Thai exports fell by -5.8%YOY in May 2019

Thai exports fell by -5.8%YOY in May 2019

Thai exports fell by -5.8%YOY in May 2019 Reported negative growth in May represented a seven-consecutive month decline, with growth plummeting to a 34-months lowest rate. The value of Thai exports fell by -5.8%YOY in May 2019, after a -2.6%YOY contraction in the previous month. Reported negative growth in May represented a seven-consecutive month decline,…

Visitor numbers to rise 7% to 39-39.8 million in 2019

Visitor numbers to rise 7% to 39-39.8 million in 2019

Visitor numbers to rise 7% to 39-39.8 million in 2019 The overall annual visitor number this year is now expected to be 39-39.8 million, a 2-4% increase on last year. BANGKOK, 2 July 2019(NNT) – Visitor numbers in the latter half of 2019 are expected to reach 20.1 million following proactive marketing campaigns by tourism…

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…

Thai vehicle production shrinks 6.11% YoY in May

Thai vehicle production shrinks 6.11% YoY in May Thai vehicle production in May 2019 was 181,338 units, which is 6.11 percent lower than the previous year due to declines in both domestic and international markets. BANGKOK, 14 June 2019 (NNT) – The Thai vehicle production yield in May 2019 was lower by 6.11 percent year-on-year…

EIC cuts 2019’s growth forecast to 3.3%.

EIC cuts 2019’s growth forecast to 3.3%.

EIC cuts 2019’s growth forecast to 3.3%. EIC has revised down the forecast for Thailand’s GDP growth in 2019 to 3.3%, from the previous projection of 3.6%. The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP expanded by 2.8%YOY (compared to the same period last year), or 1.0%QOQ_sa (seasonally…

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…

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…