Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q Agricultural sector contracted by drought effect while industrial sector’s deteriorated following the export-related production. Thailand’s economic growth in the second quarter of 2019 decelerated at 2.3%YOY, which is the slowest rate in nineteen quarters. This was significantly due to a drop in exports, both goods…
Baht to climb higher against USD, more pressure on exports The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may…
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% 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…
Weakening Thai Economy Suggests Trouble for Asia’s Top Assets June is shaping up to be one of the best months for investors in Thailand as the nation’s currency, bonds and stocks outperform in Asia, but the market rally now faces formidable economic and political risks. MARKET HIGHLIGHTS The benchmark SET Index has risen almost 7%,…
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 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% 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 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 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…