Thailand’s excellent COVID-19 response prompts further investment by Japanese companies BANGKOK (NNT) – Private Japanese companies have expressed their satisfaction with Thailand’s COVID-19 prevention and response. With a low number of cases reported, the companies have increased confidence in the country and are expected to expand their investments. The President of the Japan External Trade…
PM asks public to cool down on selling their gold Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM…
Productivity is Key to Thailand’s Growth and Prosperity, says World Bank The Thai economy is projected to pick up moderately to 2.7 percent in 2020 as private consumption recovers and investment picks up due to the implementation of large public infrastructure projects. Thailand’s growth slowed to an estimated 2.5 percent in 2019 from 4.1 percent…
Investment promotion requests exceeded 750bn baht in 2019 BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal. An impressive 59% was in the Eastern Economic…
Thailand must start six EEC infrastructure projects this year To keep the momentum going, the Deputy Prime Minister, Dr. Somkid Jatusripitak, has instructed the Eastern Economic Corridor Policy Committee (EECPC) to ensure that six key infrastructure projects in the region begin this year. The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC…
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.…
Thailand’s FDI applications up 69% in the first nine months of 2019 The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI Thailand continued to attract rising…
Thailand may lift ban on foreign investors for some innovation sectors Thailand’s Commerce Ministry is considering whether to remove certain innovation-related businesses from the list of those open only to Thai citizens. The idea is being floated as a way of increasing foreign investment in Thailand, making the country a more attractive option for overseas…
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…
Asian Development Bank drops growth forecast for Thailand “The bank forecasts a slightly higher growth rate at 3.2% next year, due largely to infrastructure investment in the Eastern Economic Corridor.” The Asian Development Bank is lowering its growth forecast for Thailand’s economy from 3.9% to 3% but is optimistic that conditions will improve next year.…