Thailand and ASEAN economic integration

Thailand and ASEAN economic integration

Thailand and ASEAN economic integration Amidst global challenges politically and economically the ten members of Association of Southeast Asian Nations or ASEAN willl need even more economic strength and bargaining power globally. The 34th ASEAN summit was held in Bangkok and one of the main aspect of the statement is to emphasize economic integration among…

Thai exports fell by -5.8%YOY in May 2019

Thai exports fell by -5.8%YOY in May 2019

Thai exports fell by -5.8%YOY in May 2019 Reported negative growth in May represented a seven-consecutive month decline, with growth plummeting to a 34-months lowest rate. The value of Thai exports fell by -5.8%YOY in May 2019, after a -2.6%YOY contraction in the previous month. Reported negative growth in May represented a seven-consecutive month decline,…

New government should Speed up Thai-EU trade agreement

New government should Speed up Thai-EU trade agreement

New government should Speed up Thai-EU trade agreement Thai exports may lose market share in the European Union (EU) to neighboring ASEAN countries in the near future, if the EU can conclude bilateral trade deals with them. Thai exports to major markets are under pressure from the escalating trade war, which is likely to linger…

Visitor numbers to rise 7% to 39-39.8 million in 2019

Visitor numbers to rise 7% to 39-39.8 million in 2019

Visitor numbers to rise 7% to 39-39.8 million in 2019 The overall annual visitor number this year is now expected to be 39-39.8 million, a 2-4% increase on last year. BANGKOK, 2 July 2019(NNT) – Visitor numbers in the latter half of 2019 are expected to reach 20.1 million following proactive marketing campaigns by tourism…

Kasikorn Bank lowers 2019 GDP growth forecast to 3.1%

Kasikorn Bank lowers 2019 GDP growth forecast to 3.1%

Kasikorn Bank lowers 2019 GDP growth forecast to 3.1% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from 3.7 to 3.1 percent, following Bank of Thailand lowering estimates from 3.8% to 3.3% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from…

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…

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…