Showing 1 - 10 of 422
India-Thai chamber celebrates milestone
News, Poramet Tangsathaporn, Published on 29/08/2024
» The importance of economic relations between India and Thailand was highlighted at an event on Tuesday marking the 80th anniversary of the India-Thai Chamber of Commerce (ITCC).
Q2 GDP growth may be misleading
News, Chartchai Parasuk, Published on 22/08/2024
» I eagerly awaited the release of the Q2/2024 GDP growth figure which became available on Monday. The 2.3% growth figure, presented by the Office of the National Economic and Social Development Council (NESDC), did not surprise me. A friend had warned me that the quarterly growth could be as high as 2.5%, even though my estimation for the quarter was only 1.0%.
Asian shares rally on upbeat US outlook
Business, Published on 17/08/2024
» RECAP: Asian stocks rallied on Friday as traders flocked back into risk assets after robust US jobs and retail sales data eased recession concerns.
China shares lead regional decline as risk rises
Business, Published on 20/07/2024
» RECAP: Asian equities and currencies declined on Friday as economic and geopolitical risks trumped market optimism surrounding US interest-rate cuts. Mainland Chinese stocks in Hong Kong led the region's losses as the Communist Party's third plenum failed to convince investors about economic growth impetus.
Strict loan rules weigh on vehicle sales
Business, Published on 11/07/2024
» We have turned negative on Thailand's vehicle sales for 2024 after recording weaker-than-expected sales results for the first four months of the year, and showing little potential for a rebound over the second half of 2024 due to debt pressure.
Thai economy not good, with growth worsening: Finance Minister Pichai
Reuters, Published on 10/07/2024
» Thailand's economy has not been good for a long time, with growth deteriorating as it faces structural problems, Finance Minister Pichai Chunhavajira said on Wednesday.
CIMBT sees series of policy rate cuts
Business, Somruedi Banchongduang, Published on 10/07/2024
» CIMB Thai Bank (CIMBT) forecasts that the Bank of Thailand is likely to significantly reduce its policy rate by one percentage point between December 2024 and next year, in line with an anticipated cut in the US policy rate.
Thailand's era of economic stagnation
Oped, Thitinan Pongsudhirak, Published on 05/07/2024
» After two decades of political instability and turmoil, it was a matter of time before the Thai economy would exhibit signs of distress and desperation. For decades, the Thai economy has proved resilient with an uncanny knack for bouncing back. But Teflon Thailand may have become a thing of the past. Headlines on the Thai economy have been heading south precipitously. Unless fundamental political reforms take place, Thailand will likely enter a period of low and plateaued growth with risks of grinding stagnation.
SCB EIC wary of risk to foreign investment
Business, Somruedi Banchongduang, Published on 19/06/2024
» SCB EIC, a research centre under Siam Commercial Bank, has expressed concerns about heightened political risks undermining foreign investment in both financial and capital markets, as well as long-term foreign direct investment.
Analysts predict Thai rates likely to stay put
Business, Nareerat Wiriyapong, Published on 14/06/2024
» Analysts are ruling out the possibility the Bank of Thailand will cut interest rates this year after the US Federal Reserve sent clear signals it would trim the US rate only once in 2024, followed by four more cuts next year.