Investment promotion requests exceeded 750bn baht in 2019

Investment promotion requests exceeded 750bn baht in 2019

Investment promotion requests exceeded 750bn baht in 2019 BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal. An impressive 59% was in the Eastern Economic…

Thailand must start six EEC infrastructure projects this year

Thailand must start six EEC infrastructure projects this year

Thailand must start six EEC infrastructure projects this year To keep the momentum going, the Deputy Prime Minister, Dr. Somkid Jatusripitak, has instructed the Eastern Economic Corridor Policy Committee (EECPC) to ensure that six key infrastructure projects in the region begin this year. https://youtu.be/SZoBaCzpJvI The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the…

ECONOMICSThai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot) Thailand’s economy continued on a downward trend in November with exports contracting by 7.7 percent from the same period last year According to Bot’s latest Press Release, the Thai economy continued to be on a decelerating trend in November, prompting the Central Bank to use the exact same words from its previous…

Southeast Asia’s growth forecast is revised down slightly to 4.4% for 2019, as economic weakening in Singapore and Thailand prompts downward adjustments to their growth forecasts

ADB Trims Southeast Asia’s growth forecast to 4.4%

ADB Trims Southeast Asia’s growth forecast to 4.4% Southeast Asia’s growth forecast is revised down slightly to 4.4% for 2019, as economic weakening in Singapore and Thailand prompts downward adjustments to their growth forecasts The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as…

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures The Thai government has rolled out new stimulus measures intended to boost full-year economic growth to 2.8% The Thai Cabinet today approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana. The government expects the measures to propel full-year economic growth to…

Thai exports down 4.5% in October

Thai exports down 4.5% in October

Thai exports down 4.5% in October Thai Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry backgroundBANGKOK (NNT) –…

Thais are tightening their belts and spending less – survey

Thais are tightening their belts and spending less – survey

Thais are tightening their belts and spending less – survey Nearly 70% said they’ve reduced spending on things like travel, shopping, parties and luxury goods.” Thais are tightening their belts and reducing their spending to weather the country’s growing stumbling economy, according to a Dusit Poll survey. The poll was conducted November 19-23 and surveyed…