Thai Labour minister calls meeting after U.S. GSP cut

Thai Labour minister calls meeting after U.S. GSP cut

Thai Labour minister calls meeting after U.S. GSP cut The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences. BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand,…

IMF and SCB lower Thai growth forecast under 3%

IMF and SCB lower Thai growth forecast under 3%

IMF and SCB lower Thai growth forecast under 3% IMF and SCB have joined other banks and organisations to predict Thai economic growth under 3% for 2019. Siam Commercial Bank’s (SCB) Economics Intelligence Center (EIC) has adjusted its Thailand 2019 economic growth projection from 3 percent down to 2.8 percent. The center has reported that…

Thailand drops to 40th in WEF Global Competitiveness Report

Thailand drops to 40th in WEF Global Competitiveness Report

Thailand drops to 40th in WEF Global Competitiveness Report Thailand’s competitiveness ranking has dropped two spots from 38th to 40th in the World Economic Forum’s Global Competitiveness Index rankings for 2019 Thailand is the 40 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report…

Retail in the age of social media

Retail in the age of social media E-commerce is becoming easier and faster, making it increasingly popular. Recently, Instagram introduced a shopping feature that allows users to purchase products within the app. Social media is transforming retail and expanding the e-commerce world. It goes without saying that the presence of social media in any retail…

Asian Development Bank drops growth forecast for Thailand

Asian Development Bank drops growth forecast for Thailand

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.…