SCB EIC to revise Thailand’s 2023 growth forecast to 2.6% and 3% in 2024
According to SCB EIC, the growth forecast for Thailand in 2023 has been revised down to 2.6% due to lower-than-expected GDP and a slow recovery of Chinese tourists. The economy…
Sino-Thai announces major restructuring for 2024
Part of that restructuring, according to STEC director Pakpoom Srichamni, is the setting up of STECON Group (Public Company) as the holding company. This aligns with the new strategic direction…
Thailand Mega Fair event in Saudi Arabia opens door to Middle Eastern markets
Foreign Minister Parnpree Bahiddha-Nukara said the event was proof of the commitment to partnership between the two countries, as he presided over the fair’s opening on Wednesday. Parnpree, who also…
Thai PM announces waiving of visas for Japanese business travellers prior to Tokyo visit
Before Prime Minister Srettha Thavisin will pay an official visit to Japan from 14 to 18 December, the Cabinet has approved measures to waive visa requirements for Japanese business travellers…
Thailands household debt soars to 90.7%
Thailand’s household debt has reached 90.7% of the country’s GDP in the second quarter of this year, posing a significant challenge for the government. The increase in debt is mainly…
Thailands GDP to grow 3.6% next year
Thailand’s GDP is expected to grow by 3.6% in 2023, driven by robust private consumption and a recovering labor market, according to the OECD. The organization commends Thailand’s swift response…
BOT keeps policy interest rate at 2.5%
The Monetary Policy Committee in Thailand has decided to keep the policy rate at 2.50 percent. They considered the current economic recovery and its impact on inflation and financial stability.…
FTA (Free Trade Agreement) talks with the EU gets reboot
Thailand is preparing to resume Free Trade Agreement (FTA) negotiations with the European Union (EU) after they were halted in 2014 due to a coup. The talks are expected to…
Thailand aims to secure $5 billion investment deal with Tesla
According to the Nation Group, Thai Prime Minister Srettha Thavisin is working towards securing a $5 billion investment deal with Tesla. He has been actively seeking foreign investment and has…
The SET to implement short selling restrictions
The Thai Securities and Exchange Commission (SEC) is urging the Stock Exchange of Thailand (SET) to implement stricter pricing rules for short selling. This includes requiring brokers to disclose the…