Growth of the Thai economy in the first and second quarters was significantly higher than in 2014, but remained far below the average regional rates, as weak exports and subdued investment in Thailand continued to dampen the economy.
Tag Archives | Thailand Economy
Thailand should witness a moderate effect from the reduced global activity compared with other emerging Asian economies thanks to the moderate correlation to global growth, according to a research by Barclays Capital. Thailand’s correlation to global growth was 48.8 per cent, putting it in fifth place among nine economies listed in the research titled “Emerging […]
Thailand, like other Asian countries, is likely to face stagflation next year, with lower economic growth against high inflation, in light of “debt monetisation” of advanced economies and growing demand in China, according to an economist. Kobsidthi Silpachai, head of market and economic research at Kasikornbank, said Thailand could witness slower growth in gross domestic […]
Bangkok Bank yesterday expressed concern that the global economic crisis could deal a severe blow to the export sector next year, while all businesses might face problems, including lenders. Decha Tulanan, vice chairman of the country’s largest bank by assets, said the worldwide downturn from the slowing US and European economies would be a stiff […]
Thailand’s competitiveness ranking further slid, weighed down mainly by the poor political instability which led to poor infrastructure and poor innovation, according to the Global Competitiveness Report 2011-2012 released by the World Economic Forum. Out of 142 economies, Thailand is ranked the 39th, falling one place from the previous year and the 36th in 2009. […]
Deputy Transport Minister Chatt Kuldiloke last week vowed to upgrade the country’s railway network as his first priority, besides the procurement of 4,000 NGV buses. “I think the railroads must be changed substantially as they do not meet the [international] standard,” he said. In an interview with The Nation, Chatt conceded that he is close […]
New Finance Minister Thirachai Phuvanat-naranubala is questioning the Bank of Thailand’s hawkish focus on inflation by lifting the policy interest rate again, saying it would be a key obstacle for businesses.
Regional rivals and foreign investors ready to act if higher minimum wages make Thailand less competitive.
Thailand could witness its economic growth slow to 4-4.5 per cent this year, given its automotive sector hit by the supply chain disruptions from Japan’s disasters and the tightened monetary stance to curb inflation, according to the Asian Development Bank.
Key elements of the incoming government’s populist policies, particularly the planned increase in the minimum wage and heavy subsidies, are a major concern for companies, as they fear the measures will slow the business sector down over the remainder of the year and during 2012.