The Thai Industries Sentiment Index (TISI) in May showed its first rise in seven months, as operators saw positive signs in the economy. along with the alleviation of some Thai political problems.
Suphan Mongkolsuthee, chair of the Federation of Thai Industries (FTI), said TISI rose to 85.1 in May compared with 84.0 in April as operators saw positive signs in the economy. along with the alleviation of some Thai political problems. The index is based on orders, sales, production and operating results.
The FTI predicts the Thai economy will grow by more than 2.5 per cent or nearly 3 per cent this year. Earlier it expected the economy to shrink by 1 per cent.
Thai automobile exports jump 9% in May
Thailand’s automobile exports in May jumped 9.02% to 94,788 units, amounted to 45.55 billion baht, as compared with the same month last year.
The exports increased 35.79% from the previous month, according to the Federation of Thai Industries.
FTI said for the first five months of the year, exports totalled 456,101 units, up 2.94% year-on-year, bringing in 214.96 billion baht, up 8.73% year-on-year.
But total output in May slid 36.08% year-on-year to 148,201 units due to the high base in 2013 when the first-time car buyer scheme was running.
The number, however, rose by 16.94% from the previous month since April has several holidays.
These brought the number of auto output from January to May to 792,423 units, down 29.49% year-on-year.
Economic slowdown triggered by politics and the delays of rice-pledging payments and infrastructure projects also forced domestic sales in May to fall 37.7% year-on-year and 4.88% from the previous month.
Online intellectual property dispute platform to go live next year
The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.
Thailand pushes for “Ease of Doing Business” reforms
Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.
Thailand remains in pole position for the highest funds raised across Southeast Asia
Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively
THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.(more…)
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