News
Signs of economic slowdown alarming
The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them ...
Q3 rebound eyed from relief boost
Thai GDP in the first and second quarters of 2020 faces a sharp year-on-year decline due to the global economic slowdown, widespread drought and coronavirus impact.But prospects are expected to improve in the third quarter onwards, boosted by the 1-trillion-baht plan for cash handouts to ...
Bangkok Post Reporter
Consumer index continues to dip
Consumer sentiment keeps falling, with the deadly virus outbreak adding to key concerns in addition to the delayed fiscal 2020 budget, the domestic economic slowdown and political instability.The University of the Thai Chamber of Commerce (UTCC) on Wednesday reported the consumer confidence index dropped to ...
Phusadee Arunmas
World Bank rings alarm on GDP view
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 ...
Somruedi Banchongduang
Consumer confidence at lowest since May 2016
Consumer confidence continued to decline in December, to the lowest level since May 2016, as the public fretted over the economic slowdown, mounting political instability and global uncertainty.The University of the Thai Chamber of Commerce (UTCC) on Friday reported that the consumer confidence index fell ...
Phusadee Arunmas
Unemployment records Q3 increase
The unemployment rate in the third quarter edged up from the same period last year and the previous quarter because of a slowing economy, floods in the Northeast and drought in some parts of the country.The government’s planning unit, the National Economic and Social Development ...
Chatrudee Theparat
'Don't mention the economy'
Deputy Prime Minister Somkid Jatusripitak has urged the public not to discuss Thailand’s economic problems too frequently, saying this could have a psychological impact on investor confidence.Mr Somkid said that he was ready to explain the economic slowdown if the opposition raised the issue at ...
Bangkok Post Reporter
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
