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

Expect more job loses as exports contract, tourism slows: NESDC

Unemployment is set to rise amid a contraction in exports and a tourism slowdown, warned the National Economic and Social Development Council (NESDC) on Monday.The state think tank said that despite the unemployment rate remaining low and incomes increasing, the labour market must be closely ...

Wichit Chaitrong

Thailand Says Slowing Economy Dims Outlook for Minimum-Wage Hike

The Thai government’s pledge to boost the country’s minimum wage is foundering because of an economic slowdown.U.S.-China trade tension and its impact on Thailand is one of the risks to monitor, according to Labor Minister Chatumongol Sonakul. An official report due Aug. 19 may show ...

Strengthening Thai Baht Strangling Thailand’s Economy

 In a joint statement, three leading business associations slashed their 2019 economic growth and export forecasts for Thailand as the Thai Baht continues it strength.The Federation of Thai Industries, the Thai Bankers’ Association and the Board of Trade of Thailand slashed their growth estimate to ...

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