Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters

Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters

Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters Thailand’s economic think-tank warned that something must be done quickly by the government, otherwise the economic situation will get worse. Thailand’s economic growth rate for the second quarter of this year registered at 2.3%, compared to 2.8% for the first quarter, which is the lowest…

PTT to invest 30bn ($967M) baht in EEC

PTT to invest 30bn ($967M) baht in EEC

PTT to invest 30bn ($967M) baht in EEC PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC) BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated…

Growth of Thai economy lowest in nearly five years

Growth of Thai economy lowest in nearly five years

Growth of Thai economy lowest in nearly five years The Thai economy registered growth of just 2.3% in the second quarter of 2019, compared with 2.8% in the first quarter. This is the lowest rate of growth in 19 quarters, according to Tossaporn Sirisamphan, secretary-general of Thailand’s economic think-tank, the National Economic and Social Development…

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…

Asia’s Most Innovative Country in 2019 is Singapore

Asia’s Most Innovative Country in 2019 is Singapore

Asia’s Most Innovative Country in 2019 is Singapore Singapore (4th worldwide) has prioritised health and medicine in its national innovation strategy, including its AI development plan. Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly. Innovation and…

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card Fitch Ratings has revised its outlook on Thailand’s Long-Term Foreign Currency Issuer Default Rating to “positive” from “stable” and upgraded the rating to BBB+. The revision reflects increasing international economic confidence that lingering political risks are unlikely to derail “sound macroeconomic management”, according to…

Economists predict Thai exports could fall 3.1% this year

Economists predict Thai exports could fall 3.1% this year

Economists predict Thai exports could fall 3.1% this year Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will…

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…

Political uncertainty takes toll on Thai growth

Political uncertainty takes toll on Thai growth

Political uncertainty takes toll on Thai growth The country’s growth rate is projected to fall from 4.1 percent in 2018 to 3.5 percent in 2019, according to the World Bank’s Thailand Economic Monitor, released today. According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.…