Severe floods have cost southern economy 25 billion baht so far: Research
KASIKORN Research Centre estimates that the critical flooding in the South has so far cost the regional economy 25 billion baht with 800,000 households affected and 400,000 rai of farmland damaged, PPTVHD36 said today (Nov. 26). The widespread inundation, in Songkhla as well as several other southern provinces including Nakhon Si Thammarat, Phatthalung, Surat […]
Read MoreThai economy improves in September but slows in third quarter
By Reuters – published by CNA and Thai Newsroom THAILAND’S economy improved in September from the previous month due to a rebound in manufacturing, rising exports and increasing foreign tourism receipts, but it was weaker over the entire July to September quarter, the central bank said today (Oct. 31). Domestic demand also slowed over […]
Read MoreFlare-up in US-China trade tensions poses a big risk to Thailand’s growth, deputy central bank governor says
By Karin Strohecker, Reuters, and published by Yahoo!News Washington- The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand’s economic growth, the country’s deputy central bank governor said, adding there was little room left to lower rates further. US President Donald Trump on […]
Read MoreThailand to spend 10bn baht to buy bad household debt, stocks edge up nearly 1%
By Reuters and published by CNA THE Bhumjaithai-led coalition government will spend 10 billion baht ($307 million) to buy bad debt this month, the Finance Minister said today (Oct. 9), as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years, […]
Read MoreEconomic policy consistency ‘will reduce risk of recession’
ALTHOUGH Thai gross domestic product (GDP) may dip in the third quarter of this year compared to the previous quarter the new government’s economic policy continuity will help mitigate the risk of recession with growth expected to recover slightly in the final quarter, according to a projection by Krungsri Research which PPTVHD 36 published […]
Read MoreThai consumer confidence at lowest in over two years in August
By Reuters and published by CNA THAI consumer confidence dropped for a seventh consecutive month in August to its lowest level in 32 months due to concerns about a slow economic recovery, political instability, and US tariffs, a survey showed today (Sep. 11). But sentiment could improve under Thailand’s new government, said Thanavath Phonvichai, […]
Read MoreThailand’s Q2 growth beats forecast but faces slowdown in H2 on tariffs
By Reuters and published by CNA THAILAND’S economy expanded faster than expected in the second quarter on strong export growth ahead of US tariffs taking full effect, but momentum is likely to slow over the rest of the year, the state planning agency said on Monday (Aug. 18). Southeast Asia’s second-largest economy grew 2.8 […]
Read MoreThai central bank cuts key rate by 25 bps, as expected
By Reuters and published by CNA THAILAND’S central bank lowered its key interest rate by a quarter point on Wednesday (Aug. 13), its fourth cut in 10 months as it looks to support a sluggish economy grappling with negative inflation and the impact of US tariffs. The Bank of Thailand’s monetary policy committee unanimously […]
Read MoreThai economy slows in May on weaker tourism, production, central bank says
By Reuters and published by CNA THAILAND’S economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday (June 30). The tourism sector in May saw a decline in both revenue and […]
Read MoreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first […]
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