Bank of Thailand projects 2.8% economic growth for 2020 The overall national economic growth in 2020 is now projected to be 2.8% from the anticipated recovery of the export and investment figures The Bank of Thailand has announced a 2.8% growth projection for the Thai economy in 2020 thanks to a better performing export sector.…
ADB Trims Southeast Asia’s growth forecast to 4.4% Southeast Asia’s growth forecast is revised down slightly to 4.4% for 2019, as economic weakening in Singapore and Thailand prompts downward adjustments to their growth forecasts The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as…
Thai Cabinet approves new economic stimulus measures The Thai government has rolled out new stimulus measures intended to boost full-year economic growth to 2.8% The Thai Cabinet today approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana. The government expects the measures to propel full-year economic growth to…
Thai exports down 4.5% in October Thai Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry backgroundBANGKOK (NNT) –…
Thailand’s 2019 Forecast Cut to 2.6% as Q3 GDP slows to 0.1% On an annual basis, gross domestic product (GDP) rose 2.4% in the third quarter, less than the forecast 2.6%. Thailand’s economy grew at its slowest quarterly rate in a year in the third quarter, leading the government to cut this year’s growth estimate…
Finance Ministry cuts economic growth outlook to 2.8% The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%. BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the…
EIC Export growth forecast for 2019 is maintained at -2.5% Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring…
One million people register on first day of Chim-Shop-Chai program 10 million persons will be able to register themselves to receive a 1,000 baht allowance each in the government’s electronic money mobile application A total of a million people have registered to join the government’s Chim-Shop-Chai (Taste-Shop-Spend) program, under which each of them will receive…
Asia’s Economic Outlook Dims as Trade and Investment Weaken The slowdown in global trade coupled with a sharp downswing in the electronics cycle has pulled down forecasts for the PRC and the more open economies in East and Southeast Asia. Economic growth in developing Asia remains robust but prospects have further dimmed and risks to…
Thai duty free giant King Power considers move into UK hotel industry PHOTO: www.chillpainai.com The CEO of King Power, Aiyawatt Srivaddhanaprabha, says the group is considering a move into the hospitality sector in the UK. Speaking to the press yesterday, Aiyawatt says the idea comes at a time when property prices in the UK and…