Growth of Thai economy lowest in nearly five years

Growth of Thai economy lowest in nearly five years

Growth of Thai economy lowest in nearly five years The Thai economy registered growth of just 2.3% in the second quarter of 2019, compared with 2.8% in the first quarter. This is the lowest rate of growth in 19 quarters, according to Tossaporn Sirisamphan, secretary-general of Thailand’s economic think-tank, the National Economic and Social Development…

Thai advertisers deserting Print, but love Cinema and Transit ads

Thai advertisers deserting Print, but love Cinema and Transit ads

Thai advertisers deserting Print, but love Cinema and Transit ads Thai businesses are shunning newspapers and magazines for advertising, but still support cinema advertising and ‘transit’ media. Newspaper advertising spend dropped nearly 28%. Magazine spending wasn’t far behind dropping nearly 25%, year on year. Thailand’s advertising spend dropped 0.42% year on year in July to…

Softening Chinese yuan no threat to Thai baht

Softening Chinese yuan no threat to Thai baht

Softening Chinese yuan no threat to Thai baht The Chinese yuan dropped sharply to its weakest level against the US dollar in more than a decade, raising fears of further dangerous escalation in the US-China trade war. Yesterday, the Chinese yuan dropped below the 7 yuan to the US dollar threshold, marking the first time…

Fruit farmers coping with oversupply and price slumps

Fruit farmers coping with oversupply and price slumps

Fruit farmers coping with oversupply and price slumps Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said. BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section…

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…

Restaurant business in Thailand…is it still worth investing ?

Restaurant business in Thailand…is it still worth investing ?

Restaurant business in Thailand…is it still worth investing ? Restaurant business tends to be constantly growing as a result of structural change like smaller household and changing consumer lifestyle. Restaurant business still has a chance to grow amidst economic fluctuation. EIC estimates a 4-5% business expansion in 2019-2020 as a result of changing population structure:…

Thailand’s food delivery business up 14% in 2019

Thailand’s food delivery business up 14% in 2019

Thailand’s food delivery business up 14% in 2019 “Diners are increasingly ordering food online platforms, and eating out at restaurants less.” We’re eating in more and dining out less. But we can still enjoy our favourite restaurant food. Welcome to the latest ‘disrupter’ making inroads to our eating habits. KResearch (a part of Kasikorn Bank)…

Asia’s Most Innovative Country in 2019 is Singapore

Asia’s Most Innovative Country in 2019 is Singapore

Asia’s Most Innovative Country in 2019 is Singapore Singapore (4th worldwide) has prioritised health and medicine in its national innovation strategy, including its AI development plan. Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly. Innovation and…

Thai Government to focus on EEC projects to propel economy

Thai Government to focus on EEC projects to propel economy

Thai Government to focus on EEC projects to propel economy PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on…