June 04, 2023 Government efforts to develop infrastructure in support of the Eastern Economic Corridor (EEC) have enabled the forward economic confidence index for the EEC area to reach an impressive 87.1 points. The Thai Regional Economic Sentiment Index (RSI) for the month of May showed improvements in confidence for Read More
June 02, 2023 The Thai banking sector has encountered numerous challenges in the aftermath of the COVID-19 crisis, particularly in dealing with debt issues to aid borrowers facing financial difficulties. However, as the economy gradually recovers, businesses are adapting and aligning themselves with the returning normalcy. In the second half Read More
JUNE 01, 2023 Despite a drop in exports and government spending, Thailand’s economy continues to expand due to the robust recovery of the tourism industry, according to the Bank of Thailand. Sakkapop Panyanukul, senior director of the bank’s macroeconomic department, said on Wednesday that private consumption increased in April due Read More
May 31, 2023 The Bank of Thailand’s Monetary Policy Committee is expected to raise the policy interest rate for possibly the final time in this upward interest rate cycle to 2.00%, up by 0.25%, at a meeting this afternoon, according to a report from the Thai Economic Research Centre. At Read More
May 05, 2023 Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked. Read the full article : http://bangkokpost.com/business/2565566/economists-anticipate-0-25-hike
April 27, 2023 The Bank of Thailand is in discussions with China’s central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility. Readthe full article on this link: https://www.bangkokpost.com/business/2558236/banks-eye-yuan-baht-trade-payments
April 26, 2023 The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction. Readthe full article on this link: https://www.bangkokpost.com/business/2557299/thai-growth-slashed-based-on-weak-exports
Riding on some $20 billion in investment pledges announced during 2022 by leading com-panies such as Foxconn Technology, BYD Co., and Amazon Web Services, Thailand start-ed implementing in January 2023 an even more ambitious five-year investment promotion strategy aimed at wooing more advanced technologies and upstream industries to bring about Read More
April 14, 2023 Thailand, Vietnam and India are the Asian countries which have most improved their ranking over the past year in the list of the best countries in which to do business assessment by the Economist Intelligence Unit (EIU). The business environment report measures the attractiveness of the business Read More
April 11, 2023 Global oil prices declined in February, which has helped bring down the prices of consumer products in Thailand. Thailand’s inflation rate is now the second-lowest among ASEAN peers and the 20th-lowest in the world. Government Spokesperson Anucha Burapachaisri spoke about the inflation situation last month, when inflation Read More