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Search Result for “fiscal year”

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GENERAL

NESDC slashes growth forecast to 1.8%

Published on 19/05/2025

» The state planning unit has slashed its economic growth forecast for this year to 1.8%, down from its earlier projection of 2.8% due to the impact of the global trade war.

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GENERAL

Thailand slashes growth forecast on impact of trade war

Published on 19/05/2025

» Thailand significantly lowered its forecast for economic growth this year as the global trade war undercuts private investment and exports, adding to already-weak consumption at home.

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GENERAL

Thai economy saw Q1 boost ahead of higher US tariffs

Bloomberg News, Published on 19/05/2025

» Thailand’s economy grew at a faster-than-expected pace last quarter as businesses front-loaded orders in a bid to avoid the Trump administration’s threatened 36% tariff. Gross domestic product in the January-March period rose 3.1% from a year earlier, the National Economic and Social Development Council said on Monday.

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GENERAL

Midpoint of Trump tariff hiatus to reveal increasingly unsettled world

Published on 19/05/2025

» Reports in the coming week may give the fullest reading to date of how major economies are faring with trade disruptions, halfway through US President Donald Trump’s 90-day hiatus on so-called reciprocal tariffs.

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GENERAL

Would more debt fix the economy?

Business, Wichit Chantanusornsiri, Published on 17/05/2025

» A total of seven emergency loan decrees were issued from 1998 to 2021, authorising combined borrowings of 3.83 trillion baht to address various economic crises, including the Asian financial crisis and the Covid-19 pandemic.

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GENERAL

US loses last triple-A credit rating as Moody's cuts on growing government debt

AFP, Published on 17/05/2025

» WASHINGTON — The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

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THAILAND

Phu Kradueng cable car edges closer

News, Apinya Wipatayotin, Published on 17/05/2025

» The long-debated cable car project in Phu Kradueng National Park, Loei province, has once again come under public scrutiny, raising concerns about its alignment with sustainable development goals.

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GENERAL

Asian markets cool after rally fed by trade truce

Business, Published on 17/05/2025

» RECAP: Asian markets limped into the weekend as investors consolidated gains after a week-long rally spurred by a truce in the China-US trade war.

GENERAL

Panel to discuss stimulus measures on Monday

Wichit Chantanusornsiri, Published on 16/05/2025

» New economic stimulus measures will include short-term investment initiatives, spanning four to five months, designed to sustain economic growth of at least 2% this year, according to finance permanent secretary Lavaron Sangsnit.

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GENERAL

Consumer confidence drops for third month in a row

Business, Phusadee Arunmas, Published on 16/05/2025

» The consumer confidence index (CCI) dropped for a third consecutive month in April to hit its lowest level in seven months, attributed to concerns over US tariffs, falling agricultural product prices, and political uncertainties.