Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…
Exports contracted by -2.1%YOY in June, or -8.7% without Gold With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY. The value of Thai exports in June 2019 fell…
Thai exports could drop 0.6% in 2019 The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years. Dr. Aat Pisanwanich, Director of Center for International Trade Studies (CITS) of UTCC, said that total Thai exports this year are expected…
Restaurant business in Thailand…is it still worth investing ? Restaurant business tends to be constantly growing as a result of structural change like smaller household and changing consumer lifestyle. Restaurant business still has a chance to grow amidst economic fluctuation. EIC estimates a 4-5% business expansion in 2019-2020 as a result of changing population structure:…