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…
Digital technology is drastically reshaping Thai media “…journalism has never died despite the disruption. It’s just that media organisations and reporters are unable to survive because they cannot adjust to changes.” The Thaiger is a news and information portal, just one of a growing number of ‘disruptive media’ replacing traditional media and news outlets. It…
Thai advertisers deserting Print, but love Cinema and Transit ads Thai businesses are shunning newspapers and magazines for advertising, but still support cinema advertising and ‘transit’ media. Newspaper advertising spend dropped nearly 28%. Magazine spending wasn’t far behind dropping nearly 25%, year on year. Thailand’s advertising spend dropped 0.42% year on year in July to…
Thai inflation climbed to 1.24% in March 2019 Core inflation stood at 0.58%YOY, stable from 0.60%YOY in the previous month following stagnated prepared food, housing rent and medical and personal care price index. Headline inflation surged to 1.24%YOY in March, up from 0.73%YOY in the previous month. Raw food and energy prices are the main drivers…
Thai Government to focus on EEC projects to propel economy PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on…
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…
TAT target 10% growth in 2020 with quality markets and responsible tourism TAT has set clear directions to move the Thai tourism industry out of mass tourism and towards responsible tourism with an emphasis on revenue-generating quality tourists. Bangkok, 9 July 2019 – Gearing up to mark its 60th anniversary in 2020, the Tourism Authority of…
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,…
Thai Cross Border Trade up 2.31% in First 5 Months of 2019 The border trade and cross border trade in the first five months of 2019 was worth over 570 billion baht, up 2.31 percent and continuing to grow well, unlike the total exports of the country which declined by 2.7 percent in the first…
Thai farmers income on the rise According to latest Agriculture Ministry’s survey, Thai farmers earned more income this year, as the output of rice, para rubber, fruit and corn has substantially increased. Bangkok, 20 June 2019 (NNT) – Last year, Thai farmers earned more income and enjoyed better quality produce, thanks to the government’s marketing…