Government urged to implement new economic stimulus measures Bangkok – The Director of the UTCC’s Economic and Business Forecasting Center, Thanavath Phonvichai, says that the 25% tariff imposed by the US on Chinese goods could have an adverse impact on the global economy already facing a slowdown. The UTCC projected that Thai exports will grow by…
Property slowdown looms over Thai market The Thai cabinet has approved last week cutting both housing transfer and mortgage fees to 0.01% for 12 months Some developing economies from Thailand to Dubai and Brazil are facing double-digit real estate sales declines on the back of weakening domestic growth, says Bloomberg. Bangkok Aerial Photograph and Chao Phraya…
Insurers to pay 100 million baht to SET for riot damage Thailand’s Supreme Court has ordered six insurance companies to pay the Stock Exchange of Thailand (SET), Thailand Securities Depository and Family Knowhow Company 100 million baht in total compensation. The compensation is granted for damage caused to the SET building and valuables contained therein…
Thai baht lowest since January The Thai baht has been Asia’s best-performing currency during Q1, 2019. But things appear to be losing momentum as the baht falls to its lowest since January. The Thai baht weakened to as low as 32.035 per dollar, the lowest level since January 10th and falling through the psychological support…
Thai economy to grow 3.6% in 2019 Thai economy this year is now expected to grow at 3.6%, showing minor signs of deceleration due to the global economy BANGKOK, 27 April 2019 (NNT) – The overall Thai economic prospects still see continuous growth potential from private investments and tourism, while the establishment of an elected…
SET signs MoU with Shenzhen bourse to strengthen Thailand-China capital market The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MoU) with Shenzhen Stock Exchange (SZSE) SET signs MoU with SZSE to strengthen Thailand-China capital market collaboration BANGKOK, April 23, 2019 – The Stock Exchange of Thailand (SET) signed a memorandum of understanding…
Four major EEC infrastructure projects reviewed The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC) BANGKOK, 24 April 2019(NNT) – The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC). All projects will be able to be included in the joint venture signing in May. They will…
Equitable investment in human capital is vital for Thailand’s future Thailand has transitioned from a low-income to an upper middle-income country in a single generation. Poverty has declined to 7.1 percent in 2015 – as measured by the international upper-middle income class poverty line – and access to basic education and health has become nearly…
Thailand’s Human Capital Key to Long-Term Growth Investing in human capital and pursuing economic reforms is critically important for Thailand to become a high-income nation Amid a global slowdown and elevated trade tensions, the Thai economy is projected to grow by 3.8 percent in 2019 and 3.9 in 2020, according to the World Bank’s Thailand…
Thailand is ‘least miserable’ country in the world again Thai PM Prayut Chan-o-cha says he’s delighted over Thailand’s rating as the “least miserable” economy in the latest Bloomberg Misery Index. The annual Misery Index is calculated as the sum of a country’s inflation and unemployment rates. The index compares the average of economists’ forecasts for each country. The US…