Consumer confidence index at its lowest point since the 1997/98 economic crisis Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday. The UTCC, which compiles the monthly reports, said that the index was its…
Thai shippers upbeat about 6-7% growth Thai shippers upgraded their export growth forecast to 6-7% this year from a 3-4% projection in December, helped by the global economic recovery, economic growth in major trading partners and healthy exports of industrial products such as automobiles, electrical appliances, equipment and parts, and oil-related products such as plastic…
Thai Rice Exports Drop 23% in First Quarter Year on Year Thailand’s rice exports fell by 23% in the first quarter year-on-year, to 1.13 million tons, because of higher prices than those offered by competitors. Thai Rice Exporters Association president Charoen Laothammatas said export value, from January to March, dropped to 21.8 billion baht, down…
Bank of Thailand Keeps Key Interest Rate at Record Low BANGKOK (NNT) – The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% on Wednesday, as the economy struggles with a third wave of COVID-19. The central bank said in a statement that economic growth…
Thailand increases durian exports to China by 14% this year Thailand has exported 14% more durian to China in this year’s first quarter over the same period last year. The Trade Negotiations Department Director General says Thai durian auctions in the first quarter secured 186 million, making up 88% of the total amount of Thai durian…
GDP forecast dropped to 1-2% with best, middle and worst case scenarios Mass vaccination will be the key stop the slump in economic growth after the Bank of Thailand revised their 2021 GDP forecast to between 1 – 2%. They had previously estimated a 3% growth in the gross domestic product but are now creating…
Thailand jumps on the electric bandwagon, aims to become EV production hub The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles. Nikkei Asia reports that big companies in Thailand are preparing to invest substantially in the greener mode of transport, after the National…
Thailand will launch new relief package worth 225 billion baht to help 51 million people The government will launch a new relief package, worth 225 billion baht, to help 51 million people affected by the latest wave of COVID-19. As part of the new measures, which will go before Cabinet next week, the government will…