Tag Archives | Thailand Economy

Global slowdown to have moderate impact: Research

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 […]

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Stagflation looms next year: economist

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 […]

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Sagging global economy a worry for exporters: Bbl

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 […]

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Thailand’s competitiveness ranking slips to 39th

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.  […]

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Government plans upgrade for buses and trains

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 […]

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