Thailand’s food delivery business up 14% in 2019 “Diners are increasingly ordering food online platforms, and eating out at restaurants less.” We’re eating in more and dining out less. But we can still enjoy our favourite restaurant food. Welcome to the latest ‘disrupter’ making inroads to our eating habits. KResearch (a part of Kasikorn Bank)…
Asia’s Most Innovative Country in 2019 is Singapore Singapore (4th worldwide) has prioritised health and medicine in its national innovation strategy, including its AI development plan. Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly. Innovation and…
Thai inflation climbed to 1.24% in March 2019 Core inflation stood at 0.58%YOY, stable from 0.60%YOY in the previous month following stagnated prepared food, housing rent and medical and personal care price index. Headline inflation surged to 1.24%YOY in March, up from 0.73%YOY in the previous month. Raw food and energy prices are the main drivers…
Thai Exports down 2.91% in the first half of 2019 Thai exports were down 2.15% in June, causing the sector to contract 2.91% in the first half of the year. BANGKOK, 22nd July 2019 (NNT) – The ongoing trade war between China and the United States continues to affect Thailand’s export sector. Last month, exports…
Thai Government to focus on EEC projects to propel economy PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on…
International credit rating agency gives Thailand a BBB+ economic report card Fitch Ratings has revised its outlook on Thailand’s Long-Term Foreign Currency Issuer Default Rating to “positive” from “stable” and upgraded the rating to BBB+. The revision reflects increasing international economic confidence that lingering political risks are unlikely to derail “sound macroeconomic management”, according to…
Economists predict Thai exports could fall 3.1% this year Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will…
Residential projects launched in June up, but sale 15% lower than May As many as 47 new residential projects were launched in Bangkok and its suburbs last month (June), 16 more than in May. This from the Agency for Real-Estate Affairs. The projects combine 13,943 units worth a total of 57.25 billion baht, with per-unit…
IMF cut global growth GDP in 2019 to 3.3% warning of higher risk The International Monetary Fund (IMF) announced its downward revision of global growth estimate in 2019 to 3.3%, down from 3.5%, and of global trade volume estimate to 3.4% from 4% The International Monetary Fund (IMF) announced its downward revision of global growth…
SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…