Thai GDP growth seen at 3.3% this year – PM
BANGKOK – Thailand’s economy is expected to grow 3.3% this year and 4.2% next year, helped by increased tourism, the prime minister said on Tuesday. The economy in the second quarter showed…
Bears raise bets on Thai baht, dim view on other Asian FX eases – Reuters poll
By Sameer Manekar (Reuters) – Bearish bets on the Thai baht extended on risks around recession, the Chinese economy, and inflation, while short bets on most Asian currencies eased slightly but remained…
Thai economy to improve further in H2 on consumption, tourism – central bank
BANGKOK – Thailand’s economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as pandemic curbs ease, a central bank official said…
Thai exports beat forecast in June on high global demand, weak baht
BANGKOK – Thailand’s customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the commerce minister…
Thai factory output unexpectedly dips 0.08% y/y
BANGKOK – Thailand’s manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic pellets and steel, the industry ministry said…
Thai central bank pledges gradual monetary policy adjustments
BANGKOK – Thailand’s central bank will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, Bank of Thailand Governor Sethaput Suthiwartnarueput told a…
Thai industrial mood rises for first time in 3 months
BANGKOK – Thailand’s industrial sentiment picked up for the first time in three months in June thanks to an easing of COVID-19 restrictions and improved economic activity, an industries group said on…
Thai central bank to ensure uninterrupted economic recovery
By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s economy has clearly recovered and the central bank will ensure the recovery is not interrupted by efforts to tackle higher inflation, the central…
Thai opposition grills PM in parliament as censure debate begins
BANGKOK – Thai Prime Minister Prayuth Chan-ocha fended off accusations of corruption and economic mismanagement in a televised session of parliament on Tuesday, as a censure debate got under way seeking to…
Thai key rate likely to rise at Aug meeting – central bank official
By Orathai Sriring and Satawasin Sta[censored]charnchai BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, a senior director said on Thursday, as other…
Thai National Sentenced for Trafficking Meth and Fentanyl Pills
PROVIDENCE – A Thai national who stored more than a thousand counterfeit Adderall pills containing methamphetamine and/or fentanyl in a child’s backpack inside the apartment he shared with his three young children…
Thai consumer mood at 9-min low in May on living costs, Ukraine war
BANGKOK – Thai consumer confidence dropped for a fifth straight month in May, hitting a ninth-month low, due to worries over higher living costs and the impacts of Russia’s invasion of Ukraine,…
Thai economy still seen growing 3% this year – Finance Minister
BANGKOK – Thailand’s economy is still expected to grow 3% this year, driven by exports, despite global uncertainty, the finance minister said on Monday. However, shipments may see more impacts from Russia’s…
Thai economy improves in May on easing COVID curbs – central bank
BANGKOK – Thailand’s economic activity in May showed gradual improvement as concerns about the pandemic receded and restrictions eased, the central bank said on Tuesday. Issues to be monitored, however, include an…
Victoria’s Secret agrees to finance $8.3 million settlement for laid-off Thai workers
BANGKOK – Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria’s Secret will receive $8.3 million, in what labour activists say is the biggest settlement…
Thai April exports miss forecast over Ukraine war, China lockdown
By Satawasin Sta[censored]charnchai BANGKOK – Thailand’s exports in April rose at a much slower pace than the previous month and less than expected, commerce ministry data showed on Friday, coming under the…
Thai growth outlook good despite planning agency’s downgrade – Finance Minister
By Kitiphong Thaichareon BANGKOK – Thailand’s finance minister said on Tuesday this year’s economic outlook was still good despite the state planning agency’s downgrade of its growth forecast, adding he also hoped…
Thai finance ministry cuts 2022 GDP outlook over Ukraine war
By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s finance ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of…
Thai government says Ramadan bombings won’t derail peace talks with rebels
By Panu Wongcha-um BANGKOK – Ramadan bombings in Thailand’s Muslim-majority deep south will not derail peace talks with separatist rebels, the government said on Sunday after a sidelined insurgent group claimed responsibility…
Thai rebels excluded from talks take responsibility for Ramadan bombings
By Panu Wongcha-um BANGKOK – Thai rebels sidelined from peace talks claimed responsibility on Saturday for deadly bombings in the country’s Muslim-majority deep south that broke a Ramadan holiday agreed between the…
Thai business group trims 2022 growth outlook over Ukraine war
BANGKOK – Thailand’s leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of the Russia-Ukraine…
Nippon Steel buys majority stakes in two Thai steelmakers
TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on Monday. The…
Thai March economic activity pressured by rising inflation, infections
BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the central bank…
Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister
BANGKOK – Thailand’s economy may grow less than the 3.5 to 4.5% forecast this year due to the impact of the Ukraine crisis on tourism, trade and consumption, its finance minister said…
Thai fiscal, monetary policy to help ensure full recovery in 2024 -Finance Minister
BANGKOK – Thailand’s fiscal and monetary policy are still operating together to achieve 4% economic growth this year and ensure a full economic recovery, its finance minister said on Thursday. The central…
Thai domestic car sales jump 25.81% y/y in January
BANGKOK – Domestic car sales in Thailand rose 25.81% in January from a year earlier to 69,455 units, helped by an easing of coronavirus curbs and government support, the Federation of Thai…
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