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…
US-China Trade war escalates risking further slowdown in Thai exports The US government raised import tariffs on Chinese goods worth USD 200 billion from the previous rate of 10% since September 20181 to 25% starting 10 May 2019. The trade war that heats up once again is likely to weigh on Thai exports through 2…
Thai exports continued to contract by -2.6% YoY in April Thailand’s economy grew at its slowest pace since 2014 in the first quarter of this year as weaker global demand and trade tensions weighed on exports The value of Thai exports fell by -2.6% YoY in April 2019, a downward momentum continuing from negative growth…
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 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 “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,…
Thai GDP forecast cut to 3.3% to 3.8% THE National Economic and Social Development Council (NESDC) has adjusted down its GDP forecast from 4 per cent to 3.3 to 3.8 per cent, citing the impact on Thai exports from the escalating US-China trade war as the key factor. “The escalation of the trade war is…
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…
BOT eases jitters over currency THE chief of the central bank has sought to play down any concerns over the country’s potential inclusion on a US watch list for currency manipulation. Bank of Thailand (BOT) governor Veerathai Santiprabhob said there would be no concrete consequences if the US, as speculation suggests, is poised to add…