Consumer confidence index at its lowest point since the 1997/98 economic crisis Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday. The UTCC, which compiles the monthly reports, said that the index was its…
Thailand increases durian exports to China by 14% this year Thailand has exported 14% more durian to China in this year’s first quarter over the same period last year. The Trade Negotiations Department Director General says Thai durian auctions in the first quarter secured 186 million, making up 88% of the total amount of Thai durian…
BoT slashes its GDP forecast again The Bank of Thailand (BoT) slashed Thailand’s economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines. The central bank’s previous estimate of growth of gross domestic product (GDP) was 3% but it now…
Thai cabinet approves $8.2bn relief to ease impact of new outbreak Loans and cash transfers aim to support consumer spending as economy slows BANGKOK (Reuters) — Thailand’s cabinet on Wednesday approved an additional economic relief package worth 255 billion baht ($8.2 billion) to help people affected by a third wave of coronavirus infections, the prime…
Thai export sector shows signs of recovery as global economy wakes from slumber Thailand’s international trade has been improving in line with the gradual recovery of the global economy, with Thai exports bringing in more than US$20 billion as of February. Though overall exports have dropped by 2.59 per cent year-on-year, export in the real…
Ministry sets up panel devoted to BCG economy The Industry Ministry has set up a new committee on bio-, circular and green (BCG) economy to step up efforts at putting Thailand on a path toward economic sustainability. The establishment came after the government declared the BCG economic model as a national agenda, hoping it will…
Thailand records higher exports of US$20.22 bln in February BANGKOK, March 25 — Thailand’s international trade has improved in line with the gradual recovery of the global economy, with its export value rising month-on-month to above US$20 billion (AS$1=RM4.12) in February. However, year-on-year (y-o-y), exports fell 2.59 per cent to US$20.22 billion (US$1=RM4.14), the Ministry of Commerce said. …
Thai central bank revises down 2021 growth to 3.0% Bank maintains policy rate but provides new $11 billion aid to business Bangkok — The Bank of Thailand revised down its 2021 growth forecast, as the resurgence of COVID-19 in Southeast Asia’s second largest economy over the last few months had led to the closure of…
High-end consumers to sustain Alist’s ambitions Alist Private Co, an importer and distributor of German cameras and equipment, is gearing up to expand its presence in Thailand despite unfavourable global and domestic economic conditions. The company opened a new 70-square-metre branch at Emporium shopping complex in Bangkok and is targeting 30% sales growth this year…
Thailand Will Focus on High Value-added Economy BANGKOK (NNT) – The next national economic and social development plan from 2022 to 2026 is aimed to provide Thailand a high value-added economy. National Economic and Social Development Council (NESDC) Secretary-General Danucha Pichayanan said the NESDC board has approved a development framework for the 13th national economic and…