KBank’s Lao unit helps finance Bangkok Chain group for construction of hospital in Vientiane As part of its continual support for investment in Laos, Kasikornthai Bank Ltd, Lao PDR, has offered a financial facility to Bangkok Chain Hospital (BCH), a listed Thai company, for the construction of the 254-bed Kasemrad International Hospital Vientiane, which is…
Tesco looks to open 750 new convenience stores in Thailand Tesco, the UK’s largest retailer, has announced that it could grow its business in Thailand by opening 750 new convenience-style stores. There are currently1,583 Tesco stores in Thailand. Tesco’s Asian investment plunge will likely target the Chinese and South Korean markets as well. The Thai subsidiary, Tesco…
ASEAN Economic Forum to focus on “Advancing Partnership for Sustainability” This year, as the ASEAN Chairman, Thailand has proposed the concept of “Advancing Partnership for Sustainability” as the main topic of 2019’s ASEAN Leaders Meeting. BANGKOK, 17 June 2019 (NNT) – At the 34th ASEAN Summit, Thailand will propose plans for promoting cooperation in various…
Aging society and skill shortage key issues in Thailand’s economy According to Moody’s latest Research Announcement, Thailand will sustain fiscal and external strength regardless of political developments; but structural challenges persist. 13 June 2019 Singapore, June 13, 2019 — —Thailand will likely maintain continuity on infrastructure investment, after the country’s recent election results. But its…
Thai vehicle production shrinks 6.11% YoY in May Thai vehicle production in May 2019 was 181,338 units, which is 6.11 percent lower than the previous year due to declines in both domestic and international markets. BANGKOK, 14 June 2019 (NNT) – The Thai vehicle production yield in May 2019 was lower by 6.11 percent year-on-year…
Fishermen say they will protest fishing bans off Nakhon Si Thammarat, Thailand Fishermen in Nakhon Si Thammarat are warning of mass protests against the provincial governor if he doesn’t act and allow them to fish legally in the seas off the provincial coast. The south Thailand fishermen say they’re being harassed by fishery officials. 500…
EIC cuts 2019’s growth forecast to 3.3%. EIC has revised down the forecast for Thailand’s GDP growth in 2019 to 3.3%, from the previous projection of 3.6%. The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP expanded by 2.8%YOY (compared to the same period last year), or 1.0%QOQ_sa (seasonally…
World Bank downgrades Thai growth to 3.5% This is the first time since the 1997-1998 Asian financial crisis that growth in the region has dropped below 6% according to the World Bank’s latest “Global Economic Prospects” report. Thailand’s 2019 GDP growth outlook is seen down to 3.5% from the 3.8% forecast in January, according to…
King Power wins Duty Free auction for Thailand’s main airports King Power is adding three regional airports to its duty-free concession portfolio after winning the bid for Suvarnabhumi BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which…
Private sector waits for new economic ministers to raise investor confidence The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of…