The economy expanded at its fastest quarterly pace in four years in the first quarter, boosted by recovering exports, said NESDB in its latest report.
The traditional and colourful ceremony held from 8.19am to 8.49am was presided over by His Majesty King Maha Vajirarongkorn, and attended by members of the Royal Family.
Asian Development Bank President Takehiko Nakao has called for more investments in infrastructure to support continued growth in Asia and the Pacific
Thailand's focus on food innovation should not come as a big surprise for anyone knowing the country : Thailand is a farming powerhouse and Thai people are notoriously obsessed by food.
EIC projects that export value will grow by only 1.5% in 2017. This is firstly because oil price is expected to normalize beginning in the second quarter.
The EEC project will connect with 10 target industries under the Thailand 4.0 policy which takes into account the shifting of Thailand's economy to value-based, innovation-driven economy.
ADB forecasts 3.5% growth for Thailand in 2017, but the country is still on subpar growth when compared with its Southeast Asian peers
The value of Thai exports grew by 0.5%YOY in 2016, turning to positive growth for the first time in 4 years.