Search Results for: GDP
- News
10 good news stats from today’s economic forecast
The first four months of 2018 have seen the Thai economy surge ahead, Some key numbers were released today about the good news in the country’s financial report card. The value of exports rose 12.3% in April, year-on-year. • This month’s rise in exports is the 14th consecutive month of growth. In April Thailand shipped out 120,000 tonnes of durian,…
- News
NCPO Four Year anniversary – Has Prayut brought happiness back to Thailand?
COMMENT Today is the fourth anniversary of the NCPO (National Committee of Peace and Order) coup which overthrew the elected Yingluck Shinawatra government in 2014. At the time it was claimed that the coup was necessary to stop Thai protesters harming each other and ‘to bring happiness back to the people’. General Prayut rode into the capital, Army in tow,…
- Travel
Maya Bay – let the healing begin
By Piyaporn Wongruang – The Sunday Nation It was around 10 in the morning. There was peace and tranquility at Maya Bay and its beach with just a few speedboats docking in front of the bay. The crystal clear deep blue turquoise sea water filled the vision of Plianprasop Khaonual, a long-time park ranger and among the first who explored…
- News
Access to Maya Bay, from the front, permanently closed
The closure of Maya Bay has come about after profound changes by chiefs of Thailand’s marine national parks. It’s been revealed that, far from being a knee-jerk reaction, the plan to close the famous tourist magnet is just the start of an entire new approach to marine conservation. The closure is seen as an entry point for new tourism management…
- News
Bangkok property trends continue to point upward
Bangkok’s property market continues to show price growth with an eight-point increase in the DDproperty Property Index from 205 to 213 in the first quarter of 2018. A strong opening for 2018, this growth is on the back of an improving economic outlook and an expected increase in Gross Domestic Product (GDP) this year to 4.2 percent (up 0.3 percent…
- News
Closing Maya Bay – Tough steps to save reeling paradise
By Piyaporn Wongruang The young American backpacker Richard found his way to Bangkok, arriving in Khao San Road bustling with backpackers, before venturing further to a so-called paradise, where he joined the neo-hippie lifestyle pursued by a number of adventurous tourists who arrived before him. It’s Maya Bay on Phi Phi Island, famously chosen as the so-called paradise setting for…
- News
That was 2017. This is 2018. Thai Economy
by Patrick Cooke, Regional Editor for Asia. Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year growth of 3.3% in the first quarter, 3.8% in the second…
- Thai Life
Boat Lagoon Yachting announces mega shipment of private yachts
Boat Lagoon Yachting, Thailand’s largest importer and distributor of luxury yachts, has made history in the region’s yachting industry with the importation of the largest single shipment of luxury yachts, worth over 1,400 million baht. The shipment comprises nine luxury yachts manufactured in the UK by Princess Yachts, with sizes ranging from 19 metres to a superyacht of over 30…
- News
THAIGER TODAY Tuesday, October 3
‘Trade talk’ between Prayut and Donald at White House | Police have issued a Blue Notice to Interpol over Yingluck’s disappearance | Thailand looking to revise it’s GDP predictions | Khon Kaen bus driver caught using his phone whilst driving.
- News
Thailand’s tourism numbers continue to soar
The tourists keep arriving, the numbers keep soaring. Assuming the numbers have to plateau at some stage, when will that be? For the past 20 years, through floods, bombings, coups, political upheavals and a few unsolved, mystery murders, Thailand’s tourist arrival numbers just keep rising and rising, heading into unfamiliar territory. So many people have predicted doom and gloom –…
- News
The Thai Canal – cutting through the project’s hype
(Photo from mothership.sg) September 11, 2017 was the latest gathering of minds related to the challenges in establishing the much-discussed Kra Canal (now referred to as the Thai Canal) in Bangkok. The canal, if it happens, would slice a new shipping canal through the the slimmest section of the Malay Peninsula, anywhere from Chumpon to south of Phuket. The Thai…
- News
World Bank upgrades Thailand’s growth projections
The World Bank on Thursday upgraded its economic growth projections for Thailand to 3.5 per cent from the 3.2 per cent estimated previously. The Bank said that economic growth in Thailand is gaining momentum, with global growth and recovery from severe droughts buoying an expansion of GDP by 3.3 per cent in the first quarter and 3.7 per cent in…
- Business News
Kata Group taps into trillion-yuan wedding market
PHUKET: Kata Group Resorts Thailand aims to host up to 2,000 weddings in Phuket over the next three years after forming an alliance with Travel Wedding (Beijing) to exploit the growing market of Chinese honeymooners. The group, which owns seven hotels in Thailand, this month launched a range of wedding and honeymoon products to be exclusively promoted in China to…
- Phuket News
Ten baht minimum wage increase to be proposed for Phuket
PHUKET: A proposal to raise the minimum wage in Phuket by 10 baht a day is to be presented to the Cabinet by the Central Wage Committee of the Ministry of Labor. During a committee meeting held yesterday, an overall increase of 5-10 baht was proposed for 69 of the country’s 76 provinces, whereas the remaining provinces, including Nakhon Sri…
- Thai Life
Keep it green: Implications of climate change
PHUKET: The world’s two most powerful countries, the United States and China, have just formally agreed to ratify the Paris climate change agreement. This landmark commitment, sealed last December after two weeks of intense negotiations, needs to be ratified by 55 countries, representing 55 per cent of global emissions, in order for it to come into effect. According to a…
- Bangkok News
Bangkok surpasses London as world’s top destination city
BANGKOK: The Thai capital, projected to welcome 21.47 million international inbound visitors this year, has been awarded the ‘World’s Best City Award’ for the fourth year in a row. The awards are organized by Travel and Leisure magazine. According to the annual Mastercard Global Destinations Cities Index released today, Bangkok edges out second-ranked London, which is set to welcome 19.88…
- Business News
Finance: Investment potential of the Philippines
PHUKET: I recently spent a week in the Philippines – a country long labeled with the dubious distinction as ‘the sick man of Asia’ and a country investors might want to take a closer look at. The Philippines’ presidential and vice presidential election on May 9 saw the rise of Rodrigo Duterte, after incumbent President Benigno Aquino III (who took…
- Phuket News
Scarce hauls concern local fishermen, conservation officials
PHUKET: As fishermen across Phuket and Krabi returned to shore after the July 1 reopening of the season, their meager catches furrowed foreheads and drew exasperated sighs. Fish stocks are dwindling, and many of western Thailand’s captains and deck hands are worried as a fog of uncertainty obscures the future of their industry – and livelihoods. “Every year it keeps…
- Business News
Finance: Keep calm and let’s talk Brexit
PHUKET: The results of the Brexit vote have shocked markets almost as much as it has shocked the global and Brussels’ elites, with plenty of talk of impending doom and gloom for the UK and the markets. For example, the Morgan Stanley strategy team was quick to proclaim they expect European stocks to fall 15 to 20 per cent from…
- Thailand News
Thailand tourism faces uncertainty over Brexit fallout
MARKETS across Asia are reeling after it became known this afternoon that Great Britain will exit the European Union. Investors are fleeing to more stable currencies, such as the US dollar, the Swiss Franc and the Japanese Yen, causing major upheavals in Japan whose government has been trying to devalue the Yen in an effort to increase exports and stimulate…
- Phuket News
Surge in registrations of new companies
PHUKET: New company registrations in the country set a two-year high last month, which the Commerce Ministry attributed to the government’s investment promotion measures and strong tourism growth. New business registrations reached 6,176 in March – up eight per cent year on year and 10 per cent from February. Pongpun Gearaviriyapun, director-general of the Business Development Department, said yesterday that…
- World News
Thailand quarantines 32 people after second MERS case confirmed
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community Thailand quarantines 32 people after second MERS case confirmed Phuket Gazette / Reuters PHUKET: Bangkok, Thailand has quarantined 32 people as it seeks to prevent the spread of Middle East Respiratory Syndrome (MERS) after a second case of the virus was detected on Friday, a health…
- Thai Life
On Deck: Preparing to set sail with AEC
PHUKET: As we near the end of the year there’s more and more talk about the ASEAN Economic Community (AEC). Set to be implemented in December 2015, the details are sketchy at best, but don’t let that dampen your optimism. The AEC is a work in progress. I’m going to gaze into my marine industry crystal ball in a moment…
- World News
ASEAN establishes landmark economic and security bloc
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community ASEAN establishes landmark economic and security bloc Phuket Gazette / Reuters PHUKET: Southeast Asian nations yesterday established a formal community that attempts to create freer movement of trade and capital in an area of 625 million people with a combined economic output of $2.6 trillion. The…
- Business News
Charter rejection boosts economy
PHUKET: The rejection of the draft charter by the National Reform Council with a vote of 135-105 last week, along with measures to spur the economy worth a combined 136 billion baht, should overall have a positive affect on consumption, investment, and tourism, while also boosting internal economic activity, said Dr Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics.…
- Business News
Charter rejection, stimulus package to boost economy
PHUKET: The rejection of the draft charter by the National Reform Council with a vote of 135-105 last Sunday, along with measures to spur the economy worth a combined 136 billion baht, should overall have a positive effect on consumption, investment, and tourism, while also boosting internal economic activity, says Dr Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics.…
- Business News
Finance: Greece’s economy not too big to fail
PHUKET: As the Greek crisis continues to rattle financial markets and the euro, investors need to understand that Greece being in default is actually business as usual for the country when you look more closely at its history: Greece’s first default occurred during the fourth century BC when around a dozen Greek city-states borrowed from the Temple of Delos at…
- Property
Video Report: Sansiri launches mid-rise condo
PHUKET: There are panoramic views of the island with glimpses of the sea from the 14th floor of Sansiri Plc’s recently completed, mid-rise condominium The Base Height-Phuket, making it something truly special. With the starting price of a 30-square-meter unit, including all transfer expenses at the Land Office, coming to 1.99 million baht during a promotional period, this high-class condominium…
- Business News
Finance: Strong dollars for investors
PHUKET: One of the biggest and most unappreciated risks faced by global investors this year is the continued strength of the United States dollar holding back key investing asset classes. After all, a strong dollar tends to be a double-edged sword.BAD FOR LARGE CAP US STOCKS As foreign currencies weaken against the dollar, US stocks that are large cap multinational…
- World News
Nepal quake: Death toll nears 2,500
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community Nepal quake: Death toll nears 2,500 Reuters / Phuket Gazette PHUKET: Thousands of desperate Nepalese spent another night in the open in the early hours of Monday, terrorized by strong aftershocks that continued to shake the country two days after a massive quake struck, killing almost…
