BoT seen cutting rates in H2, 2024

The Bank of Thailand is projected to start cutting interest rates in the second half of 2024, in line with similar moves by the US Federal Reserve, say analysts, as the domestic economy needs more support to drive growth next year.BMI, a unit of New ...

Bangkok Post Reporter

Household debt for Q2 spikes at Bt16.07 trillion

The national household debt has increased by 3.6%, compared to the first quarter, to about 16.07 trillion baht in the second quarter of this year, representing 90.7% of GDP, according to the National Economic and Social Development Board.The board said that credits of all kinds ...

Call for more stimulus to help economy

Thailand needs new government measures to stimulate the economy next year, easing the impact from the delay in budget allocation for fiscal 2024, says the Federation of Thai Industries (FTI).Fiscal 2024 started on Oct 1, 2023, but the Srettha Thavisin administration has yet to finalise ...

Bangkok Post Reporter

FTA talks with EU to get reboot

Thailand is gearing up for the resumption of Free Trade Agreement (FTA) negotiations with the European Union (EU) after the talks were suspended in 2014 due to the coup. The talks should be completed in in 2025, said Commerce Minister Phumtham Wechayachai. Mr Phumtham said on ...

Bangkok Post Reporter

Private sector urged to embrace circular economy

The private sector is being encouraged to adopt circular economy principles for business operations to reduce costs, increase efficiency and generate income from innovative business models.Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, said the circular economy concept was introduced in response to ...

Bangkok Post Reporter

Production index dips 4.3% in October

Thailand’s Manufacturing Production Index (MPI) decreased by 4.29% year-on-year in October to 89.4 points as people become more careful spending amid sluggish Thai and global economies.The Thai economy has not fully recovered and interest rates remain high, said Siripen Kiatfuengfoo, deputy director-general of the Office ...

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 ...

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