CARTAKER Prime Minister Anutin Charnvirakul today (Feb. 19) summoned Deputy Prime Ministe-cum-Finance Minister Ekniti Nitithanpraphat, Minister of Digital Economy and Society Chaichanok Chidchob, and Justice Minister Pol. Gen. Ruttaphon Naowarat to a meeting where he emphasised that Thailand’s GDP growth must exceed 2.5% this year, Amarin TV said this evening. This followed the Office
Tag: economy
Debt stress leads to lingerie vendor committing suicide at market stall
A LINGERIE vendor stressed out over financial problems which she blamed on the slow economy hanged herself at her stall in a Trang City market today (Jan. 27), Naewna newspaper and Amarin TV said. At around 12.30 p.m. Pol. Lt. Col. Taweesak Rodrak, the investigating officer at Trang City police station, was alerted of
Read moreThai economy’s competitiveness is declining, central bank warns
By Reuters and published by CNA THAILAND’S central bank said on Wednesday (Jan. 7) the economy is facing challenges, including a sustained decline in competitiveness, with exports expected to be negatively affected by US tariffs and the persistently overvalued baht. Southeast Asia’s second-largest economy has been struggling with an appreciating currency, US tariffs, high
Read moreThai inflation posts eighth straight negative reading in November
By Reuters and published by CNA THAILAND’S annual headline inflation rate was negative for an eighth month in November, data showed on Wednesday (Dec. 3), and the Commerce Ministry said it was due to falling energy prices and government measures to alleviate the cost of living. The headline consumer price index fell 0.49
Read moreSevere 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
Read more10-year tourist visa, 99-year govt land lease planned to spur economy
DEPUTY PRIME Minister/Finance Minister Pichai Chunhavajira said he is going to propose that 10-year tourist visa be issued to enable foreigners to easily work in Thailand alongside 99-year lease of government land as part of measures to spur the economy, Naewna newspaper said late afternoon today (May 18). In a speech on “Thailand’s Capital
Read morePM tells reporters to go ask dad about new court move
PRIME MINISTER Paetongtarn Shinawatra this evening (Apr. 30) told reporters to go ask her father/de facto Pheu Thai boss Thaksin Shinawatra about the Supreme Court announcing it is on its own assessing whether he had served a one-year jail term soon after dismissing a repeated lawsuit filed by a former lawmaker on this issue,
Read moreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
Read moreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of
Read moreQuake has short-term impact on economy: Julapun
DEPUTY Finance Minister Julapun Amornvivat said today (April 1) while Friday’s earthquake at Mandalay, Myanmar, with severe tremors felt in Thailand is unlikely to affect the Thai economy in the medium- to long-term there will be an impact in the short term, especially the property market, TV Channel 7 said today (April 1). He
Read moreThaksin: Govt opening door for using Bitcoin in Phuket
DE FACTO Pheu Thai boss Thaksin Shinawatra said at dinner talk last night (Jan. 13) that the government is moving to allow payment by Bitcoin in Phuket with recipients not at any risk at all as this is another currency in the world, Naewna newspaper said. At the dinner talk held at Dusit Thani
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