BOT eases jitters over currency THE chief of the central bank has sought to play down any concerns over the country’s potential inclusion on a US watch list for currency manipulation. Bank of Thailand (BOT) governor Veerathai Santiprabhob said there would be no concrete consequences if the US, as speculation suggests, is poised to add…
Export growth expected to be the lowest in four years Export growth for Thailand this year is is now being pegged at less that 1%, the lowest growth in four years. Mr. Ath Pisarnwanich, director of the International Trade Study Centre at the University of Thai Chambers of Commerce is saying the low growth is…
Citi bullish on tech stocks outlook CITI Thailand, undaunted by the global economic slowdown and escalating trade war between the superpowers, is pressing ahead with the launch of a technology fund that it believes will beat other investment sectors. Don Charnsupharindr, director and retail banking head for Citi Thailand, said the company has partnered with…
Thai Property market : condo launches to slow to 61,000 – 64,000 units in 2019 More than 77 percent of respondents, who are interested in buying a condo between 2019-2020, said they want to purchase a condo as their residence Condominium developers are expected to face greater challenge in 2019 due to increasing economic uncertainty…
Thai Union in multipronged approach THAI UNION GROUP, a world leader in seafood, is exploring new emerging markets to expand its business and investment, in order to enhance competitiveness. While the company will maintain its three major export markets – the United States, Europe and Japan – it now aims to further spread its products…
Thailand slashes 2019 exports estimates as trade war escalates Thai exporters are expected to pay a heavy price as the ramping up of the US-China trade war continues. The US has now launched a new round of tariffs on Chinese imports. Last Friday US President Donald Trump tweeted: “Talks with China continue in a very…
Government urged to implement new economic stimulus measures Bangkok – The Director of the UTCC’s Economic and Business Forecasting Center, Thanavath Phonvichai, says that the 25% tariff imposed by the US on Chinese goods could have an adverse impact on the global economy already facing a slowdown. The UTCC projected that Thai exports will grow by…
Property slowdown looms over Thai market The Thai cabinet has approved last week cutting both housing transfer and mortgage fees to 0.01% for 12 months Some developing economies from Thailand to Dubai and Brazil are facing double-digit real estate sales declines on the back of weakening domestic growth, says Bloomberg. Bangkok Aerial Photograph and Chao Phraya…
Thai mangosteens to re-enter Taiwan market soon Taipei, May 13 (CNA) Mangosteens from Thailand, which had been banned from Taiwan for 16 years following a fruit fly outbreak, will again be allowed to enter Taiwan market as soon as July. The ban will be lifted because Thailand has complied with Taiwan’s quarantine requirements, Chen Junne-jih…
First Latin America fam trip trade meet in Thailand In 2018, Thailand hosted 202,106 visitors from Latin America, generating approximately 15 billion Baht or 500 million US dollars in revenue Bangkok, May 8, 2019 – The Tourism Authority of Thailand (TAT) recently hosted 40 top tour operators and travel experts from five Central and Latin American…