The consequences of Brexit for Thailand
While British Prime Minister Theresa May wriggles through all sorts of bends to get the Brexit deal over the line in a way that is acceptable to everyone, we read all too often about the economic consequences, say loss of prosperity, for the United Kingdom itself and the European countries.
Strong Thai Baht bad for export and tourism
Exporters in Thailand are concerned about the appreciation of the Thai Baht against the US dollar. They therefore hope that a new government will stabilize the volatile baht so that it aligns with the currencies of regional and trading partners.
If you go on holiday in Thailand or live there, you will mainly see people who work in the informal sector. This sector provides affordable food, transport, relaxation and much more for a large part of the population.
Postponing the election will hurt the economy
Recently, “The Nation” reported that delaying free elections in Thailand could lead to investment delays and could harm the economy.
Grand development plans for Thailand
A number of posts have written about the “East Economic Corridor” (EEC) in Thailand. This area is to become Thailand's main hub for trade and industry. This requires good connections with the CLMV countries Cambodia, Laos, Myanmar and Vietnam.
Update investments by the Thai government
As promised, hereby an update of "investments by the Thai government". Given the many reactions to the posting of the first article, I thought it would be a good idea to post an update now, in which all reactions have been processed. Of course I also included the projects that have now also been announced.
Investments by the Thai government
At first glance, Thailand is doing well economically. You could at least deduce that on the basis of the gigantic investments in the infrastructure that will have to be made in the coming years.
The trade war between America and China
While the trade war between the US and China would not pose an immediate problem for Thailand, the reality is that the impact is already being felt by businesses here.
The (economic) situation in Thailand
Before the upcoming elections in February 2019, it is hoped that there will be a public discussion about Thailand's economic prospects and economic policies. It can start from Tuesday 11 December because the political parties are allowed to campaign from that day.
China and Thailand promote trade and economic cooperation
China and Thailand signed an agreement yesterday to promote trade and economic cooperation between the two countries. The agreement covers: trade, investment, science/technology, digital cooperation, tourism, finance and regional economic cooperation.
Bank of Thailand less optimistic about export growth and economy
The Bank of Thailand (BoT) is less optimistic about exports. The forecast that it will grow by 9 percent this year is unlikely to be met. The main reasons for this are the trade war between the US and China and a decline in world demand.
Thailand pumps 200 billion baht into its economy
Dechapiwat Songkha, director of the Budget Bureau, says that more than 200 billion baht will be pumped into the Thai economy in the new budget year (October - March).
The ASEAN Conference in Hanoi
On Tuesday, September 11, the ten Asean countries met in the capital of Vietnam -Hanoi- for a three-day conference. The member states, which in addition to Thailand also include Myanmar, Malaysia, Indonesia, the Philippines, Brunei, Singapore, Cambodia, Laos and Vietnam, will discuss the trade war between the important neighbor China and the United States for three days.
Thai government is trying to entice Chinese investors
The Thai government is trying to attract Chinese investors during trade talks with China in Bangkok. Particularly affiliation with China's Belt and Road is interesting for the Thai economy.
Important Trade Talks Between China and Thailand in Bangkok
The sixth trade talks with China will take place in Bangkok on Friday, August 24. On the agenda are trade, investment and economic cooperation, which will be discussed at the Government House in Bangkok.
Thailand is less competitive than last year and has dropped three places on the IMD World Competitiveness Ranking, an annually published ranking of economic competitiveness drawn up by the Swiss business school IMD.
Nida poll: Respondents pessimistic about economy
Many Thais believe the country's economy is in a worse shape in the first quarter of 2018 and see little hope in the government's economic stimulus policies, according to a survey by the National Institute of Development Administration (Nida Poll).