Economy and commerce
Consumer confidence continues decline
The Consumer Confidence Index fell again in September for the seventh consecutive month despite the introduction of economic stimulus measures, the director of the University of the Thai Chamber of Commerce’s Centre for Economic and Business Forecasting said on Thursday (October 10).Keep reading ...
The Nation Reporter
Push to boost cross-border economic ties with Mekong-Lancang countries
Commerce Minister Jurin Laksanawisit said on Monday (October 7) that the Cabinet has approved a proposal for cross-border economic ties under the Mekong-Lancang cooperation framework.The director-general of the Department of Trade Negotiation has also been given the job of visiting Laos on October 8 to ...
The Nation Reporter
Asean 'confident' RCEP done by year's end
Asean Secretary-General Lim Jock Hoi on Sunday expressed his confidence that the long-awaited Regional Comprehensive Economic Partnership (RCEP) will be completed in principle before Thailand’s chairmanship ends at the end of this year.Keep reading ...
Thana Boonlert
Adopt economies of intelligence or fall behind, Thai industry warned
Thailand’s manufacturing sector will lag behind unless it takes steps to embrace the emerging economies of intelligence for which data and the capacity to synthesize contents are key success factors.According to Robert Parker, a senior executive of IDC, a global provider of market intelligence and ...
Nophakhun Limsamarnphun
Strong Thai baht brings financial woes for expat retirees
An interview with a retired Briton in today’s Bangkok Post illustrates the financial difficulties some expats now face in the Land of Smiles as a result of the strong baht.Brian Maxey moved to Pattaya from the UK to live off his sterling pension, but the ...
May Taylor
MoU signed to boost Thai-Myanmar border trade
Commerce Minister Jurin Laksanawisit said his ministry will be coordinating between businesses in Thailand and Myanmar to strengthen border trade and boost bilateral ties.Myanmar and Thailand also signed a memorandum of understanding (MoU) ton October 1 to boost the transfer of goods across the second ...
The Nation Reporter
Latest RCEP meeting 'very fruitful', says government
The 28th round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) in Da Nang, Vietnam on Sept 19-27 were very fruitful and led to the conclusion of 13 of the 20 chapters in the proposed free trade agreement, the Commerce Ministry said yesterday.Keep reading ...
Phusadee Arunmas & Thana Boonlert
Joint committee lowers growth forecast for 2019
The Joint Standing Committee on Commerce, Industry and Banking has revised downward its forecast of Thailand’s economic growth this year to between 2.7 per cent and 3.0 per cent from the previous projection of between 2.9 per cent and 3.3 per cent.Keep reading ...
The Nation Reporter
Growth outlook below potential, but no crisis yet: BoT governor
Thailand’s economic growth forecast of 2.8% for this year is below potential, the central bank governor said on Monday, adding the bank was ready to review monetary policy if conditions worsen.While the Bank of Thailand (BoT) downgraded the 2019 growth outlook from the previous 3.3% ...
Border trade contracts 0.07%
Trade growth in Thailand’s border areas has slowed down due to the struggling global economy and the ongoing trade war between China and the United States of America. In the first eight months of this year, Thailand’s border trade was valued at 915 billion baht, ...
Praphorn Praphornkul