Connect with us
CGIF-10th-Year-Anniversary

Economics

Thai Trade Contracts for third consecutive month in March

Thailand’s exports shrank for the third consecutive month in March, hit by weak oil prices and resulting in the downward revision of the country’s export growth forecast for the year.

Avatar

Published

on

Thailand’s exports shrank for the third consecutive month in March, hit by weak oil prices and resulting in the downward revision of the country’s export growth forecast for the year.

Raw customs data showed Thailand’s exports totaled $18.88 billion in March, a 4.45% year-over-year fall, Chutima Bunyapraphasara, permanent secretary of the Commerce Ministry, told a news conference.

Exports contracted 3.46% in January and 6.14% year-over-year in February.

Thai export value fell 4.45% year on year in March due to global economic slowdown, Commerce ministry’s permanent secretary Miss Chutima Bunyapraphasara said.

Thailand exported goods worth 610 billion baht in March, down by 4.45% year on year.

In the first quarter of this year, Thailand’s export contracted by 4.68% year on year.

Thailand’s exports, which account for around two-thirds of the country’s gross domestic product, contracted 0.41% in 2014.

Meanwhile International Trade Promotion Department’s director-general Nantawan Sakuntanaga said Thailand’s export is likely to grow between 0.5 and 1%  this year.

However, she said it is still possible that the export this year could register a 1.2% growth or 7.3 trillion baht, provided that the oil price stays at US$70 per barrel in the second half of this year and the value of farm products remain similar to that of last year.

Comments

Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

(more…)
Continue Reading

Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Boris Sullivan

Published

on

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

(more…)
Continue Reading

Economics

COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries

Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.

Boris Sullivan

Published

on

Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending