Somkid’s departure sees baht drop further

Deputy PM says rise of Thai baht is only temporary

Deputy PM says rise of Thai baht is only temporary Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to…

Economy shrinks 6.4% in busy Q3

Economy shrinks 6.4% in busy Q3 Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is…

What’s wrong with Thailand?

What’s wrong with Thailand? Five ambassadors urged to open up Thailand to foreign skilled labour, cut red tape on foreign investment to allow Thailand to move in the top 10 of the World’s Bank’s ease of doing business index Thailand has made very impressive gains in recent years in the World Bank’s Ease of Doing…

Thai Economy Sees Slower Contraction With Stimulus Spending

Thai Economy Sees Slower Contraction With Stimulus Spending

Thai Economy Sees Slower Contraction With Stimulus Spending (Bloomberg) — Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4% from a year ago, the National Economic and Social Development…

Thailand’s GDP contraction moderates to 6.4% in Q3

Thailand’s GDP contraction moderates to 6.4% in Q3 Worst days of COVID-19 are already past, economic planning agency insists BANGKOK — Thailand’s economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom’s economic planning agency said Monday. Gross domestic product shrank 6.4% on the…

Large Thai business feeling the effects of US-China trade war, rise of the baht

Thai economy’s decline slows on eased lockdown, stimulus steps

Thai economy’s decline slows on eased lockdown, stimulus steps [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…

Economy shrinks 6.4% y/y in Q3, less than expected

Economy shrinks 6.4% y/y in Q3, less than expected [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…