Finance Ministry cuts economic growth outlook to 2.8% The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%. BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the…
EIC Export growth forecast for 2019 is maintained at -2.5% Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring…
Thai Labour minister calls meeting after U.S. GSP cut The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences. BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand,…
Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020 Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed The World Bank ranked Singapore second and Malaysia 12th in Doing Business 2020 report. In…
Out of 37 countries, Thailand has the worst pension system, says Bloomberg Thai Residents reports that on Sunday, Bloomberg published an article on the world’s best pension systems, using information gathered from the 2019 Melbourne Mercer Global Pensions Index. The survey looked at the pension systems of 37 countries with metrics including employee rights, savings,…
IMF and SCB lower Thai growth forecast under 3% IMF and SCB have joined other banks and organisations to predict Thai economic growth under 3% for 2019. Siam Commercial Bank’s (SCB) Economics Intelligence Center (EIC) has adjusted its Thailand 2019 economic growth projection from 3 percent down to 2.8 percent. The center has reported that…
Thailand drops to 40th in WEF Global Competitiveness Report Thailand’s competitiveness ranking has dropped two spots from 38th to 40th in the World Economic Forum’s Global Competitiveness Index rankings for 2019 Thailand is the 40 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report…
Samsung Electronics flags 56% fall in third quarter profits Samsung took advantage of the US trade ban against Chinese rival Huawei.” PHOTO: CNBC Samsung Electronics says it expects operating profits to drop more than 50% in Q3 amid a continued slump in the global chip market. Operating profits for July to September was expected to…