Thailand to revise economic forecast for 2022 World

Thailand to revise economic forecast for 2022

Thailand's Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, said a ministry source who requested anonymity.
Thailand shifts focus to high value-added economy World

Thailand shifts focus to high value-added economy

Thailand’s National Economic and Social Development Council (NESDC) has approved a framework for the country's 13th national economic and social development plan, spanning from 2022 to 2026, with the focus placed on high value-added economic development.
NESDC: Thai economy posts highest contraction since 1998  World

NESDC: Thai economy posts highest contraction since 1998

The State planning agency National Economic and Social Development Council (NESDC) of Thailand said on February 15 that the country’s gross domestic product (GDP) shrank 6.1 percent in 2020 due to the wide spread of COVID-19 pandemic, the highest contraction in the past more than two decades.
Thailand faces labour shortage due to border closures ASEAN

Thailand faces labour shortage due to border closures

A labour shortage, particularly in manpower-intensive industries such as agribusiness and food processing, is likely to intensify over the long term in Thailand as the COVID-19 pandemic makes it difficult for foreign labourers to move across borders.
Thailand’s July exports drop 11.3 percent World

Thailand’s July exports drop 11.3 percent

Thailand’s exports in July contracted 11.3 percent year on year to 18.81 billion USD, while its imports were valued at 15.47 billion USD, contracting 26.38 percent compared to the same period last year.
Thailand cuts key rate to record low to help economy ASEAN

Thailand cuts key rate to record low to help economy

The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.
Thailand to adjust 20-year national strategy World

Thailand to adjust 20-year national strategy

The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Thailand: Drought and disease menace job prospects World

Thailand: Drought and disease menace job prospects

Thailand's employment is projected to face numerous risks this year, with widespread drought, poor exports, the delay of the fiscal 2020 budget and the outbreak of the coronavirus disease (COVID-19) weighing on jobs.