Thailand’s economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday. The weaker baht compared with last year could for the full year 2023 help exports to either grow, or fall only slightly, Mr Arkhom told reporters. “The exchange rate is […]
Read MoreOnline travel agent Agoda hopes Thailand can become a preferred destination for business travellers, competing with Japan and Vietnam. Following Japan in the top spot, Thailand became the second-largest inbound market via the Agoda platform from January to May, ahead of Vietnam in third. Chief executive Omri Morgenshtern said the likelihood that Thailand would overtake […]
Read MoreThe Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth. At its meeting last month, the central bank’s Monetary Policy Committee (MPC) said it believed the Thai economy should continue to expand with some inflationary risks. Tourism and private […]
Read MoreThe Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion. Bank loans recently increased as assistance to small and medium-sized enterprises helped them recover post-pandemic, especially through the central bank’s soft loan programme, said Sakkapop Panyanukul, director […]
Read MoreDelays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April. “The business sector is concerned about the political situation as the process to set up a government does not […]
Read MoreGlobal online travel agents (OTAs) remain bullish about Thai tourism growth this year, driven by a strong wave of arrivals. Wilfred Fan, chief commercial officer at Klook, an online travel platform, said the company reported a 1,200% increase year-on year in bookings for activities in Thailand in the first five months of 2023. Klook’s top five […]
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