Strengthening Thai Baht Strangling Thailand’s Economy

The groups are asking for government moves to contain the the gains of the Thai Baht and for the Bank of Thailand (BoT) to cut interest rates.

Strengthening Thai Baht Strangling Thailand’s Economy

BANGKOK – In a joint statement, three leading business associations slashed their 2019 economic growth and export forecasts for Thailand as the Thai Baht continues it strength. The Federation of Thai Industries, the Thai Bankers’ Association and the Board of Trade of Thailand slashed their growth estimate to 2.9% to 3.3% from the 3.7% to […]

Thailand’s Board of Trade Sees Bleak Future for Private Sector Exports

The Commerce Ministry reported recently customs-cleared exports fell 4.9% year-on-year in March to US$21.4 billion after a 5.9% rise in February to $21.6 billion.

Thailand’s Board of Trade Sees Bleak Future for Private Sector Exports

BANGKOK – Thailand’s first quarter’s weak economic performance has prompted the private sector to take a dimmer export view, predicting the country’s overall shipments may grow just 2.1% this year. Sanan Angubolkul, vice-chairman of the Board of Trade of Thailand, said exports are under siege by a raft of external risk factors, while the value […]