Export of palm oil estimated at 800,000 metric tons
Thailand anticipates exporting 800,000 metric tons of crude palm oil this year to help stabilize local fresh palm nut prices. Wattanasak Sur-iam, the director-general of the Internal Trade Department, noted…
Bank of Thailand sees a gradual decline in household debt trend
The Bank of Thailand foresees a continued improvement in the reduction of Thailand’s household debt relative to GDP, as the nation’s economic recovery progresses and loan growth moderates. Thailand’s household…
BYD purchases a 20% share in Thai dealership
Chinese electric vehicle manufacturer BYD has announced its acquisition of a 20% stake in Rever Automotive, its local distributor in Thailand. Thailand serves as BYD’s largest market outside of China,…
Vietnam poised to accelerate economic growth towards 7%
Vietnam’s economy is on a fast track for growth, with the possibility of surpassing the government’s 6.5% target this year, as stated by Planning and Investment Minister Nguyen Chi Dung…
Asian stocks and currencies conclude the week positively
Asian stocks and currencies finished the week positively as the prospect of Fed rate cuts boosted market sentiment. Thai equities saw a rebound, driven by energy stocks amid rising oil…
Inflation for June of 0.62% Falls Short of Predictions
The Commerce Ministry announced that headline consumer price index (CPI) inflation increased by 0.62% in June compared to a year ago, following a previous annual growth of 1.54%. This June…
Bitcoin falls to lowest since Feb
Bitcoin has experienced a fourth consecutive trading session decline, marking part of a broader cryptocurrency sell-off that contrasts with the recent record highs seen in global stocks. The digital asset…
Decrease of 0.4% in fuel consumption
Thailand saw a 0.4% year-on-year decrease in total fuel consumption to 157.1 million liters per day between January and May. This dip was linked to higher energy costs and the…
Bank of Thailand Sees No Need for Interest Rate Cuts Amid Slow Economic Recovery
Thailand’s economic rebound is gradual and has not yet reached its full potential, but according to Bank of Thailand governor Sethaput Suthiwartnarueput, there is presently no requirement to lower interest…
Vendors Enroll in Digital Wallet Program
The Ministry of Commerce reports that approximately 1.6 million vendors are poised to enroll in the digital wallet program, aiming to invigorate the economy, boost store revenues, and lower living…