Economy and commerce

The Finance Ministry has dropped its estimate of 2019 growth in gross domestic product (GDP) from 2.8 to 2.5 per cent and its forecast for 2020 from 3.3 to 2.8 per cent.“The economy in 2019 is now estimated to have grown by 2.5 per cent ...

The government plans to introduce additional measures next month to boost consumption and tourism, its finance minister said on Tuesday, as it tries to shore up a faltering economy potentially facing a sharp blow from the coronavirus in China.Tourism, a key growth driver and previously ...

Bilateral trade between Cambodia and Thailand was worth some $9 billion last year, up 7.14 per cent from 2018’s $8.4 billion, data from the Royal Thai embassy in Phnom Penh shows.Thailand and Cambodia have maintained excellent relations, as reflected by regular high-level visits and meetings, ...

The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.The Chinese yuan weakened this week (January 20 to 24) as the coronavirus continued to spread ...

The Thai baht will continue to maintain its strength for the rest of 2020. It will remain strong, propelled by the increased surpluses in the Thai current account and the country’s trade balance.Kobsidthi Silpachai, KBank’s head of capital markets research, predicts that the Thai baht ...

Thai exports last year contracted 2.65 per cent year-on-year to US$246.244 billion, Pimchanok Vonkorpon, director-general of Trade Policy and Strategy Office, said on Wednesday (January 22).Imports last year totalled $236.639 billion, down 4.66 per cent. Exports dropped 1.28 per cent in December year-on-year to $19.154 ...

The Agriculture and Cooperatives Ministry has prepared a grass roots economic development and promotion campaign, which will be presented to the Cabinet on Tuesday for approval under the fiscal year 2021 budget.Agriculture and Cooperatives Minister Chalermchai Sri-on said on Monday (January 20) that “the campaign ...

The National Food Institute forecasts that the value of food exports this year will be US$34.9 billion (Bt1.05 trillion), up 5.4 per cent year on year, according to its president Anong Paijitprapapon.However, the value of exports will contract 0.3 per cent to Bt1.02 trillion if ...

The World Bank has warned that Thailand’s average annual economic growth will be stuck below 3% if there is no significant increase in investment and productivity growth.The recent growth slowdown suggests long-run structural constraints, with slowing investment and low productivity growth, according to the World ...

Thailand needs to rev up both public and private investment, including infrastructure development as well as the promotion of the tourism and service sectors, to boost economic growth this year, Deputy Prime Minister Somkid Jatusripitak told a business seminar on Wednesday.The central bank estimated 2019 ...