Thai restaurants and food chains switching to home deliveries A difficult time for restaurants as the government rolls out lockdowns across the country. So many of the restaurants and food chains are changing from sit in facilities to home delivery. They’re saying that they need to switch their financial strategy to stay afloat as the…
Opportunities for 2020 export growth in Thailand Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and…
BoT says Thailand’s economy to shrink by 5.3 per cent in 2020 The Covid-19 crisis could throw Thailand into a deep recession next year according to the central bank’s latest data release. Due to the coronavirus (COVID-19) outbreak, the Thai economy would contract significantly in 2020 and headline inflation would become negative, said the Bank…
Thailand’s Poverty on the Rise Amid Slowing Economic Growth Between 2015 and 2018, the poverty rate in Thailand increased from 7.2 percent to 9.8 percent, and the absolute number of people living in poverty rose from 4.85 million to more than 6.7 million. Thailand has successfully reduced poverty over the past three decades from over…
Consumer groups warn of risks in buying a new Chevrolet General Motors’ decision to pull production of its Chevrolet line out of Thailand has prompted consumer advocacy groups to remind prospective buyers of risks. The Foundation for Consumers and the Office of the Independent Committee for Consumer Protection said yesterday that buyers “should be wary of uncertainty…
Chevy’s having a “garage sale” and prices are halved General Motors’ recent announcement that it’s ending production and sales of Chevrolets in Thailand means prices for new Chevrolets have been cut by half. The starting price for the latest SUV, the Captiva, is now just under half a million baht. General Motors announced Sunday that it’s pulling…
Thai exports figures rise in January Whilst there’s been plenty of economic challenges around for Thailand, including the high Thai baht and a levelling out of tourist arrivals, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months…
Thailand’s growth slips to a 5-year low at 2.4% Thailand has recorded its slowest economic growth in five years at 2.4% according to the National Economic and Social Development Council (NESDC) Thailand’s economy grew by 2.4 per cent in 2019, the National Economic and Social Development Council (NESDC) said on Monday February 17th. Thailand has…
Thailand’s economy improved slightly in December 2019 The Thai economy improved slightly in December 2019, but overall economic activity in the fourth quarter of 2019 continued to be on the decelerating trend. According to the latest Press Release on the Economic and Monetary Conditions for December and the fourth quarter of 2019 Bank of Thailand,…
Online grocery shopping gains popularity in Thailand Squeezing the avocados and smelling the mangoes may become a thing of the past as online grocery buying is quickly growing in popularity. The intense competition in online grocery sales is expected to surge in 2020. Online Apps like Line, Grab and Lazada are making major inroads into…