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Thailand adapts strategy amid China economic shifts, eyes India as alternative
Thailand adapts strategy amid China economic shifts, eyes India as alternative
SUNDAY, FEBRUARY 04, 2024
Thailand witnessed a contraction of 1% in its overall exports in fiscal 2023. However, when excluding products related to oil, gold and military supplies, there was a modest expansion of 0.6%.SCB EIC sees slow Thai economic recovery amid uncertainties
SCB EIC sees slow Thai economic recovery amid uncertainties
FRIDAY, DECEMBER 15, 2023
SCB EIC revised its growth forecast for 2023 to 2.6% due to a much lower-than-expected Q3 GDP outturn, a large contraction in government spending, and lower tourist arrivals than the previous forecast partly due to a slow recovery of Chinese tourists.Thai export decline in April makes it 7th consecutive month of contraction
Thai export decline in April makes it 7th consecutive month of contraction
TUESDAY, MAY 30, 2023
Thailand’s exports in April contracted 7.6% year on year (YoY), and were worth US$21.723 billion(737.788 baht), marking seven consecutive months of decline, mainly because of the global economic slowdown, the Commerce Ministry said on Tuesday.Thai retailers plead for hourly staff rate, protections after 12% contraction
Thai retailers plead for hourly staff rate, protections after 12% contraction
MONDAY, JANUARY 18, 2021
The Thai Retailers Association is pleading for government help after Covid-19 sent the retail index plunging from 2.8 per cent growth in 2019 to a deficit of 12 per cent last year – its first ever two-digit contraction.
Life assurance company shifts to health business in wake of Covid-19
Life assurance company shifts to health business in wake of Covid-19
TUESDAY, JUNE 30, 2020
The Covid-19 impact has triggered a significant change in the life-assurance industry, which is expected to contract by 3 to 5 per cent this year, said Sara Lamsam, president and chief executive officer at Thai Life Assurance Plc. BOT sees dark cloud of 8% contraction looming over economy
BOT sees dark cloud of 8% contraction looming over economy
WEDNESDAY, JUNE 24, 2020
Thailand’s economy this year will contract 8.1 per cent, its worst point ever, because the Covid-19 crisis has had a greater impact on both the Kingdom’s and global economy, says the Bank of Thailand (BOT).World Bank optimistic of Thai economic recovery next year despite likely contraction in 2020
World Bank optimistic of Thai economic recovery next year despite likely contraction in 2020
THURSDAY, APRIL 02, 2020
The impact of the Covid-19 outbreak will be severe beyond expectation, the World Bank warned but added it was confident that Thailand has the financial resources and innovative policies to deal with the challenges.
5.3 per cent contraction seen for Thai economy 2020
5.3 per cent contraction seen for Thai economy 2020
WEDNESDAY, MARCH 25, 2020
The Thai economy is expected to sharply contract by 5.3 per cent this year as the Covid-19 pandemic continues to weigh on global financial markets, economy and people, says the Bank of Thailand. U.S. factories extend contraction as index misses forecasts
U.S. factories extend contraction as index misses forecasts
MONDAY, DECEMBER 02, 2019
America's industrial heartbeat remained faint in November as a measure of manufacturing contracted for a fourth straight month against a backdrop of weaker orders and subdued production. Stocks and the dollar fell, while Treasuries rallied.
