Fruit farmers coping with oversupply and price slumps

Fruit farmers coping with oversupply and price slumps

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)

Thailand’s Drought disaster estimated 10bn baht ($326M)

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 in Thailand…is it still worth investing ?

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 down 2.91% in the first half of 2019

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…

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card Fitch Ratings has revised its outlook on Thailand’s Long-Term Foreign Currency Issuer Default Rating to “positive” from “stable” and upgraded the rating to BBB+. The revision reflects increasing international economic confidence that lingering political risks are unlikely to derail “sound macroeconomic management”, according to…

Economists predict Thai exports could fall 3.1% this year

Economists predict Thai exports could fall 3.1% this year

Economists predict Thai exports could fall 3.1% this year Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will…

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…

Thailand rice exports droop due to strong baht

Thailand rice exports droop due to strong baht

Thailand rice exports droop due to strong baht Rice exports have fallen 12% for the first half of this year, mostly related to the strong Thai currency. An export group says that sales targets for Thai rice will fall short of the 2019 target of 9.5 million tonnes. The Thai Rice Exporters admit they will…

Political uncertainty takes toll on Thai growth

Political uncertainty takes toll on Thai growth

Political uncertainty takes toll on Thai growth The country’s growth rate is projected to fall from 4.1 percent in 2018 to 3.5 percent in 2019, according to the World Bank’s Thailand Economic Monitor, released today. According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.…