Election Trump: 'No negative consequences for Thai economy'
Yesterday, to the great surprise of many, Donald Trump was elected the 45th president of the United States. According to Warotai of the Fiscal Policy Office, Thailand need not fear negative economic consequences.
Thailand less competitive and drops on international index
Thailand has dropped to 34th place on the Global Competitiveness Index 2016 – 2017 (GCI). Last year, the country was still in 32nd place. The index looks at productivity and prosperity in 198 countries, as well as aspects such as international trade and services. The economic growth as well as the innovative potential of a country are also included in the ranking.
Possible increase in minimum wage postponed again
The increase in the minimum daily wage of 300 baht has been postponed again. A committee is now being formed that will calculate how high a possible new daily wage should be.
Worry about expensive baht: BoT does not want to intervene
The Bank of Thailand (BoT) understands corporate concerns about the expensive baht and the impact on exports, but it has no plans to intervene.
Bomb attacks cost Thailand 33 billion baht
The economy has been hit hard by the recent bombings. Tourism in particular will feel this, says economist Anusorn of Rangsit University. He expects tourism revenues to fall by 33,4 billion baht in the remaining third quarter. The number of hotel bookings has already decreased by half.
Socrates and Thailand
I want to see with you how we can advise the Dutch industry to trade with Thailand and we do that in a Socratic way. I present a fictional situation to you, ask questions about it and you can respond.
Thailand fears consequences for tourism due to Brexit
The UK's departure from the EU also has implications for Thailand. The country expects consequences for trade, diplomacy and especially for tourism from Europe. The fall of the pound and the depreciation of the euro is expected to deter Europeans from traveling to Thailand.
Consumer prices in Thailand are rising, but inflation remains in line. According to the Bank of Thailand, the rise in consumer prices in May is mainly due to the price increases of petrol and food. In April they went up for the first time after seventeen months.
Unemployment in Thailand increased sharply
Unemployment in Thailand rose in the first quarter of this year from 0,94 percent in the same quarter last year to 0,97 percent of the total labor force.
Drought costs Thailand 119 billion baht
The drought in Thailand is not an ecological disaster but also an economic disaster. According to the University of the Thai Chamber of Commerce (UTCC), the drought will cost 119 billion baht, or 0,85 percent of gross domestic product.
Pridiyathorn, former governor of the Bank of Thailand, warns that household debt in Thailand could rise further due to government stimulus measures such as home ownership promotion.
Reader question: Things are going badly in Thailand economically, when will the blow come?
Things are going very badly in Thailand. The baht has been kept artificially high for years. Unemployment is fictional. For example, Homepro is helping 300 people while only 30 are needed. All paid for by high import duties. So the unemployment rate is a lie.
The French ambassador to Thailand has informed the Thai transport minister that France is interested in developing the high-speed railway from Bangkok to Hua Hin. The French also want to build an aircraft maintenance center at U-Tapao airport near Pattaya.
Thai opposition does not want a 99-year land lease
The government wants to extend the land lease for foreigners from 50 years to 99 years. That would be good to attract wealthy investors and therefore good for the Thai economy.
Start of ASEAN economic community
The year 2016 is also the start of the ASEAN economic community based on the European model in Southeast Asia. The economic community must make a significant contribution to the regional growth and development potential of the participating countries.
Thai economy falters, but Vietnam is growing fast
Thailand's economy has been in a trough for some time. How different is it with neighboring Vietnam. The economy grew by almost 2015 percent in 6,7. That is even higher than the 6,2 percent that the government in Hanoi had set itself.
Economic problems are Thai's main concern
Thais are most concerned about the country's economic problems. This is evident from a Suan Dusit Poll.