minister, said the cabinet yesterday approved a proposal from the Finance Ministry to allow the ministry to borrow […]
Read MoreSeveral banks are poised to expand the scope of QR code payment service abroad, aiming to advance efforts towards a cashless society. Banks are seeking entry to regional markets under two business models, standardised QR payment and bank sponsorship, said Thai Bankers’ Association chairman Predee Daochai. Each bank will make its own decision on which […]
Read MoreThailand is firmly in the ‘robust’ emerging-market category, with forecast M&A (merger and acquisition) activity of US$8.5 billion (Bt272 billion) this year, up from just $4.7 billion in 2018, and with the number of deals estimated to reach a three-year high of 125, before easing back in 2020. This is according to the fourth edition […]
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