Tag Archives | Economy

Oil biggest risk to Thai growth in Q1

Thailand’s economy should continue its growth in the first quarter, but high oil prices will soften domestic demand, says the Fiscal Policy Office. Rising political instability in the Middle East and North Africa have forced the FPO to raise its forecast for Dubai crude prices, the benchmark for East Asia, by nearly 10% for the current quarter, said […]

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Contraction looks set to narrow in Q3

The Thai economy likely posted a contraction of between 3.5% and 4% in the third quarter compared with the year before, according to Ekniti Nitithanprapat, a spokesman for the Finance Ministry. This would be a sharp improvement from the 4.9% year-on-year decline seen in the second quarter and the 7.1% contraction posted in the first quarter.

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Government sees export revival in 2010

The government has set an export growth target next year of between 10%and 15%, aiming to increase shipments both to established key markets and new markets. “The government’s trade promotion next year will focus specially on small and medium-sized enterprises, which currently bring the country exports worth up to Bt1.69t a year, or about 28.9% of total exports,” said […]

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Thailand a winner in Japan poll

Thailand is poised to benefit from the new Japanese government’s strategy of forming closer ties with Asian economies, says the Japanese Chamber of Commerce (JCC) but it urges the Thai government to do more to stimulate the local economy. (Bangkok Post)

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PM sees economy gaining strength

Prime Minister Abhisit Vejjajiva is optimistic the Thai economy will turn around in the final quarter of this year. In his weekly address on television and radio yesterday, Mr Abhisit said statistics released by the National Economic and Social Development Board show the national economy contracted 4.9% during the second quarter of this year, an improvement from the 7.1%contraction […]

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