Economy and commerce
Strong Thai baht brings financial woes for expat retirees
An interview with a retired Briton in today’s Bangkok Post illustrates the financial difficulties some expats now face in the Land of Smiles as a result of the strong baht.Brian Maxey moved to Pattaya from the UK to live off his sterling pension, but the ...
May Taylor
MoU signed to boost Thai-Myanmar border trade
Commerce Minister Jurin Laksanawisit said his ministry will be coordinating between businesses in Thailand and Myanmar to strengthen border trade and boost bilateral ties.Myanmar and Thailand also signed a memorandum of understanding (MoU) ton October 1 to boost the transfer of goods across the second ...
The Nation Reporter
Latest RCEP meeting 'very fruitful', says government
The 28th round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) in Da Nang, Vietnam on Sept 19-27 were very fruitful and led to the conclusion of 13 of the 20 chapters in the proposed free trade agreement, the Commerce Ministry said yesterday.Keep reading ...
Phusadee Arunmas & Thana Boonlert
Joint committee lowers growth forecast for 2019
The Joint Standing Committee on Commerce, Industry and Banking has revised downward its forecast of Thailand’s economic growth this year to between 2.7 per cent and 3.0 per cent from the previous projection of between 2.9 per cent and 3.3 per cent.Keep reading ...
The Nation Reporter
Growth outlook below potential, but no crisis yet: BoT governor
Thailand’s economic growth forecast of 2.8% for this year is below potential, the central bank governor said on Monday, adding the bank was ready to review monetary policy if conditions worsen.While the Bank of Thailand (BoT) downgraded the 2019 growth outlook from the previous 3.3% ...
Border trade contracts 0.07%
Trade growth in Thailand’s border areas has slowed down due to the struggling global economy and the ongoing trade war between China and the United States of America. In the first eight months of this year, Thailand’s border trade was valued at 915 billion baht, ...
Praphorn Praphornkul
Experts warn unemployment will rise as world economy slows down
The Economic and Business Research Center for Reform at Rangsit University’s Institute of Economics predicts Thailand’s ease of doing business will improve due to positive impacts of long-term investment, but fears that in the short term, the unemployment rate will rise and personal income will ...
The Nation Reporter
China’s planned focus on domestic economy ‘will hit Thai exports badly’
Thai exporters will face the biggest challenge once China shifts its focus to its domestic economy as a result of is trade war with the United States.In an interview with Nationmultimedia Group, Chinese Ambassador to Thailand Lyu Jian confirmed that though China with continue supporting ...
Wichit Chaitrong
Consumers’ rights to be protected under new MoU
The Electronic Transactions Development Agency (ETDA) last week signed a memorandum of understanding (MoU) with major consumer organizations and private companies on a consumer protection initiative covering products and services sold online.Keep reading ...
The Nation Reporter
Baht may be primed for further gains
The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more.Keep ...