Thai Rates Seen on Hold, GDP Forecast Likely Cut: Decision Guide (Bloomberg) — Thailand’s central bank will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year. All 25 economists surveyed by Bloomberg expect the Bank of Thailand…
Thailand’s EEC joins hands with Huawei Thailand’s Eastern Economic Corridor Office (EECO) and Chinese tech giant Huawei signed a memorandum of understanding (MoU) that aims to produce a digital workforce to meet the kingdom’s emerging needs and developing its position as a digital regional hub. The digital talent collaboration in conjunction with Huawei Asean Academy…
Commerce Ministry Launches “Thailand Deliver with Safety” Campaign BANGKOK (NNT) – The Commerce Ministry has launched the “Thailand Deliver with Safety” campaign to boost confidence in Thai products overseas amid the Covid-19 crisis. The campaign aims to reassure buyers and importers that Thai agricultural produce, food products and halal food are Covid-safe due to high production…
Investment themes turn more towards cyclical plays March has started out with very good news. Vaccine distribution is now under way in Thailand, with more than 30,000 people vaccinated so far. This comes not a second too soon as the lockdown during the first two months of the year had dragged the economy back down.…
Thailand ranked 3rd in ASEAN on Economic Freedom Index Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year. Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries…
New campaign encourages farmers to sell online BANGKOK (NNT) – A new campaign by the Ministry of Agriculture and Cooperatives has made it easier for farmers to sell their produce directly to customers online, with a logistic provider now offering discounted transport fees for a fast and safe delivery to customer’s hands. The Department of…
Demand for wellness accommodation in Thailand continues into 2021 An international real estate and hospitality consultant sees hotel developers continuing to shift their preference towards developing products and services that cater to the rising wellness tourism demand. CBRE, an international real estate and hospitality consultant, says an increased focus on local guests is important as international tourist arrivals remain…
Thailand develops marijuana for health industry leading to avenues for tourism The Ministry of Public Health has brought together 29 pharmaceutical and supplement producers with marijuana growing community enterprises in a major step to develop the plant into a new segment of the health industry, leading to new medicinal products and avenues for tourism. Minister of Public Health…
High-end consumers to sustain Alist’s ambitions Alist Private Co, an importer and distributor of German cameras and equipment, is gearing up to expand its presence in Thailand despite unfavourable global and domestic economic conditions. The company opened a new 70-square-metre branch at Emporium shopping complex in Bangkok and is targeting 30% sales growth this year…
SET trading rose 43% in February, signals recovery Trading value on the Stock Exchange of Thailand (SET) in February rose 43% from the same period last year, with stocks in the food, banking and industrial sectors outperforming and providing a strong sign of a global economic recovery. Soraphol Tulayasathien, the SET’s senior executive vice-president, said…