Connect with us
CGIF-10th-Year-Anniversary

Corporate

Thailand out of deflation says Commerce Ministry

Avatar

Published

on

Thailand’s consumer price index (CPI) in November rose for the second consecutive month, signalling that deflation is over, said Yanyong Puangraj, Permanent Secretary for Commerce. The CPI rose 1.9 per cent year-on-year in November. The rising inflation – mainly resulting from an increase in food and beverage prices – was some 0.6 per cent. Compared to the previous month, it rose 0.3 per cent thanks to rising domestic oil prices.

However, the CPI in the first 11 months of 2009 contracted 1.2 per cent year-on-year owing to reduced fuel and clothing prices, Mr Yanyong said.

The inflation rate of 2009 is projected to stay at zero to minus 1.0 per cent.

The permanent secretary for commerce said the rising CPI is a good sign of the economic rebound, adding that the government should further implement economic stimulus policies and speed up budget disbursement on the Thai Khem Keng (Strong Thailand) scheme.

The Bank of Thailand (BoT), he said, is expected to maintain the current interest policy rate (at 1.25 per cent). However, further baht appreciation and soaring fuel prices are an inflationary pressure, while the Dubai World crisis and devaluation of Vietnamese dong are not likely to have major impact on Thai economy.

Mr Yanyong added that t he Dubai World crisis might slightly impact the country’s inflation rate as the current crisis relates to the financial sector rather than overall economic situation and the Thai export value to Dubai is around 5.7 per cent of the whole country’s export value.

Meanwhile, the devaluation of Vietnamese dong may affect Thailand’s exports, in particular competitive goods such as clothing, shoes, electronic devices, computers and rice.

The inflation rate of 2009 is projected to stay at zero to minus 1.0 per cent.

via MCOT English News : Thailand out of deflation: Commerce Ministry.

Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

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

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

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…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(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