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BUSINESS

Bank NPLs slow to 2.73% of lending at December's end

Reuters, Published on 20/02/2023

» Thai banks' non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.

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BUSINESS

Consumer confidence at 26-month high in Jan

Reuters, Published on 09/02/2023

» Thai consumer confidence rose for an eighth straight month in January, bolstered by a rebound in tourism and government stimulus measures, but the high cost of living remained a worry, a survey showed on Thursday.

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BUSINESS

Thai exports seen up 1-2% in 2023 - shippers

Reuters, Published on 07/02/2023

» Thailand's exports are likely to grow by 1% to 2% this year, unchanged from a previous forecast, according to the Thai National Shippers' Council.

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BUSINESS

Monetary tightening faces challenges - Bank of Thailand

Reuters, Published on 08/02/2023

» Thailand's rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.

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BUSINESS

Factory output worse than forecast

Reuters, Published on 31/01/2023

» Thailand's factory output in December dropped more than expected, as a global slowdown hit demand for Thai exports, the Ministry of Industry said on Tuesday.

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BUSINESS

Economy may grow 4% on tourism - minister

Reuters, Published on 01/02/2023

» Thailand's economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased domestic consumption, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Wednesday.

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BUSINESS

Lunar New Year spending seen at 3-yr high

Reuters, Published on 19/01/2023

» Thailand's consumer spending over the Lunar New Year period could rise 13.6% to 45 billion baht (US$1.36 billion), a three-year high, as the economy recovers and China's border reopening bolsters tourism, a university survey showed on Thursday.

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BUSINESS

Thailand beats 2022 tourism target with 11.15m arrivals

Reuters, Published on 24/01/2023

» Thailand received 11.15 million foreign visitors in 2022, a surge from just about 428,000 the previous year when broad travel curbs were in place, tourism ministry data showed on Tuesday.

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BUSINESS

Baht down ahead of policy decision

Reuters, Published on 25/01/2023

» Asian emerging markets trickled back to life on Wednesday after the Lunar New Year holiday, with the baht dipping ahead of a central bank policy rate decision, while Singapore shares hit a near nine-month high ahead of inflation data.

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BUSINESS

Thailand, EU look to resume free trade talks by March

Reuters, Published on 26/01/2023

» Thailand and the European Union (EU) have agreed to restart negotiations over a free trade agreement, officials said on Thursday, nearly a decade after talks were stalled by a military coup in the Southeast Asian country.