Thai consumer confidence falls to 17-month low in September
By Reuters and published by US News & World Report THAI consumer confidence dropped for a seventh consecutive month in September to its lowest level in 17 months, due mainly to concerns about slow economic growth and floods in parts of the country, a survey showed today (Oct. 10). The consumer index of the […]
Read MoreThai economy helped by exports and manufacturing in August, but tourism slows
[corner-ad id=”1″] By Reuters and published by CNA THAILAND’S economy remained at similar levels in August from the previous month, the central bank said on Monday (Sep. 30) with economic activity supported by exports and manufacturing, but tourism slowed. Exports, a key driver of the Thai economy, rose 11.4 percent in August from a year […]
Read MoreTop executive worried about a repeat of ‘Tom Yum Kung’ crisis
By Naewna and Reuters – published by Yahoo!News WITH the Thai baht having rapidly gained strength and businesses urging the central bank to take measures to stabilise the Thai currency, a warning was issued by TPI Polene Plc CEO Prachai Leophairatana today (Sep. 29) that a repeat of the 1997 “Tom Yum Kung” crisis […]
Read More400 baht minimum wage taking effect this year: PM
By Naewna and Reuters – published by CNA PRIME MINISTER Paetongtarn Shinawatra said today (Sep. 24) her government intends to increase the minimum wage to 400 baht within this year after the tripartite wage committee failed to reach a conclusion on hiking it on Oct. 1 as planned, Naewna newspaper said. Speaking at Government […]
Read MoreExclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
By Reuters and published by CNA THAILAND’S central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months. The government has […]
Read MoreCentral bank will use policy mix to address uneven economic recovery, governor says
By Reuters and published by CNA THAILAND’S central bank will use a policy mix to address uneven recovery in Southeast Asia’s second-largest economy, its governor said today (Aug. 24). Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthiwartnarueput told a press conference. “We are ready to make adjustments that are […]
Read MoreTouring local wisdom and soft power in Northeast Thailand
A STUDY trip organised by the Ministry of Foreign Affairs for the diplomatic corps and media to the Northeast was appropriately themed: “The Charm of Isaan:Transforming Local Wisdom into Creative Economy.” Participants were transported back in time to an era when simplicity, carbon-neutrality, organic and herb-based food were just a normal […]
Read MoreCentral bank head says 3% potential growth rate not high enough
By Reuters and published by CNA THAILAND needs stronger economic growth as the current potential growth rate of about 3 percent is not high enough to help the economy expand sustainably in the long term, the central bank governor said today (July 9). The potential growth rate can be raised by structural reforms, Bank […]
Read MoreIndustry body calls for urgent help as hundreds of factories shut down
THE Federation of Thai Industries (FTI) urged the government to urgently implement both short- and long-term measures to help manufacturers after 567 factories were shut down in the first five months of this year, Thai Rath newspaper said today (June 21). Mr. Kriengkrai Thiennukul, FTI’s chairman, said short-term action include reducing the impact of […]
Read MoreThai industrial sentiment falls in April on weak demand, wage hike plan
By Reuters – published by CNA and US News & World Report THE Thai industrial sentiment index dropped in April, dented by slowing domestic demand, a government wage hike plan and drought, the Federation of Thai Industries (FTI) said today (May 15). The FTI said its industrial sentiment index fell to 90.3 in April […]
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