Thailand ready to sign RCEP in mid-November Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle of this month, said the Bangkok Post on November 7. Bangkok (VNA) – Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle…
Thai private sector expects better economic recovery in Q4 The JSCCIB now expects the Thai economy in Q4, 2020 to continue recovering, with the annual performance this year expected to shrink to within the margin of -7 to -9 percent. BANGKOK (NNT) – The Thai economy is receiving a boost from government aid measures and…
Biden win would boost Thai economy: Research house BANGKOK (The Nation/ANN) — If Democratic candidate Joe Biden wins the US presidential election as polls predict, it will be a boon for US, global and Thai economies, said Kasikorn Research Centre. Americans are voting in the high-stakes election on Tuesday, though about 100 million have voted…
Inequality likely after economic recovery – Bank of Thailand governor It’s expected to take at least 2 years for Thailand’s economy to recover, but once it does, inequality is likely to become a top concern, according to the Bank of Thailand governor Sethaput Suthiwart-Narueput. “It is expected to take at least two years before the…
Free Trade Agreement talks continue between Thailand and EU Thailand is resuming trade talks with the European Union on the long-delayed Thai-EU free trade agreement. The 15th Thai-EU Senior Officials’ conference was held virtually between leading Thai and European trade officials this week. The push was on to have the Free Trade Agreement signed and…
Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors…
US cuts Thailand’s tariff benefits after long-running pork dispute Thailand’s duty-free privileges for US$817 million in exports with the US are to be revoked from the end of this year, according to US President Trump in an announcement yesterday. The President blamed a lack of progress in opening the Thai market to US pork products.…
Private sector worried over economic impact of political turmoil The private sector has expressed concern that escalating anti-establishment protests could impact the economy, the Thai Chamber of Commerce said on Wednesday. Foreign investors were eager to invest in Thailand but might change their mind if the political unrest remains unresolved, said the chamber’s chairman Kalin…
Government planning new strategies to boost economic recovery Energy minister and deputy PM Supattanapong Punmeechaow has outlined a number of strategies the government hopes will help the Thai economy recover from the Covid-19 fallout. The Eastern Economic Corridor, the special economic zone covering the eastern provinces of Rayong, Chon Buri and Chachoengsao, continues to eye…
IMF inches up Thailand’s GDP forecast from -7.7% to -7.1% The International Monetary Fund’s (IMF) has revised up Thailand’s economic outlook to a 7.1 percent contraction, from a 7.7 percent decline, due to the government’s measures to support the business sector. The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to…