Forecasts for Thai export growth revised upwards The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight…
Emerging Asia’s Growth Prospects To 18-Year Low (ADB) Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020. Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions,…
Thai Economy Projected To Expand 3.8% (BoT) Addressing the Japanese Chamber of Commerce (JCC) Thailand Dinner Talk on the 27 March 2019, Dr. Veerathai Santiprabhob Governor of the Bank of Thailand said the Thai economy is projected to continue to expand around its potential, and economic growth this year will slightly moderate to 3.8 percent.…
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…
New Business Surge New Business Registrations Surge as 2019 Begins The Director-General of the Department of Business Development, Mr Wuti Kraiweeraphan, revealed an extreme growth in new businesses for January in Thailand, compared to the previous month and the same month last year. Factors that Mr. Wuti accounted for this were investment promotion by the…
Five Things You Need to Know to Start Your Day Troubled Deutsche Bank has abandoned attempts to turn the ailing firm around and agreed to explore merger talks with Commerzbank, a bunch of central banks in Asia meet this week as well as the Fed and the BOE, with all expected to stand pat on…
Thai Economic Growth Strengthens in Fourth-Quarter but Election Could Impact 2019 PACE Cars pass a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy grew at its best pace in six years in 2018, with fourth-quarter beating…
Thailand Becoming Production Hub For Heavy Trucks Thailand is fast becoming a major SE Asia production hub for medium and heavy commercial vehicle Scania (Sweden) and Hino (Japan) have recently updated their heavy commercial vehicle offering in Thailand. Thailand is fast becoming a major SE Asia production hub for medium and heavy commercial vehicles, with…
No major harm to Thailand from Brexit, say experts EXPERTS PREDICT that Brexit will have a limited impact on the Thai economy, saying that the biggest loser will be the United Kingdom itself. On Tuesday, UK lawmakers rejected May’s Brexit agreement proposal by 391 to 242 votes in the House of Commons. On Wednesday, the…
Siam Piwat Announces Commitment to Be Leader in Creative Economy Celebrates 60th anniversary of success with quantum growth reinforcing position as leader in Creative Economy in retail and property development Goes beyond domestic competition to lead Thailand to the world stage Teams up with world-class partners to build cities, grow retail industry andcreate mega-phenomena Works with…