The weakening of the baht for this moment stemmed from an outflow of foreign capital after investors dumped shares in the Stock Exchange of Thailand (SET), according to the Thai…
TDRI: Weaker baht due to foreign capital outflow
In January 2009, the overall economy in Thailand continued to contract from the same period last year, with continual large contractions in manufacturing production and export. Private consumption and investment trended downward, in line with a considerable drop in import. Furthermore, major crops production and price continued to decelerate, resulting in a slowdown in farm income. Nevertheless, tourism sector observed a smaller contraction. External stability remained sound with high international reserves as well as trade and current account surpluses following a marked decrease in import. Regarding internal stability, January’s inflation in Thailand turned negative for the first time since October 1999. Even though the unemployment rate remained low, manufacturing employment continued to decline.
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.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Advance booking for Thailand national park visits extended to 60 days
Bangkok, 23 November, 2021 – The Tourism Authority of Thailand (TAT) would like to advise that tourists can now preregister...
China Sustains Huge Ecommerce Development Investment Flows into ASEAN
What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and...
Bangkok Airways resumes Phuket – U-Tapao and Samui – U-Tapao routes in December 2021
Bangkok, 24 November, 2021 – Bangkok Airways has announced that it will resume two more of its domestic services which...
Why Vietnam is Forecast to be the Fastest Growing Internet Economy in Southeast Asia
Since the beginning of the pandemic, customer demand for online purchases has increased dramatically. More than 70 percent of Vietnam’s...
Youth unemployment hits new highs in Thailand due to COVID-19 restrictions
BANGKOK, Thailand (ILO news) - Joblessness among young men and women in Thailand has reached a level unseen in recent...