Thai Growth Slumps to Weakest Since 2014 as Trade War Takes Toll (Bloomberg) — Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8% from a year ago, down from a revised 3.6% in the fourth quarter,…
Thai Economy likely to miss the 3.5% growth target Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and…
The future of digital TV in Thailand Digital TV industry encounters pressures from both revenue and cost perspectives leading to a downward trend in operating margin In January 2019, the National Broadcasting and Telecommunications Commission (NBTC) approved in principle for recall of the 700MHz band, currently being used for digital terrestrial television, for 5G development…
Citi bullish on tech stocks outlook CITI Thailand, undaunted by the global economic slowdown and escalating trade war between the superpowers, is pressing ahead with the launch of a technology fund that it believes will beat other investment sectors. Don Charnsupharindr, director and retail banking head for Citi Thailand, said the company has partnered with…
Thai Property market : condo launches to slow to 61,000 – 64,000 units in 2019 More than 77 percent of respondents, who are interested in buying a condo between 2019-2020, said they want to purchase a condo as their residence Condominium developers are expected to face greater challenge in 2019 due to increasing economic uncertainty…
Thailand slashes 2019 exports estimates as trade war escalates Thai exporters are expected to pay a heavy price as the ramping up of the US-China trade war continues. The US has now launched a new round of tariffs on Chinese imports. Last Friday US President Donald Trump tweeted: “Talks with China continue in a very…
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…
Political uncertainty weighs on Thailand’s consumer confidence Thailand’s consumer confidence index (CCI) for the month of April sank to its lowest level in 16 months, dragged down by mostly by political uncertainty Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months.Thailand’s consumer confidence index…
Overall Thai household debt remains at a high level: BOT BANGKOK, 1 May 2019(NNT)-A study by the Bank of Thailand (BOT) has found that overall Thai household debt is still high. Government agencies are advised to maintain a policy to strictly supervise financial institutions’ lending, and provide information and an understanding of financial planning to…
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…