News
Policy rate change ‘unlikely’ this year
The Bank of Thailand (BOT) is expected to maintain its policy interest rate at 1.75 per cent until at least the end of 2019, according to TMB Analytics.The next meeting of the country’s Monetary Policy Committee will be on June 26, 2019. Many central banks ...
The Nation Reporter
Facing headwinds in 2019, Thai economy looks better for 2020
The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic ...
Economy faces heightened political uncertainties: BoT
Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that left interest rates unchanged.Keep reading ...
Thailand Economy: Looking To Japan And China To Boost Prosperity
Thailand in late March held its first elections since 2014. Whatever its shortcomings, the vote ensured that elected representatives in parliament have some measure of accountability and provided a legitimate outlet for dissent. Keep reading ...
Hiking minimum wage ‘could erode competitiveness’
Leading economists and manufacturers have warned that an increase in the minimum daily wage, as pledged by major political parties in the run-up to the general election in March in response to calls from labour groups, will dampen the competitiveness of the Thai economy.Keep reading ...
Phuwit Limviphuwat
Forecast drought will weaken the Thai economy
Thailand suffers calamities at both ends of the annual weather spectrum – both drought and flood. But as the demands on agriculture grow, with a growing population and the rise of tourists and development, the effects of these two extremes are becoming more apparent.Keep reading ...
Spreading Drought Adds to Risks for Thailand’s Cooling Economy
A spreading drought has emerged as a new risk for Thailand’s cooling economy in addition to domestic political tension and slower exports.The country’s hot and dry season is more acute than expected amid a possible El-Nino weather event, leaving just over a quarter of top ...
61% of Thai economy to be ‘digitalised’ by 2022: IDC
IDC on Monday unveiled its top predictions for Thailand’s information-technology industry for this year and beyond, predicting that by 2022 more than 61 per cent of the country’s gross domestic product will be digitalised.Keep reading ...
The Nation Reporter
Consumer confidence index improves
Public confidence in the expansion of the Thai economy continues to improve after a clear election date has been set fourth and a comeback in the number of Chinese tourists. The University of the Thai Chamber of Commerce expects spending during Valentines and Makha Bucha ...
Jettana Pantana
World Bank shows confidence in Thai economy
Prime Minister Prayut Chan-o-cha has expressed satisfaction with the World Bank’s forecast that the Thai economy will expand continuously for at least two years.Keep watching ...