Bangkok Post
BoT: Inflation to hover around lower band of target by year-end
The Bank of Thailand said on Tuesday that headline inflation should decline and hover around the lower band of its target range of 1%-3% by the end of the year.A jump in inflation in the second quarter was deemed as temporary due to the low ...
Ministry ready for more mini-FTAs
Thailand aims to clinch deals to form deeper trade partnerships through “mini-FTAs” with Hainan, China and Telangana, India by August after the country on Monday inked a memorandum of understanding (MoU) to form a mini free trade agreement (mini-FTA) with Kofu city in central Japan.Commerce ...
Phusadee Arunmas
Committee cuts GDP forecast to 0-1.5% amid latest outbreak
A private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% ...
Somruedi Banchongduang
New factory registrations drop in Q3
The Covid-19 pandemic has presented an unpleasant picture for new factory registrations, with a sharp decrease in new factories and facility expansions in the third quarter of 2021, according to the Department of Industrial Works (DIW).From October 2020 to June 2021, factory expansion projects decreased ...
Bangkok Post Reporter
Consumer confidence hits record low
Consumer confidence dropped to a record low in June, dented by the country’s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in ...
Bangkok Post Reporter
Vaccine dispersal key to driving exports
The government is being urged to speed up allocation of Covid-19 vaccines to the manufacturing sector to increase exports, which are the only engine driving the country’s economy.Chaichan Chareonsuk, president of the Thai National Shippers’ Council (TNSC), said the group repeated its call for the ...
FTI urges the state to relocate factories
The Federation of Thai Industries (FTI) has suggested that the government relocate factories out of residential areas, following the plastics factory inferno, to prevent accidents in the future.Some incentives should be offered to factory owners, including a 2% reduction of land tax and a reduction ...
Lamonphet Apisitniran
Economy may miss forecast if virus outbreak prolonged
Thailand’s economy faced significant downside risks and limited policy room should be preserved to be used for the most effective time, the central bank’s minutes of its last meeting showed on Wednesday.A prolonged coronavirus outbreak could cause Southeast Asia’s second-largest economy to underperform the baseline ...
Exports seen rising more than 7% y/y in Q3
Thailand’s exports are expected to rise more than 7% in the third quarter from a year earlier and 6% in the final quarter of the year, lifted by higher global demand and a weaker baht, the Thai National Shippers’ Council said on Tuesday.Exports could grow ...
Ministry eyes soft loans for operators
The Tourism and Sports Ministry plans to ask the Finance Ministry for 10 billion baht in soft loans to help operators prepare their businesses for the mid-October reopening deadline.Phiphat Ratchakitprakarn, the tourism and sports minister, said if the Phuket sandbox operates smoothly, his ministry will ...
Bangkok Post Reporter
