Bank cuts Thai 2020 GDP growth outlook to 2.7% SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019 SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020…
Productivity is Key to Thailand’s Growth and Prosperity, says World Bank The Thai economy is projected to pick up moderately to 2.7 percent in 2020 as private consumption recovers and investment picks up due to the implementation of large public infrastructure projects. Thailand’s growth slowed to an estimated 2.5 percent in 2019 from 4.1 percent…
Three massive condo developments along Phuket’s up-market Layan Beach by Bill Barnett – c9hotelworks.com Two new condo developments are going ahead in the Layan Beach area of Phuket’s up-market west-coast beach strip. And there’s another one underway next to the Dream Beach Club at the northern end of the Layan beach strip. All in all, another…
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…
US Treasury mulls putting Thailand on its ‘watchlist’ as a currency manipulator Thailand’s trade surplus with the US has now exceeded US$20 billion. Bloomberg reports that this could trigger the Thai currency to be added to the US Treasury’s watchlist of “currency manipulators”. According to US Census Bureau data, the surplus reached US$20.05 billion in…
Two out of three CEOs say the 2020 Thai economy will not improve – Survey Many CEOs, based in Thailand, don’t expect Thailand’s economy to improve during 2020. Many surveyed cited global economic uncertainties, according to the “CEO Survey” of 100 individuals. The survey was conducted by Krungthep Thurakit newspaper a month ago. Around 68.4%…
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. The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC…
Starbucks Thailand introduces paper straws from next Monday The Thai operators of Starbucks Coffee says it will provide paper straws to customers at all stores across Thailand starting next Monday, January 6. The announcement is most likely in response to the national mood to reduce usage of single-use plastic items although the local Starbucks franchise…
Forecasts for Bangkok property 2020 – CBRE A supply influx of new office space is on the way while the overall retail industry faces low consumer confidence. But, in 2019, the number of Chinese tourists to Thailand has started recovering, says CBRE, an international property consultant. Bangkok Office Market The office market in Bangkok continues…
Bank of Thailand projects 2.8% economic growth for 2020 The overall national economic growth in 2020 is now projected to be 2.8% from the anticipated recovery of the export and investment figures The Bank of Thailand has announced a 2.8% growth projection for the Thai economy in 2020 thanks to a better performing export sector.…