Showing 1 - 5 of 5
UOB slashes GDP growth to 2.4%
Business, Nareerat Wiriyapong, Published on 09/05/2024
» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.
Analysts trim growth for this year and next
Business, Nareerat Wiriyapong, Published on 04/05/2024
» Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.
Delta lays out investment plans
Business, Nareerat Wiriyapong, Published on 13/03/2024
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, is set to invest between US$500 million and $1 billion to expand its manufacturing and R&D capacity over a five-year period, with the majority to be allocated to Thailand, says chief executive Victor Cheng.
Baht projected to weaken following poor economic figures
Business, Nareerat Wiriyapong, Published on 01/03/2024
» Despite recent appreciation, the baht remains under pressure to weaken and is expected to move in a range of 36-36.50 to the US dollar this month because of weak economic data, high exposure to rising freight costs, and rifts over interest rate cuts, say analysts.
Analysts downgrade Thai GDP growth outlook for 2023
Business, Nareerat Wiriyapong, Published on 22/11/2023
» Analysts have downgraded Thailand's economic growth forecast for 2023 after data indicated a much lower third-quarter GDP expansion than expected while there are uncertainties surrounding the controversial digital wallet policy.