16 countries agree to conclude RCEP talks by end of this month The final round of RCEP talks in Danang, Vietnam, is scheduled from September 19 to September 27 for senior officials to prepare various agenda pertaining to goods, services and investments BANGKOK, 9 September 2019(NNT)-The 51st ASEAN Economic Ministers Meeting has agreed that the…
Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters Thailand’s economic think-tank warned that something must be done quickly by the government, otherwise the economic situation will get worse. Thailand’s economic growth rate for the second quarter of this year registered at 2.3%, compared to 2.8% for the first quarter, which is the lowest…
Baht to climb higher against USD, more pressure on exports The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may…
Growth of Thai economy lowest in nearly five years The Thai economy registered growth of just 2.3% in the second quarter of 2019, compared with 2.8% in the first quarter. This is the lowest rate of growth in 19 quarters, according to Tossaporn Sirisamphan, secretary-general of Thailand’s economic think-tank, the National Economic and Social Development…
Thailand Ecommerce Market: Shooting For Success At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce market value is expected to surge to 13 billion USD by 2025 on the back of strong global demand for Thai products. Thailand’s nascent e-commerce industry is thriving and…
Softening Chinese yuan no threat to Thai baht The Chinese yuan dropped sharply to its weakest level against the US dollar in more than a decade, raising fears of further dangerous escalation in the US-China trade war. Yesterday, the Chinese yuan dropped below the 7 yuan to the US dollar threshold, marking the first time…
Fruit farmers coping with oversupply and price slumps Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said. BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section…
Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…
Restaurant business in Thailand…is it still worth investing ? Restaurant business tends to be constantly growing as a result of structural change like smaller household and changing consumer lifestyle. Restaurant business still has a chance to grow amidst economic fluctuation. EIC estimates a 4-5% business expansion in 2019-2020 as a result of changing population structure:…
Thai Exports down 2.91% in the first half of 2019 Thai exports were down 2.15% in June, causing the sector to contract 2.91% in the first half of the year. BANGKOK, 22nd July 2019 (NNT) – The ongoing trade war between China and the United States continues to affect Thailand’s export sector. Last month, exports…