Thai Growth Slumps to Weakest Since 2014 as Trade War Takes Toll (Bloomberg) — Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8% from a year ago, down from a revised 3.6% in the fourth quarter,…
Thai Property market : condo launches to slow to 61,000 – 64,000 units in 2019 More than 77 percent of respondents, who are interested in buying a condo between 2019-2020, said they want to purchase a condo as their residence Condominium developers are expected to face greater challenge in 2019 due to increasing economic uncertainty…
Thai Union in multipronged approach THAI UNION GROUP, a world leader in seafood, is exploring new emerging markets to expand its business and investment, in order to enhance competitiveness. While the company will maintain its three major export markets – the United States, Europe and Japan – it now aims to further spread its products…
Thai mangosteens to re-enter Taiwan market soon Taipei, May 13 (CNA) Mangosteens from Thailand, which had been banned from Taiwan for 16 years following a fruit fly outbreak, will again be allowed to enter Taiwan market as soon as July. The ban will be lifted because Thailand has complied with Taiwan’s quarantine requirements, Chen Junne-jih…
Overall Thai household debt remains at a high level: BOT BANGKOK, 1 May 2019(NNT)-A study by the Bank of Thailand (BOT) has found that overall Thai household debt is still high. Government agencies are advised to maintain a policy to strictly supervise financial institutions’ lending, and provide information and an understanding of financial planning to…
Thai Cabinet extends waiver of Visa On Arrival fees Thailand’s Cabinet has extended the waiver of the fees for ‘visa on arrival’ for some foreign tourists to Thailand. The waiver of the 2,000 baht VOA fee will be extended to at least October 31. The fee had previously been waived until January 14 this year in…
Thai baht lowest since January The Thai baht has been Asia’s best-performing currency during Q1, 2019. But things appear to be losing momentum as the baht falls to its lowest since January. The Thai baht weakened to as low as 32.035 per dollar, the lowest level since January 10th and falling through the psychological support…
BOI, Fiscal Policy Research Institute Foundation arrange “Creating Thai Investors in Foreign Countries” training program BANGKOK, 29 April 2019 (NNT) – To promote Thai investment abroad, all sectors must help one another boost competitiveness. However, it is necessary to invest in what that country needs, which will help strengthen the Thai business sector. The Office of…
Thai economy to grow 3.6% in 2019 Thai economy this year is now expected to grow at 3.6%, showing minor signs of deceleration due to the global economy BANGKOK, 27 April 2019 (NNT) – The overall Thai economic prospects still see continuous growth potential from private investments and tourism, while the establishment of an elected…
Four major EEC infrastructure projects reviewed The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC) BANGKOK, 24 April 2019(NNT) – The Thai government is advancing four infrastructure projects in the Eastern Economic Corridor (EEC). All projects will be able to be included in the joint venture signing in May. They will…