RCEP to lead trade, investment to Thailand: Thai expert BANGKOK, Nov. 18 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) trade agreement means a big opportunity for Thailand, leading trade and investment into the country, a Thai expert has said. Wisan Bubpwaet, senior consultant of Thailand Development Research Institute, told Xinhua on Tuesday that RCEP…
Deputy PM says rise of Thai baht is only temporary Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to…
EXIM Bank forecasts Thai exports growth as high as 4 per cent in 2021 EXIM Thailand President said that the Bank has forecasted Thai export growth of as high as 4% in 2021 attributable to a short-term recovery of global trade and economy from a low base of -10%. Such growth may not be so…
Economy shrinks 6.4% in busy Q3 Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is…
Thai Economy Sees Slower Contraction With Stimulus Spending (Bloomberg) — Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4% from a year ago, the National Economic and Social Development…
Thailand’s GDP contraction moderates to 6.4% in Q3 Worst days of COVID-19 are already past, economic planning agency insists BANGKOK — Thailand’s economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom’s economic planning agency said Monday. Gross domestic product shrank 6.4% on the…
Thai economy’s decline slows on eased lockdown, stimulus steps [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…
15 Asia-Pacific countries form the world’s largest trade bloc, the great RCEP reset After 8 gruelling years of negotiation, 15 countries have signed onto the largest free trade bloc in history. In a joint statement, the leaders of the countries, signatories of the trade deal, say RCEP (Regional Comprehensive Economic Partnership) will form a crucial…
Thai economy passed lowest point, to contract less than expected – officials BANGKOK (Reuters) – Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said. “We can say that our lowest point was in the second quarter,” Danucha…
Thai internet economy to triple in size to Bt1.6trn by 2025: Google Google forecasts Thailand’s internet economy will almost triple in size by 2025, from US$18 billion to $53 billion (Bt549 billion-Bt1.6 trillion). The findings come in the latest e-Conomy SEA Report 2020, which tracks the growth of online economies in Southeast Asia. The report…