Thai Government to focus on EEC projects to propel economy

Thai Government to focus on EEC projects to propel economy

Thai Government to focus on EEC projects to propel economy PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on…

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…

Heroleads Thailand expands regional footprint with acquisition of Bdigital Indonesia

Heroleads Thailand expands regional footprint with acquisition of Bdigital Indonesia

Heroleads Thailand expands regional footprint with acquisition of Bdigital Indonesia Data-driven performance marketing company Heroleads (Thailand) has spread its wings to Indonesia by acquiring Bdigital, a local digital marketing agency, to form Heroleads Indonesia. The aim is to expand Heroleads digital performance solutions business for both medium and large enterprises to Indonesia and replicate the…

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…