Starbucks Thailand introduces paper straws from next Monday

Starbucks Thailand introduces paper straws from next Monday The Thai operators of Starbucks Coffee says it will provide paper straws to customers at all stores across Thailand starting next Monday, January 6. The announcement is most likely in response to the national mood to reduce usage of single-use plastic items although the local Starbucks franchise…

ECONOMICSThai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot) Thailand’s economy continued on a downward trend in November with exports contracting by 7.7 percent from the same period last year According to Bot’s latest Press Release, the Thai economy continued to be on a decelerating trend in November, prompting the Central Bank to use the exact same words from its previous…

Southeast Asia’s growth forecast is revised down slightly to 4.4% for 2019, as economic weakening in Singapore and Thailand prompts downward adjustments to their growth forecasts

ADB Trims Southeast Asia’s growth forecast to 4.4%

ADB Trims Southeast Asia’s growth forecast to 4.4% Southeast Asia’s growth forecast is revised down slightly to 4.4% for 2019, as economic weakening in Singapore and Thailand prompts downward adjustments to their growth forecasts The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as…

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures The Thai government has rolled out new stimulus measures intended to boost full-year economic growth to 2.8% The Thai Cabinet today approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana. The government expects the measures to propel full-year economic growth to…

Thai exports down 4.5% in October

Thai exports down 4.5% in October

Thai exports down 4.5% in October Thai Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry backgroundBANGKOK (NNT) –…

Thais are tightening their belts and spending less – survey

Thais are tightening their belts and spending less – survey

Thais are tightening their belts and spending less – survey Nearly 70% said they’ve reduced spending on things like travel, shopping, parties and luxury goods.” Thais are tightening their belts and reducing their spending to weather the country’s growing stumbling economy, according to a Dusit Poll survey. The poll was conducted November 19-23 and surveyed…

NESDC cuts Thailand’s growth to 2.6%

NESDC cuts Thailand’s growth to 2.6%

NESDC cuts Thailand’s growth to 2.6% GDP growth this year is now expected down to 2.6 percent, but the council now expects 2020 GDP to grow at least 2.7 percent when the export sector is expected to recover BANGKOK (NNT) – The Office of the National Economic and Social Development Council (NESDC) has announced that…