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Thailand

Feb exports unexpectedly rise 5.91% year-on-year

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Customs-cleared exports unexpectedly rose in February, after contracting for three consecutive months, due to one-time shipment of arms and weapons, the Commerce Ministry said on Thursday. Exports in February rose 5.91% from a year earlier, compared with a Reuters poll prediction of a 1% drop in shipments, a key driver of Thai growth. In January, shipments contracted 5.65% from a ... Read More »

No major harm to Thailand from Brexit, say experts

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UK lawmakers rejected May’s Brexit agreement proposal by 391 to 242 votes in the House of Commons. The no-deal Brexit option – a scenario in which the UK would leave the EU without any agreement in place – was also rejected by the Commons. The UK is due to leave the EU on March 29. UK lawmakers were voting last ... Read More »

Bangkok Bank showcases innovative technologies from eight finalists

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Bangkok Bank InnoHub, the first global FinTech taccelerator in Thailand, has showcased innovations and real-use cases from the programme’s eight finalists to the public, potential investors and others in Thailand’s innovation ecosystem on Demo Day. The eight startups, which were selected from 128 applicants across 28 countries, have all passed a “real use-case” with Bangkok Bank, meaning that everyone has ... Read More »

Bank of Thailand awaiting KTB probe of Energy Earth loans

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The Bank of Thailand is waiting for a complete report from Krungthai Bank (KTB) on the investigation into loans extended to Energy Earth, including serious allegations against CIMB Thai (CIMBT) chief executive Kittiphun Anutarasoti, before deciding on whether he is eligible to be a bank executive. KTB has consistently reported on findings regarding its accusation against Mr Kittiphun to the ... Read More »

Thailand’s Investment Outlook For 2019

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Although the country’s growth rate is among the lowest in ASEAN, Thailand serves as a gateway to one of the world’s most dynamic markets. In the 2019 World Bank Group report, Thailand garnered a score of 78.45 out of 100 in the ease of doing business. It is ranked 27 out of 190 economies and second among its ASEAN neighbors, ... Read More »

January exports exceed forecast, boost from China, Thailand

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KUALA LUMPUR: Malaysia’s exports in January 2019 rose at a faster-than-expected pace of 3.1% year-on-year (y-o-y) to RM85.4bil, underpinned by expansion in exports to China, Thailand and South Korea, compared with a Bloomberg survey of a 0.6% contraction. The Statistics Department announced on Monday re-exports were valued at RM17.5bil (+0.4%) and accounted for 20.5% of total exports. Domestic exports increased ... Read More »

Thailand Approves 40 Billion Baht Projects To Promote EEC Development

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The Thailand Board of Investment (BOI) has approved investment incentives for five projects with a total investment of value of over 40,462 million baht ($1.3 bln). The highest investment proposal comes from a Chinese investor, Ju Xunning, who plans to invest 10.06 billion THB (322 million USD) to establish a car tyre production project in Chon Buri province. A project ... Read More »

BOI Pushes “Thailand Investment Year” To Accelerate Economic Shift

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To promote the new package and share with investors Thailand’s updated investment policy and incentives, BOI sets “Thailand Investment Year – What’s New?” as the theme of its annual seminar scheduled for 4 March 2019. Main discussions and content will be centered around new investment measures that will be in focus this year, as well as the investment support from ... Read More »

Bangkok Airways launches street food menu

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Amornrat Konsawat, product development boss at Bangkok Airways, said the airline would soon offer a new in-flight street-food menu. It would include pad Thai with shrimp, stir-fried chicken with basil leaves served with jasmine rice, roasted duck noodles, Thai vermicelli with fish curry, streamed spicy rice with chicken, southern-style spicy minced chicken served with jasmine rice, Thai spicy and sour ... Read More »

FPO rehashes bill to levy pollution tax

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The Fiscal Policy Office (FPO) has dusted off a bill that enables the Finance Ministry to impose taxes and fees on polluters in a fresh effort to fight environmental problems. A law that comprehensively handles environmental problems concerning air and water pollution as well as waste is necessary, said Lavaron Sangsnit, director-general of the FPO. The lack of such a ... Read More »

Travelers caught smuggling meat into Thailand could face jail sentence

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Thailand has introduced heavy punishments for travelers caught transgressing regulations on bringing meat into the country. Since an African swine fever epidemic began sweeping China in August last year, infections have been reported in 25 provinces and major city areas. Thailand is an increasingly popular destination for Chinese tourists so the outbreak has worried local authorities. In order to safeguard ... Read More »

FORGET THE JUNTA: DOES KING VAJIRALONGKORN HOLD ALL THE CARDS IN THAI POLITICS?

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THE THAI DRAMA lasted ostensibly less than a day. But the shock waves of the February 8 political earthquake triggered by Princess Ubolratana Rajakanya’s abortive prime ministerial candidacy – vetoed by her younger brother King Maha Vajiralongkorn within hours – are still being felt as the Thai public grapples with the meaning of that moment. The motivation behind the monarch’s ... Read More »

Thailand Slips To 99th Rank In Corruption Index

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Why is Asia Pacific making little to no progress in its anti-corruption efforts? One of the reasons is an overall weakening of democratic institutions and political rights, says Patricia Moreira, Transparency International’s managing director. Thailand ranked No.99, on par with the Philippines, out of 180 countries and territories in the survey. Thailand’s ranking was 76 in 2015 and sinked down ... Read More »

Gold prices steady at B19,550

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Gold prices were unchanged at 19,550.00 baht per baht-weight in Bangkok on Monday. The Gold Traders Association announced the buying price at 19,450.00 baht and the selling price at 19,550.00 baht per baht-weight for bullion. For ornaments, the buying and selling prices were 19,101.60 baht and 20,050.00 baht per baht-weight respectively. The prices were adjusted once on Saturday, up 50 ... Read More »

Gold prices fell B100 to B19,400

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Gold prices dropped 100 baht to 19,400.00 baht per baht-weight in Bangkok on Thursday. The Gold Traders Association announced the buying price at 19,300.00 baht and the selling price at 19,400.00 baht per baht-weight for bullion. For ornaments, the buying and selling prices were 18,950.00 baht and 19,900.00 baht per baht-weight respectively. On Wednesday the buying and selling prices closed ... Read More »

Thai E-Commerce Shoots Up To 3.2 Trillion Baht In 2018.

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The Ministry of Digital Economy and Society (DE) revealed that Thai e-Commerce grew the most in ASEAN with changes in consumer behaviour in 2018, estimating that the value would shoot up to 3.2 trillion baht. The number of Internet users in Thailand has grown 4 times over the past 10 years, and many Thai-International platforms have grown to support the ... Read More »

Thailand’s Central Group investing US$200m in Grab

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SINGAPORE: Central Group, which controls Thailand’s biggest shopping mall and department store operator, plans to invest $200 million in ride-hailing giant Grab, people familiar with the matter said. The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand, said the people, who asked not to be named because the information is private. Read More »

A Challenging Baht For The Thai Economy In 2019 ?

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Thanks to Thailand’s walloping US$207 billion of foreign reserves, Thai baht’s climb of about 5% against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. This may be good news if you plan to travel abroad, but not so good if your business is exporting Thai products. According to KBank ... Read More »

Fast Asia Open: China GDP, Thailand trade data

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There is rising concern among global investors that a Chinese growth slowdown will drag down the world economy. If reported growth on Monday morning comes in below expectations, the news could spark a global equity sell-off. Economists have pencilled in a median forecast of 6.4 per cent year on year growth for China’s gross domestic product in the fourth quarter. ... Read More »

Gold prices up B50 to B19,550

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The Gold Traders Association this morning announced the buying prices at 19,101.60 baht per baht-weight for gold ornaments and 19,450.00 baht per baht-weight for gold bars. The selling prices were set at 20,050.00 baht per baht-weight for gold ornaments, and 19,550.00 baht per baht-weight for gold bars. The prices rose 50 baht from close. The buying prices closed on Saturday ... Read More »