Thai central bank raises economic outlook, holds rates as expected
By Reuters and published by CNA THAILAND’S central bank upgraded its economic growth forecasts on Wednesday (June 24), signalling a modest improvement in the outlook after it held interest rates steady for a second straight meeting. The Bank of Thailand (BOT) said it expected economic growth to come in at 2.3 percent this year, […]
Read MoreThailand at risk of plunging to the state Indonesia is in: Economist
A NOTED economist and People’s MP warned today (June 21) that while Thailand’s current fiscal situation will not yet lead to a confidence crisis like Indonesia is facing, there is increasing risk this will be triggered if a concrete plan for fiscal rebalancing is not undertaken over the next one to two years. Dr. […]
Read MoreShares surge, oil skids in Asia on news of US-Iran deal
By Reuters – published by CNA and Thai Newsroom SYDNEY: Share markets surged in Asia on Monday (June 15) while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. In Thailand […]
Read MoreAnalysis: From Pride month to Pride economy – economic opportunities for Thailand
AS MANY countries around the world including Thailand celebrate Pride month in June with this being about acceptance and equality plus focusing on the work of LGBTQ+ people, this is seen as more than just an event as globally the LGBTQ+ purchasing power exceeds 160 trillion baht per year, and Thailand has the opportunity […]
Read MoreGovt rushes to absorb 400 tons of shrimp a month after Malaysia’s temporary ban
TWO ministries are urgently implementing 13 measures to absorb 400 tons of shrimp a month after Malaysia imposed a temporary import ban on five Thai shrimp species as part of tighter controls on Thai fishery products, PPTVHD36 said today (June 7). Thailand is prepared to raise this issue with the World Trade Organisation and […]
Read MoreConsumer watchdog to file civil suit against Volvo Cars’ Thai unit, official says
By Reuters and published by CNA THAILAND’S consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair and maintenance unit, Scandinavian Auto Co. Ltd, over battery-related fires in its EX30 model, Pradoemchai Bunchualuai, an adviser to the minister who chairs the watchdog, told Reuters […]
Read MoreSoaring prices during the Iran war jeopardise travel to tourism-dependent countries in Asia
By AP and published by Yahoo!News WITH summer around the corner, soaring prices and other complications from the war with Iran are straining the tourism-dependent economies of countries in Southeast Asia, including Thailand and Vietnam. The region’s peak tourist summer season is at risk as elevated jet fuel costs coupled with ceasefire uncertainties prompt […]
Read MoreUS and Thailand speed LNG talks as war hits Qatar exports, sources say
By Reuters and published by The Los Angeles Post WASHINGTON: The US and Thailand are in talks on new long-term supply of US-produced liquefied natural gas, two sources said on Tuesday (May 26), negotiations that have accelerated since the US-Israeli-led war on Iran led to LNG production damage in key exporter Qatar. The talks […]
Read MorePublic hearing held on new train line to support Land Bridge project
IN A step forward towards the realisation of the 1-trillion-baht Land Bridge project, a public hearing was held in Chumphon for the construction of Chumphon-Ranong railway line connecting the Gulf of Thailand and the Andaman Sea, Naewna newspaper said today (May 23). The main goal of this rail development is to upgrade logistics infrastructure […]
Read MorePrices of building materials soar as Middle East war drags on
THE Commerce Ministry said today (May 22) that ongoing US-Iran war has led to the construction materials price index rising 112.4 points in April, a jump of 5.9%, which is the highest in 44 months, according to PPTVHD36. Mr. Nantapong Chiralerspong, director of the Trade Policy and Strategy Office, said as the Middle East […]
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