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Search Result for “trillion baht”

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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.

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LIFE

Foreign buyers show interest in Thai films at Cannes

Aekarach Sattaburuth, Published on 15/05/2024

» CANNES, France: Thai films being showcased at the 77th Cannes Film Festival are attracting attention from prospective international buyers, a development that promises a brighter outlook for both the Thai film and tourism industries, the government says.

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GENERAL

PM likens nation to ‘Asian Switzerland’ as investment climbs

Mongkol Bangprapa, Published on 15/05/2024

» Thailand has the potential to attract large international companies with the aid of its Land Bridge megaproject and other draws, Prime Minister Srettha Thavisin said on Wednesday, likening the country to a “Switzerland of Asia” in terms of investment attractiveness.

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THAILAND

Manaporn defends Land Bridge plan

News, Supoj Wancharoen, Published on 14/05/2024

» Deputy Transport Minister Manaporn Charoensri on Monday defended the government's plan to build the one-trillion-baht Land Bridge megaproject, saying it has garnered a lot of interest from foreign investors.

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GENERAL

Bureau sees 15% hike in overall NPLs

Business, Somruedi Banchongduang, Published on 14/05/2024

» The National Credit Bureau (NCB) recorded a 15% increase in overall non-performing loans (NPLs) in the first quarter of this year, primarily driven by auto and mortgage loan payment defaults.

OPINION

Could the Palestinians be bought out?

Oped, Gwynne Dyer, Published on 14/05/2024

» Last week a despairing reader asked me if the solution to the "Middle East Problem" might be to throw money at it: just buy the Palestinians out. Offer every Palestinian in the Israeli-occupied territories enough money to settle somewhere else, and the endless wars might finally end.

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INVESTMENT

Asian shares on course for third week of gains

Business, Published on 11/05/2024

» RECAP: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing US labour market stoked optimism about interest rate cuts before the year is out.

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GENERAL

Central bank urged to take FIDF debt burden

Business, Wichit Chantanusornsiri, Published on 11/05/2024

» A proposal by a Finance Ministry official to shift the debt burden responsibility of the Financial Institutions Development Fund (FIDF) to the Bank of Thailand (BoT) has been put forward, as the central bank is already responsible for repaying both the principal and interest of the debt.

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THAILAND

THAIFEX – ANUGA ASIA 2024 Sets New Global Benchmarks

Published on 10/05/2024

» The Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand (TCC), The Thai Chamber of Commerce, and Koelnmesse (KM), are set to host THAIFEX – ANUGA ASIA 2024, the largest and most comprehensive food and beverage trade show in Asia, from 28th May to 1st June 2024 at IMPACT Muang Thong Thani. Under the concept of “Beyond Food Experience”, the event will transcend a mere food trade show. It will provide a platform for food and beverage businesses, retailers, supermarkets, department stores, hotels, hypermarkets, restaurants, and those seeking partnerships and business negotiations, to connect with leading Thai and international companies. Participants will stay updated on the latest product trends and consumer demands to enhance business success. Business negotiations will take place over five days, and the general public will be allowed to visit and purchase products on the final day of the event.

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GENERAL

Thai food exports expected to see 2% growth this year

Business, Phusadee Arunmas, Published on 10/05/2024

» Thailand expects to stimulate food export growth of 2% this year as it prepares for THAIFEX-Anuga Asia 2024, Asia's leading food and beverage trade show.