Showing 1 - 10 of 390
Waiting for the dominoes to fall
Business, Post Reporters, Published on 17/07/2023
» Thai politics stands at a crossroads as an attempt to form a new government by eight coalition parties was blocked by military-appointed senators during the vote for a premier in parliament last week.
Thailand affirmed at BBB+, outlook stable
Business, Published on 15/07/2023
» Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. Among the key ratings drivers are:
Hoping for a quick political resolution
Business, Published on 15/07/2023
» Whichever faction of parties comes together to form a new government, the business sector insists there is an urgent need to swiftly establish an administration.
Backup plan in works in case budget is delayed
Wichit Chantanusornsiri, Published on 14/07/2023
» The Ministry of Finance is preparing a backup plan to sustain the economy if delays in forming a new government affect budget disbursement for the 2024 fiscal year starting on Oct 1.
Consumers upbeat for 13th month
Business, Phusadee Arunmas, Published on 14/07/2023
» Consumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices.
Tourism operators jittery over protests
Business, Molpasorn Shoowong, Published on 14/07/2023
» Tourism operators are worried about possible protests that could harm the image of the country, while hoping a government is formed as soon as possible.
Delay poses risks to the economy
Business, Phusadee Arunmas, Published on 14/07/2023
» The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.
Companies on edge regarding delay
Business, Post Reporters, Published on 13/07/2023
» The private sector has grown increasingly concerned about the delay in the new government’s formation, which could affect new investments and the tourism sector.
Trade takes another hit
Business, Published on 10/07/2023
» The value of Thai exports dipped for an eighth consecutive month in May, falling by 4.6% to US$24.3 billion, contributing to an overall decline of 5.1% to $116 billion in the first five months of this year.
Sentiment forecast to remain flat in Q3
Business, Pitsinee Jitpleecheep, Published on 10/07/2023
» Retail sentiment in the third quarter is expected to remain bearish because of political challenges, according to the Thai Retailers Association (TRA).