How the spectrum price affects 5G development in Thailand? A reasonable spectrum price is, therefore, a key concern for NBTC as it needs to balance between government benefits from the spectrum license fee and affordable price for mobile operators. For mobile operators, the spectrum price is the factor affecting their network investment in an early…
US Fed poised to cut rates this week “Hiring, while strong, has slowed. Business investment is moribund. Exports are weakening. And manufacturing – always a vital economic weather vane – is in recession.” by Douglas Gillison Facing a dauntingly uncertain economic horizon and constant criticism, including insults and demands for stimulus from the US president, the…
Large Thai business feeling the effects of US-China trade war, rise of the baht So what do Thailand’s big banks say? The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand. Wasin Saiyawan, senior executive vice president and chief of wholesale…
Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q Agricultural sector contracted by drought effect while industrial sector’s deteriorated following the export-related production. Thailand’s economic growth in the second quarter of 2019 decelerated at 2.3%YOY, which is the slowest rate in nineteen quarters. This was significantly due to a drop in exports, both goods…
16 countries agree to conclude RCEP talks by end of this month The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the…
PTT to invest 30bn ($967M) baht in EEC PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC) BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated…
SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…
New government should Speed up Thai-EU trade agreement Thai exports may lose market share in the European Union (EU) to neighboring ASEAN countries in the near future, if the EU can conclude bilateral trade deals with them. Thai exports to major markets are under pressure from the escalating trade war, which is likely to linger…
Weakening Thai Economy Suggests Trouble for Asia’s Top Assets June is shaping up to be one of the best months for investors in Thailand as the nation’s currency, bonds and stocks outperform in Asia, but the market rally now faces formidable economic and political risks. MARKET HIGHLIGHTS The benchmark SET Index has risen almost 7%,…
KBank’s Lao unit helps finance Bangkok Chain group for construction of hospital in Vientiane As part of its continual support for investment in Laos, Kasikornthai Bank Ltd, Lao PDR, has offered a financial facility to Bangkok Chain Hospital (BCH), a listed Thai company, for the construction of the 254-bed Kasemrad International Hospital Vientiane, which is…