Bank of Thailand Lowers Growth Projection for 2023 to 3.6%

The Bank of Thailand has reduced its growth projection for 2023 due to lower-than-expected GDP and inflation rates.

Rice prices to climb on the back of India’s export ban

The ban implemented by India has caused uncertainty among rice exporters worldwide. With the largest supplier out of the market, traders in various countries are anxiously waiting to see how prices will be affected before making new deals

Thai Industrial Sentiment Improves for the First Time in Three Months

Thailand’s industrial sentiment has increased for the first time in three months in June due to higher domestic demand.

Thailand’s FTA strategy to open up new markets

Thailand has been actively pursuing FTAs with various countries and regions, both bilaterally and multilaterally. As of July 2023, Thailand has signed 13 FTAs with 18 countries or regions, covering about 60% of its total trade value.

Thailand Investment Applications Rise 70% in H1 says BOI

Foreign direct investments (FDI) saw a significant increase of 141%, with global companies favoring Thailand as a manufacturing base in industries such as electronics, food processing, and automotive, particularly in the electric vehicle (EV) supply chain.

Forbes’ Global 2000 list includes 17 Thai companies

The ranking encompasses companies from 58 countries, with the US having the highest representation of 611 companies, followed by China with 356 companies. Thailand has 17 companies

Thailand to foster higher quality rice

The Thai government’s latest initiative is a significant step forward in its efforts to improve the quality and yield of the country’s rice harvest

Thailand’s exports to increase slightly by 1% in 2023

Exports, a major factor in Thai growth, may decline by 5% to 6% in the first half of the year compared to the same period last year before rebounding in the second, the council predicted in a statement.