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Structural changes key to push Thai economy beyond 3%: BOT governor
FRIDAY, JULY 05, 2024
The country’s industrial sector must focus on structural and technological changes if it is to draw investment
Contractions in auto, property sectors a blow to economic expansion
THURSDAY, JULY 04, 2024
JSCCIB meeting paints a pessimistic picture of the Thai economy, adjusting downwards its predictions for growth and GDP
Thailand’s GDP will expand by 4.4%, but it will be brief, says IMF
TUESDAY, JANUARY 23, 2024
The International Monetary Fund (IMF) has forecast a 4.4% growth in Thailand’s gross domestic product (GDP) this year compared to last year, due mostly to short-term financial stimuli.
Gloomy global economic outlook outlined in new World Bank report
THURSDAY, JANUARY 11, 2024
In its global economic trend report published on Wednesday, the World Bank forecasts just 2.4% global economic growth year on year in 2024, with higher interest rates a major factor.
Reviving tourism sector expected to fuel 3.2% growth in Thai economy
TUESDAY, JANUARY 02, 2024
Thailand will witness a 3.2% GDP expansion in 2024, driven mostly by a now-flourishing tourism industry.
PM underlines plans to expand GDP at FTI event
THURSDAY, NOVEMBER 02, 2023
Speaking at the Foreign Industrial Club Gala Dinner event hosted by the Federation of Thai Industries at the Athenee Hotel in Bangkok on Wednesday (November 1), Prime Minister and Finance Minister Srettha Thavisin told foreign business leaders that the country is ready for future investments and pledged full support to the private sector in target industries to boost the economy and improve people’s quality of life.
BOT hikes key rate by 25 basis points, forecasts 2.8% GDP growth
WEDNESDAY, SEPTEMBER 27, 2023
The Monetary Policy Committee (MPC) of the Bank of Thailand (BOT) on Wednesday raised the key policy rate by 25 basis points, from 2.25% to 2.5%.
Government revenue exceeds target, pointing to economic expansion
THURSDAY, SEPTEMBER 22, 2022
Revenue collection in 11 months of fiscal year 2022 has exceeded the government's target by 117 billion baht, or 5.5 per cent, the Finance Ministry said on Thursday.
Pinched farm incomes hit purchasing power
FRIDAY, DECEMBER 29, 2017
CONSUMER purchasing power remains weak despite the country’s economic expansion being sustained in November, the Bank of Thailand said yesterday.
ADB forecasts 6pc expansion across Asia
WEDNESDAY, DECEMBER 13, 2017
The Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6 per cent in 2017 as stronger-than-expected exports and domestic consumption fuel growth.