Slower economic recovery and shrinking exports are the main reasons quoted by the BoT for the lower adjustment, as well as the impact of the drought that could be more severe than expected.
Modest recovery in Southeast Asia and sustained growth in India will partly offset continued moderation in the People’s Republic of China and the associated spillover into neighboring economies, said ADB in its latest Asian Development Outlook 2016 report. Risks to the...
The recovery is expected to strengthen moderately, with real GDP growth projected at 3 percent in 2016 and 3.2 percent in 2017. A slight improvement in confidence and low energy prices foreshadow a pickup in private consumption.
Thailand is currently at an important crossroads. Major changes are occurring in the economic, social and political spheres that will have far reaching implications for the future of this country.
The biggest of online platforms have grown to a scale never before seen, and their users are increasingly international.
Earlier this week, the Securities and Exchange Commission (SEC) again demonstrated to its state regulating peers that it is doing its job to enforce rules reported the Bangkok Post
As the Royal Thai Army plotted its coup against the democratically-elected government in May 2014, Thailand was the second largest economy in ASEAN, and stood on the brink of signing a landmark Free Trade Agreement with the EU.
The region's second largest market, Thailand, expanded by 5.2% in the fourth quarter after declining by almost 15% in the first nine months of the year. Buyers rushed into the market in the final months of the year ahead of scheduled increases in excise taxes on key models. The industry remains downbeat about the market's growth prospects this year, however, reflecting the sluggish domestic economy and the recent tax increases.