Thai farmers income on the rise

Thai farmers income on the rise

Thai farmers income on the rise According to latest Agriculture Ministry’s survey, Thai farmers earned more income this year, as the output of rice, para rubber, fruit and corn has substantially increased. Bangkok, 20 June 2019 (NNT) – Last year, Thai farmers earned more income and enjoyed better quality produce, thanks to the government’s marketing…

Myth: Strong baht deterring western tourists to Thailand

Myth: Strong baht deterring western tourists to Thailand The rise and rise of the Thai Baht, and it’s pushing through the 31.05 to the US Dollar barrier on Wednesday, tops off a turbulent decade of current movement against some of the western currencies. The decade’s currency rise has also been matched by a meteoric explosion…

Aging society and skill shortage key issues in Thailand’s economy

Aging society and skill shortage key issues in Thailand’s economy

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 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…

EIC cuts 2019’s growth forecast to 3.3%.

EIC cuts 2019’s growth forecast to 3.3%.

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%

World Bank downgrades Thai growth to 3.5%

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…

Facing headwinds in 2019, Thai economy looks better for 2020

Facing headwinds in 2019, Thai economy looks better for 2020

Facing headwinds in 2019, Thai economy looks better for 2020 The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. But…

Thai Economy faces headwinds in 2019

Thai Economy faces headwinds in 2019

Thai Economy faces headwinds in 2019 The Thai economy is projected to grow 3.8% in 2019, slightly below this year’s 4.2%. The main reason is slower growth in the global economy. This will lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. However, foreign direct investment and government stimulus measures…

Delayed Government nomination to weigh on economy in 2nd half

Delayed Government nomination to weigh on economy in 2nd half

Delayed Government nomination to weigh on economy in 2nd half the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts that delaying in the government establishment will affect the expenditure budget for the year 2020. Bangkok, 6 June 2019 (NNT) – As for the economic situation, the meeting of the Joint Standing Committee on Commerce, Industry and…