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…
Will Asian Economies Dominate The World In 2050? Out of the 10 largest world economies of the world, four will be from Asia with China and India leading the world by 2050, according to the PwC report. Key findings The report sets out our latest long-term global growth projections to 2050 for 32 of the largest…
Trade Wars Are A Matter Of Perspective: US-China Tensions Could Boost Thai Economy For Thailand, tensions between China and the US could actually have a positive effect Trade wars are a natural part of politics and, in turn, economics. Although the current back-and-forth between the US and China is dominating the headlines, disputes have always…
Thailand’s Investment Outlook For 2019 Any political instability due to the upcoming elections could pose a risk to Thailand’s economic expansion. Although the country’s growth rate is among the lowest in ASEAN, Thailand serves as a gateway to one of the world’s most dynamic markets. In the 2019 World Bank Group report, Thailand garnered a…
The Fiscal Policy Office reports that last year’s economic growth could hit the 4.1% mark, expecting the Thai GDP to expand at a rate of 4% this year. Estimating last year’s economic figures ahead of an official announcement, Director of the Fiscal Policy Office (FPO), Lawaron Sangsanit, said today that Thailand’s 2018 GDP growth would…
Thailand welcomed a record 38.27 million tourists in 2018. That’s up 7.5 percent from 2017 arrival figures. The Thai tourism ministry announced the figures this morning. In December, tourist arrivals amounted to 3.85 million. The ministry is also expecting the number of tourists visiting Thailand in 2019 to increase by another 7.5 percent. For 2019, the ministry…
Thanks to Thailand’s walloping US$207 billion of foreign reserves, Thai baht’s climb of about 5% against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. This may be good news if you plan to travel abroad, but not so good if your business is exporting…
The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic…
In 2016, the average occupancy rate rose from the previous year’s 65.1% to 67.8% Occupancy rates and revenue for hotels will tend to grow in line with continuing growth momentum of the markets for both domestic and international tourism, in particular for increases in the number of Chinese tourists coming to Thailand, who currently account…
Automobile manufacturing has long been the pillar industry of the Thai economy In 2017, the output value of automobile manufacturing accounted for more than 10% of Thailand’s GDP. With its superior geographic location and government support, Thailand has become the largest automobile producer in Southeast Asia, and is called the Detroit of Asia. Automobile manufacturing…