ADB Cuts Thai Growth Outlook To 4.3%

ADB Cuts Thai Growth Outlook To 4.3%

The Asian Development Bank (ADB) has slashed its economic growth forecasts for Thailand to 4.3% this year and 4.1% next year as the global economy sputters. The growth forecast for 2018 was trimmed from 4.5% predicted in September to 4.3% after the third quarter expansion slowed to 3.3% from 4.6% in the second quarter, according…

Thailand Sees Strong Year End Economic Growth

Thailand Sees Strong Year End Economic Growth

The Deputy Prime Minister for Economic Affairs has revealed that Thailand’s GDP growth this year is likely to end above four percent and that over 2 trillion baht is to be invested by the state in mega projects next year.  Speaking at Thailand’s Economic Outlook 2019, Deputy Prime Minister Somkid Jatusripitak pointed out that if 3.3…

Southeast Asia Internet Economy To Be Worth $240bn By 2025

Southeast Asia Internet Economy To Be Worth $240bn By 2025

The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025 But this year, the same researcher sees such drastic market acceleration that it now expects that number to be closer to $240 billion Southeast Asia’s internet economy, including e-commerce, online travel and online media, will be worth $240 billion by 2025, according…

Thailand BOI’s Tax Incentive To Support Infrastructure Development For EEC

Thailand BOI’s Tax Incentive To Support Infrastructure Development For EEC

The investment incentive scheme is aimed to increase investors’ confidence and success opportunity. With the biddings for the development of both projects planned for late 2018, BOI has offered the incentive scheme to attract more investors To drive concrete development of the Eastern Economic Corridor (EEC), Thailand’s Board of Investment (BOI) has recently approved investment incentive scheme.…

4 Technologies That Will Disrupt The Petrochemical Industry

Technological advances and scientific innovations will play a great role in the years to come, and the petrochemical industry is no exception As an extraction technology, fracking is capable of extracting a large quantity of natural gas, which can, in turn, be made into petrochemical raw materials. Technological advances and scientific innovations will play a…

Thailand Ranks 38th In Revamped Global Competitiveness Index

Almost 40 years after its first annual assessment of the global economy, the Forum’s 2018 report changes methodology to asses Global Competitiveness Thailand scores 67.5 to rank 38th in the new index reoriented towards future technology-driven growth How well countries adapt to the Fourth Industrial Revolution (4IR) will determine whether they ‘thrive’ or ‘stagnate’ and…