Over 1,300 factories were up for sale or out of business in first 10 months of 2019

There were 1,339 factories with 34,569 employees and a total investment of approximately Bt56.9 billion registered for sale or out of business in the first 10 months of 2019, according to the Industry Ministry.The factories were classified into 21 industrial groups including crop products, food, ...

The Nation Reporter

Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid to boost the slowing Thai economy.Fiscal Policy Office secretary, Mr. Tittanan Mallikamat, said today (Wednesday) ...

Household debts of Thais alarm economists

The ratio of household debt to GDP has risen by 78.8 per cent meaning that Thai citizens have combined debts of Bt13 trillion debts, the second-highest in Asia, according to a recent seminar on the subject of household debt and homeownership organized by the Real ...

The Nation Reporter

World Bank slashes Thailand’s GDP from 3.5 to 2.7 per cent

The World Bank has reduced its forecast for Thailand’s economic expansion in 2019 from 3.5 to 2.7 per cent, while 2020 speculation was also brought down to 2.9 per cent from the earlier figure of 3.9 per cent.The World Bank had predicted in April that ...

The Nation Reporter

Growth outlook below potential, but no crisis yet: BoT governor

Thailand’s economic growth forecast of 2.8% for this year is below potential, the central bank governor said on Monday, adding the bank was ready to review monetary policy if conditions worsen.While the Bank of Thailand (BoT) downgraded the 2019 growth outlook from the previous 3.3% ...

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

Committee calls for action against strong baht to improve economic performance

The office of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is concerned by the performance of the Thai economy in the second half of 2019. The office fears that the lack of stimulating factors and an ever-stronger baht may lead to lower ...

The Nation Reporter

Government confident Welfare Cards can bolster economy

The Government Spokesperson has reiterated the state welfare card program contributes to the stabilization of the Thai economy, directly helps members of the public, and stimulates public spending.Keep watching ...

Cash splurge to boost economy

The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook.Keep reading ...

Bangkok Post Reporter

Govt steps in to spur economy

Two key economy-related state agencies have taken drastic measures to curb the impacts from the US-China trade war as the Thai economy slows.The Finance Ministry is pressing state enterprises to inject 130 billion baht into their investment projects by the end of this year, while ...

Wichit Chantanusornsiri & Aekarach Sattaburuth

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