Facing headwinds in 2019, Thai economy looks better for 2020 The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. But…
Thai Economy faces headwinds in 2019 The Thai economy is projected to grow 3.8% in 2019, slightly below this year’s 4.2%. The main reason is slower growth in the global economy. This will lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. However, foreign direct investment and government stimulus measures…
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)…
Delayed Government nomination to weigh on economy in 2nd half the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts that delaying in the government establishment will affect the expenditure budget for the year 2020. Bangkok, 6 June 2019 (NNT) – As for the economic situation, the meeting of the Joint Standing Committee on Commerce, Industry and…
US-China Trade war escalates risking further slowdown in Thai exports The US government raised import tariffs on Chinese goods worth USD 200 billion from the previous rate of 10% since September 20181 to 25% starting 10 May 2019. The trade war that heats up once again is likely to weigh on Thai exports through 2…
Thailand showcases Innovative agricultural products The Institute for Agricultural Product Innovation has developed some 700 new products, and is ready to join forces with major retailers to sell them to customers. BANGKOK (NNT) – The Department of Foreign Trade has been promoting innovative agricultural products development through the Institute for Agricultural Product Innovation. Now, with some…
Food delivery business to reach THB33-35 billion in 2019 KResearch estimates that the food delivery business in 2019 will amount to THB33-35 billion, up 14 percent from the previous year Food delivery applications are an example of ‘digital disruption’, in which digital technology transforms not only consumer behavior but also restaurants’ food supply chains. KResearch…
Thai exports continued to contract by -2.6% YoY in April Thailand’s economy grew at its slowest pace since 2014 in the first quarter of this year as weaker global demand and trade tensions weighed on exports The value of Thai exports fell by -2.6% YoY in April 2019, a downward momentum continuing from negative growth…
Thailand’s manufacturing production index (MPI) sinks to 12-month low Both global and domestic economies have been weak, in part due to the trade war, which if prolonged would be manufacturers’ worst-case scenario. Thailand’s manufacturing production index (MPI) in April fell for the first time this year, dipping to its lowest level in 12 months to…
The State of eCommerce in Southeast Asia Mobile apps are playing a vital role in the development of e-commerce. According to a report by Google and Temasek, there are more than 350 million internet users in the six largest markets in Southeast Asia The Map of E-Commerce ranks Thailand’s top e-commerce players based on their…