News

China’s planned focus on domestic economy ‘will hit Thai exports badly’

Thai exporters will face the biggest challenge once China shifts its focus to its domestic economy as a result of is trade war with the United States.In an interview with Nationmultimedia Group, Chinese Ambassador to Thailand Lyu Jian confirmed that though China with continue supporting ...

Wichit Chaitrong

Baht may be primed for further gains

The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more.Keep ...

Large corporates feel the pain of trade war, baht rise

The trade war between the United States and China and the appreciation of the baht against other currencies have started to impact large corporates, say bankers.Although large corporates are resilient to any impact and their ability to repay debt remained sound compared with small and ...

The Nation 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

Thailand eyes new stimulus to ease trade war shock

The Thai government is considering to work on “packages of economic activities” to stimulate its slowing economy, Thailand’s new finance minister, Uttama Savanayana, told the Nikkei Asian Review in an interview in Tokyo on Wednesday.Keep reading ...

FTI: Agriculture stimulus needed for growth

The new government is being urged to stimulate the country’s agricultural sector because crop prices remain low and farmers have limited purchasing power in the local market, says the Federation of Thai Industries (FTI). Keep reading ...

Piyachart Maikaew

Thailand slashes 2019 exports estimates as trade war escalates

Thai exporters are expected to pay a heavy price as the ramping up of the US-China trade war continues.The US has now launched a new round of tariffs on Chinese imports. Last Friday US President Donald Trump tweeted: “Talks with China continue in a very ...

Phuwit Limviphuwat

EEC: The Business Opportunity You Shouldn’t Miss in 2019

Since late 2018, we have already seen signs of global economic slowdown. Financial markets have been fluctuating. Among the factors are the downshifting of the US economy which led to weakened US dollar. The prolonged US-China trade war has troubled Thai exports for quite sometime. ...

Manpower sees 1.2% unemployment

US recruitment agency Manpower Group Thailand forecasts an unemployment rate in 2019 of 1.1-1.2%, equal to 418,000-450,000 people, up from 400,000 in 2018. Thailand’s labour market in 2019 will face many external influences such as the global economy, the US-China trade war and Brexit. Keep ...

Lamonphet Apisitniran

Bankers warn of foreign countries' effect on Thai economy

Kasikorn Bank has suggested investors keep a close watch on foreign factors particularly the U.S.-China trade war and the British parliament’s rejection of the Brexit deal.Keep watching ...

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