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Thailand’s Finance Ministry Expects 3.6% Economic Growth this Year

– BANGKOK – Thailand’s Finance Ministry said on Thursday that the economy is expected to grow 3.6% this year, up from 3.2% last year, boosted by increased demand for Thai exports and government expenditure. Spokesman Krisda Chinavicharana said exports were growing faster than expected due to the improving economies of trading partners. Government spending continued […]

April 27th, 2017 | Posted in Economy & Business,Regional News | Read More »

Thailand Under Strain from Tourism Surge

  – BANGKOK – Thailand’s tourist industry faces “trouble” without urgent investment to cope with an expected near-doubling of visitors to 60 million by 2030, a top official has warned. Pongpanu Svetarundra, permanent secretary to the tourism ministry said Thailand must press ahead with plans to expand ports, airports and railways to deal with a […]

April 26th, 2017 | Posted in Economy & Business | Read More »

President Donald Trump’s Say’s US Dollar “is Getting too Strong”

– WASHINGTON – President Donald Trump’s remark Wednesday that the US dollar “is getting too strong” suggests Treasury Secretary Steven Mnuchin may express preference for a weaker dollar during the two-day meeting of G-20 finance ministers and central bank governors from Thursday in Washington. A senior United States Treasury Department official said on Thursday that […]

April 14th, 2017 | Posted in Economy & Business | Read More »

Government Warns Local Merchants Over Profiteering During the Songkran Festival

– BANGKOK – The government is warning local traders not to profiteer during the Songkran festival, and insists it has yet to approve price increase requests by traders for the festive period. According to Deputy Commerce Minister Sontirat Sontijirawong, the ministry has assigned the Internal Trade Department, which supervises domestic product prices, to closely monitor […]

April 11th, 2017 | Posted in Economy & Business | Read More »

Thailand’s Ministry of Commerce to Launch Songrkan Sales Event

– BANGKOK – The Ministry of Commerce has dispatched officials to prevent opportunistic pricing at transportation terminals, while launching Blue Flag Fairs at Bangkok Railway Station, Northern Bus Terminal, and Southern Bus Terminal. Deputy Commerce Minister Sontirat Sontijirawong said he instructed the Department of Internal Trade to monitor the price of products sold during the […]

April 10th, 2017 | Posted in Economy & Business | Read More »

Kingsgate Consolidated to Sue Thai Government for Closure of Chatree Goldmine

– SIDNEY – Kingsgate’s Chief Executive Officer Greg Foulis of Australian mining company Kingsgate Consolidated  said they will seek compensation from Thailand’s military Government over the closure of a goldmine last year. The company said efforts to negotiate had been snubbed by Thai officials and alleged the shutdown breached a free trade agreement designed to […]

April 4th, 2017 | Posted in Economy & Business | Read More »

Thailand Earmarks $4.65 Billion for Electric and Hybrid Cars

– BANGKOK – Thailand’s Board of Investment has approved four investment applications worth more than 161 billion baht ($4.65 billion) and a promotion scheme for electric cars, the state investment agency said on Friday. Of the pledges, Thailand’s Gulf Group will invest in two electricity generating projects worth a combined 118 billion baht, the Board […]

March 25th, 2017 | Posted in Automotive,Economy & Business | Read More »

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