Aging society and skill shortage key issues in Thailand’s economy

Aging society and skill shortage key issues in Thailand’s economy

Aging society and skill shortage key issues in Thailand’s economy According to Moody’s latest Research Announcement, Thailand will sustain fiscal and external strength regardless of political developments; but structural challenges persist. 13 June 2019 Singapore, June 13, 2019 — —Thailand will likely maintain continuity on infrastructure investment, after the country’s recent election results. But its…

World Bank downgrades Thai growth to 3.5%

World Bank downgrades Thai growth to 3.5%

World Bank downgrades Thai growth to 3.5% This is the first time since the 1997-1998 Asian financial crisis that growth in the region has dropped below 6% according to the World Bank’s latest “Global Economic Prospects” report. Thailand’s 2019 GDP growth outlook is seen down to 3.5% from the 3.8% forecast in January, according to…

Facing headwinds in 2019, Thai economy looks better for 2020

Facing headwinds in 2019, Thai economy looks better for 2020

Facing headwinds in 2019, Thai economy looks better for 2020 The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. But…

Thai Economy faces headwinds in 2019

Thai Economy faces headwinds in 2019

Thai Economy faces headwinds in 2019 The Thai economy is projected to grow 3.8% in 2019, slightly below this year’s 4.2%. The main reason is slower growth in the global economy. This will lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. However, foreign direct investment and government stimulus measures…

Delayed Government nomination to weigh on economy in 2nd half

Delayed Government nomination to weigh on economy in 2nd half

Delayed Government nomination to weigh on economy in 2nd half the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts that delaying in the government establishment will affect the expenditure budget for the year 2020. Bangkok, 6 June 2019 (NNT) – As for the economic situation, the meeting of the Joint Standing Committee on Commerce, Industry and…

The State of eCommerce in Southeast Asia

The State of eCommerce in Southeast Asia

The State of eCommerce in Southeast Asia Mobile apps are playing a vital role in the development of e-commerce. According to a report by Google and Temasek, there are more than 350 million internet users in the six largest markets in Southeast Asia The Map of E-Commerce ranks Thailand’s top e-commerce players based on their…

Ministry of Digital for Economy launches Cloud Service

Ministry of Digital for Economy launches Cloud Service

Ministry of Digital for Economy launches Cloud Service Cloud Service can be used immediately by government agencies and the project plans to open Cloud Computing orientation courses for over 2,500 government officials. The Ministry of Digital for Economy and Society has launched Cloud Service for the public sector in Thailand In cooperation with the Committee…

Incomes on the rise for Thai expats

Incomes on the rise for Thai expats

Incomes on the rise for Thai expats “The Thai economy has continued to see an upward trend in recent years, with a steady and sustained increase in overseas business…” The pay and benefits packages of expats in Thailand has seen a major increase, with the overall package of an average overseas worker increasing by US$27,917,…