Thai-EU trade talks to start next week
Thailand is preparing to begin negotiations for a free-trade agreement with the EU, known as the Thai-EU FTA. The aim is to conclude this agreement within two years. Auramon Supthaweethum,…
Thailand dealing with growing global headwinds
Thailand’s economic recovery may encounter impediments owing to a global economic deceleration. The economic stimulus policies introduced by the new coalition government also carry the potential for elevating government debt…
Thailands digital money campaign to be launched in Feb 2024
The Thai government has officially announced its intention to launch a digital money campaign in February 2024 as part of its broader strategy to invigorate the economy and foster digital…
BOI (Board of Investment) approves 20 Taiwanese electronic investment projects worth 30 Billion baht
The Board of Investment (BoI) in Thailand has granted approval for 20 new investment projects valued at 30 billion baht from Taiwanese electronics companies. This strategic move is geared towards…
Thailand’s rice exports surge 11.9%
Thailand’s rice exports have surged by 11.9% compared to last year, reaching 5.29 million tonnes from January to August 2023. However, India’s ban on rice exports has caused a global…
BOT (Bank of Thailand) lowers growth projection to 3.6% for 2023
The Bank of Thailand has revised its growth projection for 2023 downward due to lower-than-expected GDP growth and inflation rates. While private consumption and the tourism sector are expected to…
Thailand’s household debts are rising
Thailand is currently experiencing a steady increase in household debt, particularly in areas such as auto loans and debts from savings cooperatives, as reported by the secretary-general of the National…
Thailand’s Economic expansion adjusted lower due to a recovery that has fallen short of expectations.
Thailand’s GDP growth for Q2 2023, at 1.8% year-on-year, proved weaker than anticipated. This outcome has prompted a downward revision in the annual growth projection for the year, from 3.0%…
Thai exports shrank for the 10th consecutive month in July.
In July, Thai exports declined for the 10th consecutive month, experiencing a more substantial drop than anticipated. This decline can be attributed to sluggish global demand and decreased global commodity…
Car production in Thailand increased by 4.72% in July
Car production in Thailand experienced a notable increase of 4.72% in July compared to the corresponding period last year. This growth was primarily driven by the surge in car exports,…