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
Tag: growth
AirAsia boss forced to fly THAI as own airline’s passenger load soars
GOING VIRAL on social media is a photo of AirAsia’s boss Tony Fernandes flying to Beijing on a Thai Airways flight on Oct. 23 because his own airline’s flights were sold out, Thai Rath newspaper said late yesterday (Oct. 28). Fernandes wrote, “Continuing my travels. I most fly more than a crew. Onto Beijing
Read moreWorld Bank cuts Myanmar’s growth forecast to 1% as conflict worsens
By Reuters and published by CNA ECONOMIC growth in conflict-torn Myanmar will be around 1 percent for the 2024-2025 fiscal year, the World Bank said today (June 12), as escalating violence, labour shortages and a depreciating currency make it harder to do business. In December, the World Bank had projected Myanmar’s economy would grow
Read morePM calls special meeting as Thai GDP growth lags other Asean countries
By Naewna newspaper and Reuters – published by Msn.com PRIME MINISTER Srettha Thavisin who is currently overseas this morning (May 21) posted a message on X that he will be convening a meeting of ministers in charge of the economy on Monday May 27 after learning that Thai GDP growth in the first quarter
Read moreThai Q3 GDP grows 1.5% y/y, below forecast
THAILAND’S economy expanded 1.5 percent in the third quarter from a year earlier, official data showed today (Nov. 20), slower than expectations. On a quarterly basis, Southeast Asia’s second-largest economy grew a seasonally adjusted 0.8 percent in the July-September quarter, data from the National Economic and Social Development Council showed. Economists in a Reuters
Read moreThai growth forecasts may need to be revised down – central bank chief
By Reuters and published by CNA THAILAND’S economy continues to recover, helped by tourism and consumption, though the growth forecast may need to be revised down with exports weak this year, the central bank chief said today (Aug. 9). Inflation was falling faster than expected and interest rate decisions would focus on the economic
Read moreCentral bank raises key rate, trims growth outlook on global slowdown
By Reuters and published by CNA THAILAND’S central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day
Read moreWorld Bank sees sharp world growth slowdown
By Reuters staff, published by Channel NewsAsia Washington – The World Bank today (Jan. 11) cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new Covid-19 variants threatened the recovery in developing economies. It said global growth is expected
Read moreMinistry cuts 2021 growth forecast
The Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures. Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks. Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the
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