Economy and commerce
Report unveils prospects for digital economy
A focus on high-value users, the environmental, social and governance (ESG) theme, digital inclusion and data infrastructure regulations will bring a sustainable digital economy to Thailand, according to Google.The fields of digital financial services (DFS), health, education, food and generative artificial intelligence (Al) are among ...
Bangkok Post Reporter
International financial analysts expect Thailand’s policy rate to be cut next year
Two international analysts have said they expect the Bank of Thailand to cut its policy interest rate next year due to a drop in the country’s inflation rate.In a statement issued on Tuesday, Standard Chartered Bank said it expected the central bank to maintain its ...
The Nation Reporter
Thai economic growth slows in the third quarter
Thailand’s gross domestic product (GDP) expanded 1.5% in the third quarter from a year earlier, the National Economic and Social Development Council (NESDC) said on November 20.This figure is lower than the 2.4% growth that economists predicted in a Reuters poll previously released and the ...
Thailand’s exports expected to contract this year, says shippers' council
The Thai National Shippers’ Council has predicted that Thailand’s exports this year would contract 1.5% year on year.Council chief Chaicharn Charoensuk said although Thailand’s exports had started to see a brighter trend, its growth would remain negative because of the contraction earlier in the year.He ...
The Nation Reporter
Thai PM 'very worried' about weak Q3 growth, plans more stimulus
Thai Prime Minister Srettha Thavisin said on Monday (Nov 20) he was “very worried” about much slower-than-expected growth in the third quarter, with the economy burdened by declining exports and government spending.Gross domestic product (GDP) expanded 1.5 per cent in the July-September quarter from a ...
Foreign Ministry urges envoys to become proactive in driving Thai economy
The Foreign Ministry launched a weeklong summit with Thai ambassadors, consuls general and trade representatives to give them instructions on working proactively to expand the country’s economy.The forum, which wraps up on Friday, was opened by Foreign Minister Parnpree Bahiddha-Nukara on Monday at the JW ...
The Nation Reporter
Thai banks' bad loans slow to 2.73% of lending at December-end -c.bank
Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.The banking system remained strong with high levels of capital, loan-loss provisions ...
3% hike in marketing spending forecast next year
The Marketing Association of Thailand (MAT) forecasts marketing spending next year will increase by only 3% because of the negative outlook for the global economy. Marketers are expected to prioritise their investment in the areas of content platforms, commerce platforms and payment platforms next year, said ...
Bangkok Post Reporter
Import technology and talent, improve education: Thai businesses
The Thai Chamber of Commerce has urged the government to reform the country and its economy, import technology, attract foreign skilled labour, improve education and boost the birth rate. The results of a survey of nationwide members of the Thai Chamber of Commerce were compiled in ...
Bangkok Post Reporter
Economic experts urge govt to improve its communication strategy to build confidence
Over the past two to three months, the government’s focal point has been the digital wallet project, marked by the establishment of a task force and frequent updates.However, this heightened communication has drawn criticism from scholars who question the government’s communication strategies.Burin Adulwattana, managing director ...
The Nation Reporter
