The slowing world economy, widespread domestic drought and the deadly virus outbreak have prompted the private sector to lower the export forecast to a 1.8% contraction this year. Sanan Angubolkul, vice-chairman of Thai Chamber of Commerce, said representatives from many trade associations were consulted before the forecast of US$242 billion for export value was decided. […]
Read MoreThe World Bank has warned that Thailand’s average annual economic growth will be stuck below 3% if there is no significant increase in investment and productivity growth. The recent growth slowdown suggests long-run structural constraints, with slowing investment and low productivity growth, according to the World Bank’s Thailand Economic Monitor report. Productivity growth fell to […]
Read MoreAn economic stimulus package to allow Thai citizens to buy goods at duty-free shops in three southern border provinces will be tabled for approval at a mobile cabinet meeting in Narathiwat on Monday and Tuesday, an official said on Sunday. The package is designed to boost the economy in Pattani, Yala and Narathiwat, said Chakkrit […]
Read MoreFrom selfie-obsessed tourists to massive bilateral trade and property investment, China’s presence in Thailand cannot be overlooked. The interconnectedness between the economies of Thailand and China rose more than 10 times between 1985 and 2013, with bilateral trade, investment and tourism identified as the main beneficiaries from higher interconnectedness, according to the Thailand Development Research […]
Read MoreLocations near three new mass transit lines — Orange, Pink and Yellow — are the top five hotspots for new condo supply being launched in 2020, with large developers dominating the market. Phattarachai Taweewong, associate director of property consultant Colliers International Thailand’s research department, said these locations have attracted condo developers because land prices are […]
Read MoreForeign investors are expected to continue selling Thai government bonds to the tune of almost Bt100 billion this year, according to the Thai Bond Market Association (ThaiBMA) which also predicted the central bank cutting its benchmark rate in the current quarter. ThaiBMA President Tada Phutthitada said on Thursday (January 16) that foreign investors made net […]
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Thailand
