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[Update] Inflation dropped for 2nd consecutive month to 5.98% in October
Thailand’s headline inflation slowed down for the 2nd consecutive months to 5.98% year-on-year in October as oil and food prices continued to drop, the Ministry of Commerce (MOC) said.The headline consumer price index (CPI) was at 108.06 points in...
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Shipping industry set to report drop in profitability going forward as rates normalize, analysts put ‘hold’ rating on stocks
The recent high flying shipping industry’s earnings are starting to normalize, and analysts anticipate the overall revenues to start to decline as global economies slow and shipping congestion starts to ease.The 1st of the earnings was reported by Precious...
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ADVANC says its profits dip amid rising competition and lower consumer spending
Intense competition coupled with declining consumer spending power has prompted Thailand’s largest mobile phone operator – Advanced Info Services Plc (ADVANC) to report a decline in the company's third quarter earnings.ADVANC, the country’s largest mobile phone operator with a...
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Thai FinMin Arkhom expects GDP to rise by 3.4% in 2022, remains cautious for 2023 plans new stimulus to spur growth
Thailand’s Minister of Finance - Arkhom Termpittayapaisith, said he expects this year’s gross domestic product to grow by as much as 3.4% on the back of tourism recovery and the continued growth momentum in the export sector.Arkhom said that...
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Thailand’s tourism returns to spur growth, but downside risks remain as global recession expected in 2023
Thailand’s tourism is back on track and hopes are that things are likely to get better going forward amid reports emerging that China is set to open its borders in the very near future.Tourism, which accounts for more than...
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Thailand’s economic conditions likely to be held back due to global recession in 2023 says JSCCIB
The expected global economic slowdown is one of the biggest concerns for Thailand's growth in 2023, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).“The global trade expansion has the potential to slow down along with...
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Bank of Thailand clamps down on freer property LTV, move likely to have impact on developers in 2023
Thailand’s property sector could face uphill battle to revive its sales next year after the Bank of Thailand (BoT) came out to lower its relaxed loan to value (LTV) effective January next year.The relaxed LTV that the BoT had...
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Thai shippers said export expansion could reach 9% in 2022 before slowing down to less than 5% in 2023
The Thai National Shippers' Council (TNSC) expects Thai exports to expand by 2-5% in 2023, compared to at least 8% in 2022.“There is a possibility that exports could expand by 9% in 2022, if it expanded by 5% in...
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The Thai economy continued to recover in September and the economy in Q3 also improved from Q2
Thailand’s economic recovery “remained on track” in September with higher income from tourism but lowered manufacturing output, the Bangkok of Thailand (BoT) said.The Thai economy in Q3 of 2022 also continued to improve from Q2 with more than 3.6...
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Factory output rises 3.36% in September, lower than market expectations
Thailand’s manufacturing production index (MPI) expanded by 3.36% year-on-year in September, thanks to rising economic activities, tourism recovery and export expansion, the Ministry of Industry said.The market was expecting a growth rate of at least 6%, following a 14.92%...