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Search Result for “mpi”

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INVESTMENT

Seeking new engines of growth

Wichit Chantanusornsiri, Published on 22/07/2024

» About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand's golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment poured in, enabling the economy to expand at a double-digit rate while raising hopes that Thailand would become Asia's fifth tiger.

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GENERAL

Manufacturing index declines by 1.5%

Business, Published on 29/06/2024

» Thailand's Manufacturing Production Index (MPI) dipped by 1.5% year-on-year in May to 98.3 points, underscoring the sluggish manufacturing sector despite an increase in exports, says the Office of Industrial Economics (OIE).

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GENERAL

K-Research: Restructuring of industrial sector required

Business, Wichit Chantanusornsiri, Published on 21/06/2024

» Kasikorn Research Center (K-Research) predicts Thailand's Manufacturing Production Index (MPI) will contract by 2% this year, marking the second consecutive year of decline.

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GENERAL

Manufacturing stagnant amid growing climate risks

Business, Lamonphet Apisitniran, Published on 31/05/2024

» Thailand's Manufacturing Production Index (MPI) is expected to remain flat or gain 1% year-on-year in 2024, with climate change among the risks threatening to affect the sector, says the Office of Industrial Economics (OIE).

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OPINION

20 years of errors can't be fixed easily

Oped, Chartchai Parasuk, Published on 30/05/2024

» I have a strong feeling that piecemeal measures are what the economy is going to get from the government to combat Thailand's long-standing economic problems.

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OPINION

Stark reality behind economic figures

Oped, Chartchai Parasuk, Published on 16/05/2024

» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.

GENERAL

Index falls for 18th month in a row

Business, Published on 01/05/2024

» A recent increase in domestic diesel prices is fuelling fresh concerns about inflation as Thailand's Manufacturing Production Index (MPI) fell by 5.13% year-on-year in March, attributed to the sluggish automotive industry, says the Office of Industrial Economics.

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GENERAL

Finance Ministry hits back at digital wallet criticism

Published on 24/04/2024

» The Ministry of Finance has reiterated that the government’s flagship digital wallet scheme is not only intended to offer economic relief to vulnerable groups, but also aims to stimulate the economy.

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GENERAL

MPI declines for 17th month in a row

Business, Lamonphet Apisitniran, Published on 29/03/2024

» Thailand's Manufacturing Production Index (MPI) dipped for a 17th consecutive month in February, falling by 2.8% year-on-year to 99.2 points, as a result of lower manufacturing in key areas like the automotive industry, says the Office of Industrial Economics (OIE).

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OPINION

Structural flaws impede our economy

Oped, Chartchai Parasuk, Published on 21/03/2024

» It took Japan 17 years to learn that a macroeconomic policy is for stabilising an economy, not stimulating growth. Due to low economic growth in the "lost decade" following the financial crisis in the autumn of 1997, the Bank of Japan adopted an unthinkable monetary policy of a negative interest rate in 2007 by pushing the short-term policy rate down to -0.1%.