Thai Finance Ministry expects 4 per cent GDP growth in 2021

Thai Finance Ministry expects 4 per cent GDP growth in 2021 BANGKOK, Nov 26 — The Finance Ministry of Thailand plans to expand the government’s co-payment economic stimulus scheme while foreseeing a 4per cent economic growth next year, Thai news agency (TNA) reported. Finance Minister Arkhom Termpittayapaisith said that the Thai economy was bottoming out…

US vows more business in Thailand

US vows more business in Thailand US businessmen have pledged to press on with their investment plans in Thailand and called on the government to maintain momentum in tourism stimulus projects and also ease travel restrictions to help get the economy back on track. Prime Minister Prayut Chan-o-cha on Wednesday met the US ambassador and…

Economist predicts economy will shrink 8.9% this year, despite easing of restrictions

Recovery momentum picks up in Q3

Recovery momentum picks up in Q3 Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house. GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, attributed to an…

Economist predicts economy will shrink 8.9% this year, despite easing of restrictions

Thailand’s exports shrink 7.26 pct for Jan-Oct period

Thailand’s exports shrink 7.26 pct for Jan-Oct period BANGKOK, Nov 23  — Thailand’s exports contracted 7.26 per cent to US$192.37 billion (US$1=RM4.08) while imports dropped 14.61 per cent to US$169.70 billion in the first 10 months of this year, resulting in a trade surplus of US$22.67 billion. In a statement, the Commerce Ministry’s trade policy and strategy…

Thailand promotes bioeconomy

Thailand promotes bioeconomy Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources and waste products to make value-added products, to support the country’s ambitious plan to make Thailand the biochemical industry hub of ASEAN by 2027. Bangkok (VNA) – Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources…