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.…

Thailand’s rice exports hampered by strong baht

Thailand’s rice exports hampered by strong baht

Thailand’s rice exports hampered by strong baht Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post) Bangkok (VNA) – Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market. Honorary president of the…

Thailand pushes to finish RCEP talks by November

Thailand pushes to finish RCEP talks by November

Thailand pushes to finish RCEP talks by November The RCEP initiative was launched in November 2012 with the aim of boosting economic cooperation between 10 ASEAN countries and six dialogue partners, namely China, Japan, the Republic of Korea, Australia, India and New Zealand.   With US President Donald Trump withdrawing his country from the Trans-Pacific…