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Thai exports in September hit record 9-month period high

Thai exports in September soared to their highest level in nine months, but fell by 8.5 per cent year-on-year, according to the Commerce Ministry. …

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Thai exports in September soared to their highest level in nine months, but fell by 8.5 per cent year-on-year, according to the Commerce Ministry. …

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Thai exports in September hit record 9-month period high

Thailand continues to reduce import tariff rates for various products.
Imports from new ASEAN member countries also have lower import duties. As part of ASEAN Integration System of Preferences (AISP), tariffs of products such as vinegar, chili, certain vegetables, wood products, and electronic switchboards imported from Cambodia, Myanmar and Lao PDR are either reduced or abolished from September 2008.

Exports contracted 25% year to year in July

Thai exports in September hit record 9-month period high

The government also uses tariff measures as a tool to promote energy policy. To encourage the use of natural gas as an alternative fuel for vehicles, the government has exempted import duties of many natural gas-related tools and equipment such as bio-fuel conversion kits, natural gas containers, and chasses.

External stability in Thailand was upheld by high international reserves, while trade and current account were close to balance. Regarding internal stability, inflation rose from last year in line with higher oil prices, despite a downward trend during the second half of the year. Unemployment rate remained low in Thailand in 2008 but employment started to deteriorate in the forth quarter, particularly in the production sector affected by economic slowdown.

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Economics

Thailand’s think tank urges cheap fares for new rail routes

The TDRI recently compared the average fare per trip in Bangkok with those of Singapore, Hong Kong and London using a purchasing power parity (PPP) adjustment.

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The Thailand Development Research Institute (TDRI) is studying how electric train fares could be adjusted along new routes to ensure fairness and affordability to all commuters.

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Economics

IMF cut global growth GDP in 2019 to 3.3% warning of higher risk

The International Monetary Fund (IMF) announced its downward revision of global growth estimate in 2019 to 3.3%, down from 3.5%, and of global trade volume estimate to 3.4% from 4%

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The International Monetary Fund (IMF) announced its downward revision of global growth estimate in 2019 to 3.3%, down from 3.5%, and of global trade volume estimate to 3.4% from 4% as previously assessed in the World Economic Outlook in January 2019.

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Banking

SCB cuts GDP growth forecast to 3.1%

The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China

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SCB cuts GDP growth forecast to 3.1%

Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war between the United States and China has affected exports, tourism and investment.

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