Economy in Thailand
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THAILAND, 2017/08/22
The Thai economy expanded at a faster pace in the second quarter, the National Economic and Social Development Board said Monday.
Gross domestic product expanded 3.7 % on a yearly basis, following the 3.3 % increase in the previous quarter.
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THAILAND, 2017/04/10
Reforms lifting foreign ownership ceilings may prompt a wave of overseas investment in Thailand’s insurance sector, though the industry’s highly competitive environment could as well see smaller operators come under pressure.
Opening doors
On January 18 the Ministry of Finance (MoF) published amendments to regulations governing foreign participation in the Thai insurance sector, further opening the industry to overseas investment .
Under the new regulations, foreign companies may control 100% of the shares of a domestic insurance firm, up from the previous ownership cap of 49%, while non-Thai citizens can presently comprise additional than half of a company’s board of directors.
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THAILAND, 2017/03/06
The government has confirmed it is going ahead with a plan to create a "triangle city model" in the three southern border provinces to improve the quality of life in the region and will push for economic increase of 2 billion baht or additional in each one in 2017, government spokesman Sansern Kaewkamnerd said on Sunday.
The "triangle city model" project will turn three districts in the far South — Sungai Kolok in Narathiwat, Betong in Yala and Nong Chik in Pattani — into models of sustainable development in terms of their economy and security.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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BRUNEI , 2015/11/18
Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday.
The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies.
The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement.
"Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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THAILAND, 2014/05/30
Thailand, once prized in Southeast Asia for its relative economic stability, is in danger of inheriting the “Sick Man of Asia” tag. The new coup by the military to end a stalemate between Yingluck Shinawatra’s government and its opponents threatens to send investors scurrying to other nations in the region.
The economies of Vietnam, Indonesia, Malaysia, and the Philippines are expected to grow additional than 5 % this year, while Thailand, whose gross domestic product shrank by 0.6 % in the initial quarter, may fall into a recession. Credit Suisse Group (CS) recently estimate that Thai stocks will underperform other markets in the region for one to three years, saying the May 22 “coup leaves investors little reason to remain .” Moody’s Investors Service (MCO) estimated that economic increase could drop 2 to 3 % points from its precrisis 4.5 % if the political instability lasts for a year.
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THAILAND, 2013/06/24
Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of a lot of illustrating a boom in the Thai economy beyond the bright lights of Bangkok.
The malls, factories and construction sites in Thailand's northeast are emerging alongside its farms as a potent economic fuel in one of Asia's top emerging markets. Increase in Thailand, Southeast Asia's second-biggest economy, has begun to slow, but the economy of the northeast is in the grip of a boom.
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THAILAND, 2013/02/23
The government has finally had some breathing space to roll out its Thaksin-inspired consumption-driven policy schedule. The street protests against Thaksin’s Yingluck government have not gone away — between October and November 2012, a royalist-conservative anti-Thaksin movement called Pitak Siam (Protect Siam) mobilised additional than 10,000 demonstrators. But such protests have failed to produce the broad-based support that they did in 2005–06 and 2008 at the same time as they entirely overturned the Thaksin and pro-Thaksin governments.
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THAILAND, 2012/12/11
Thailand is the majority familiar Asian country for most Australians, from now on while extra than half Japan’s direct investment into Southeast Asia goes there, the kingdom attracts a diminishing fraction of Australia’s investment abroad.
The stock of Australian investment in Asean’s second-largest economy last year was almost static at $2.1 billion – Malaysia, Indonesia and The Philippines each invested extra than $5bn and Singapore $21.3bn.
