Asian shares skid despite US economic stimulus deal In Asia, new COVID-19 outbreaks have led authorities to impose lockdowns or other restrictions in Australia and Thailand Shares started the week out on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that US lawmakers finally have a deal on more support for American families…
Thai economy to grow 3.8% in 2021 says EIC The Economic Intelligence Center (EIC) of Siam Commercial Bank (SCB) has forecast that the Thai economy will grow 3.8 percent next year. BANGKOK (NNT) – With the government’s stimulus measures being the main driver of economic recovery, the Economic Intelligence Center (EIC) of Siam Commercial Bank…
Kasikorn Research expects Thailand’s GDP to grow 2.6% in 2021 The Thai economy has been showing signs of recovery, thanks to the government’s many stimulus measures and Kasikorn Research Center has predicted that the 2021 GDP will grow 2.6% next year. Kasikorn Research Center has predicted that the 2021 GDP will grow 2.6%, suggesting the government…
Thailand plans economic restructuring to attract foreign investment The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract…
Domestic headwinds hinder recovery Thailand’s economy is projected to recover slowly because of downside risks from domestic headwinds despite upbeat signals about Covid-19 vaccine development, says KKP Research. Although the economy gained traction in the third quarter, the economic recovery outlook remains fragile and uneven for different sectors and throughout Thailand, according to a report…
Thai Industry Demands Tougher Currency Measures to Save Exports (Bloomberg) — Thailand must check the runaway gain in its currency as it makes it harder for exporters to compete in the global market and drive an economic recovery, according to the nation’s largest industry group. Authorities should curb foreign capital inflows if they continue to…
Thailand moves to cool baht rally that threatens pandemic recovery [BANGKOK] Thailand will ease rules on capital outflows to cool a currency rally that’s threatening to derail a rebound in exports and the economy’s recovery from the pandemic. “Following the US elections and positive news on Covid-19 vaccine development, investors have turned toward investing in…
US vows more business in Thailand US businessmen have pledged to press on with their investment plans in Thailand and called on the government to maintain momentum in tourism stimulus projects and also ease travel restrictions to help get the economy back on track. Prime Minister Prayut Chan-o-cha on Wednesday met the US ambassador and…
Recovery momentum picks up in Q3 Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house. GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, attributed to an…
Salary increases in Thailand and Singapore expected to be among the world’s highest in 2021 Few countries are expected to see a significant rise in the level of real salary increases in 2021, but there are exceptions to this within the Asia Pacific region Thailand and Singapore are joint-second place in the Asia Pacific rankings…