Skål International heads to Phuket, June 2020 Tourism industry professionals from all over the world are expected to descend on Phuket between June 25-27, 2020, for the 49th edition of Skål Asia Congress. With more than 15,000 members in almost 90 different countries, Skål International is the world’s largest organisation of tourism professionals. Through countless local, national…
Thai GDP forecast cut to 3.3% to 3.8% THE National Economic and Social Development Council (NESDC) has adjusted down its GDP forecast from 4 per cent to 3.3 to 3.8 per cent, citing the impact on Thai exports from the escalating US-China trade war as the key factor. “The escalation of the trade war is…
Thai Growth Slumps to Weakest Since 2014 as Trade War Takes Toll (Bloomberg) — Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8% from a year ago, down from a revised 3.6% in the fourth quarter,…
Thai Economy likely to miss the 3.5% growth target Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and…
Thailand cooperates with Indonesia to push creative industries Both countries aim to develop target creative industries, especially the fashion industry, the design industry and the broadcasting industry BANGKOK, 14 MAY 2019 (NNT) – Thailand joins hands with Indonesia to push for creative industries starting with three major industries with a growth target of five percent…
The future of digital TV in Thailand Digital TV industry encounters pressures from both revenue and cost perspectives leading to a downward trend in operating margin In January 2019, the National Broadcasting and Telecommunications Commission (NBTC) approved in principle for recall of the 700MHz band, currently being used for digital terrestrial television, for 5G development…
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…