business

  • Economy NewsThai economic committee warns about stagnant growth in second half of 2019
    ThaigerPublished: 17:05, 04 September 2019
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    Thai economic committee warns about stagnant growth in second half of 2019

    The Joint Standing Committee on Commerce, Industry and Banking says they’re concerned by threats to the performance of the Thai economy in the second half of this year. The office says the lack of stimulating factors and the project of an ever-stronger baht will stifle economic expansion and the economy will fail to reach targets. The JSCCIB President Preedee Daochai…

  • World NewsThe Thai charm-offensive on the South Korean President
    ThaigerPublished: 10:42, 03 September 2019
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    The Thai charm-offensive on the South Korean President

    Thai PM Prayut Chan-o-cha is inviting South Korean investors to increase their investment and trade with Thailand. The PM says Cabinet will consider offering incentives for South Korean businesses to invest in the country. South Korean President Moon Jae-in capped off an official two day visit to the Kingdom yesterday. The Thailand-Korea Business Forum was held yesterday in Bangkok with…

  • Environment NewsEnergy Minister pushing for investment in electric vehicle production in Thailand
    ThaigerPublished: 09:59, 29 August 2019
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    Energy Minister pushing for investment in electric vehicle production in Thailand

    PHOTO: Wikipedia Energy Minister, Sontirat Sontijirawong, has announced a package to allow for the production of electric vehicles in Thailand. The package includes incentives on investment, as well as on the production of components and batteries. It’s understood that the package also has measures to promote the wider use of electric vehicles among the public, following environmental and emissions concerns…

  • Politics NewsThai finance minister confident GDP will pick up next quarter
    ThaigerPublished: 13:13, 23 August 2019
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    Thai finance minister confident GDP will pick up next quarter

    Deputy PM Somkid Jatusripitak says he is confident Thailand’s gross domestic product will pick up in the fourth quarter as a result of the launch of 316 billion baht economic stimulus package from the Thai government. He claims the new rice price guarantee scheme will also assist the agricultural sector. The Cabinet approved the new packages at its Tuesday meeting.…

  • Business News“Government stimulus package for Thai economy is unsustainable”
    ThaigerPublished: 10:52, 19 August 2019
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    “Government stimulus package for Thai economy is unsustainable”

    PHOTO: Wikipedia Anusorn Tamajai, an economist from Rangsit University, says he expects the proposed package to make little difference and has declared it unsustainable. The package, which should be approved this week, is worth 370 billion baht and includes cash handouts for farmers and low-income earners, grants for children, incentives for domestic travelers, and tax incentives for small businesses. It’s…

  • Thailand NewsThai GM’s diesel plant in Rayong builds 500,000th engine
    ThaigerPublished: 11:50, 16 August 2019
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    Thai GM’s diesel plant in Rayong builds 500,000th engine

    GM Powertrain Thailand has produced its 500,000th four-cylinder Duramax turbo-diesel engine, a production milestone since production officially started in 2011. GM announced that the Rayong plant is the first GM facility in the world to produce the engine. Hector Villarreal, president of GM Southeast Asia says the Duramax engines serve as the heart of the company’s ‘Colorado’ and ‘Trailblazer’ models. “They…

  • Business NewsDon’t mention the ‘R’ word – world’s biggest economies at risk of recession
    Tim NewtonPublished: 20:34, 14 August 2019
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    Don’t mention the ‘R’ word – world’s biggest economies at risk of recession

    CARTOON: Financial Times Five big economies are at risk of recession – Germany, Italy, Mexico, Brazil and the UK. A recession is usually defined as two consecutive quarters of contraction in an economy. Locally Singapore and Hong Kong are teetering on technical recessions, both vital regional business hubs. The UK economy shrunk in the second quarter, and growth has flat…

  • World NewsAirport shutdown tarnishes Hong Kong’s business image
    ThaigerPublished: 09:43, 13 August 2019
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    Airport shutdown tarnishes Hong Kong’s business image

    PHOTO & VIDEO: Bill Barnett, c9hotelworks.com Thousands of supporters of the largely leaderless pro-democracy protest movement descended on the Hong Kong Airport terminal yesterday in an effort to get the message out to the world about their struggle and the harsh tactics used by police. They achieved that result whilst testing the resolve of Beijing, accusing the protest organisers of…

  • Politics NewsPM holds urgent meetings with Thailand’s economic tsars today
    ThaigerPublished: 08:46, 01 August 2019
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    PM holds urgent meetings with Thailand’s economic tsars today

    The PM has put himself in control of Thailand’s economic matters nominating himself as Chairman of the Council of Economic Affairs. Today the PM Prayut Chan-o-cha holds talks with top officials of four key economic institutions on the budget bill as the economy, which has been a regional leader over the past decade, stutters. Academics are calling for cuts in military…

  • Business NewsMoody’s upgrades most Thai banks’ credit ratings from ‘stable’ to ‘positive’
    ThaigerPublished: 11:05, 31 July 2019
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    Moody’s upgrades most Thai banks’ credit ratings from ‘stable’ to ‘positive’

    Moody’s Investors Service upgraded the Baseline Credit Assessments of eleven Thai banks (1) Bangkok Bank Public Company Limited (BBL) (2) Bank of Ayudhya (BAY) (3) CIMB Thai Bank Public Company Limited (CIMBT) (4) Export-Import Bank of Thailand (EXIMT) (5) Government Housing Bank of Thailand (GHB) (6) KASIKORNBANK Public Company Limited (KBank) (7) Krung Thai Bank Public Company Limited (KTB) (8)…

  • Transport NewsThai Airways needs restructuring to survive
    ThaigerPublished: 09:21, 28 July 2019
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    Thai Airways needs restructuring to survive

    Store your tray table and buckle up. It’s going to be a bumpy ride at Thai Airways. The airline’s president Sumeth Damrongchaitham say Thai Airways needs complete restructuring if it is to survive in the highly competitive aviation business. Sumeth said that under the restructuring, Thai Airways will focus more on the international market and link up with other members…

  • Business NewsThailand’s headline inflation surged over 1% in March
    ThaigerPublished: 09:06, 27 July 2019
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    Thailand’s headline inflation surged over 1% in March

    “The SCB Economics Intelligent Centre has revised down its forecast for average headline inflation in 2019 to 0.9% year on year, a slight decline from the previous forecast of 1.0%year on year.” Thailand’s headline inflation surged to 1.24%, year on year, during March. This is up from 0.73%, year on year, in the previous month. Food and energy prices are the…

  • Business NewsThai Government to focus on EEC projects to propel economy
    ThaigerPublished: 14:05, 23 July 2019
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    Thai Government to focus on EEC projects to propel economy

    PM Prayut Chan-o-cha will unveil his new government’s policy statement in Parliament when it sits formally on Thursday. Leaks to the media indicate his 12 ‘urgent’ and 12 ‘long-term’ policies will help Thailand step up to “developed-nation status” with many of the policies focussing on the Eastern Economic Corridor project. Among the urgent policies, the sixth calls for a “future-proof”…

  • Business NewsEconomists predict Thai exports could fall 3.1% this year
    ThaigerPublished: 08:11, 23 July 2019
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    Economists predict Thai exports could fall 3.1% this year

    Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will drop this year by between 1.6-3.1%. “Although the US-China trade meeting after the G20…

  • Phuket NewsX2 Vibe brand adds third hotel in Phuket
    ThaigerPublished: 10:59, 22 July 2019
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    X2 Vibe brand adds third hotel in Phuket

    PHOTO: Existing X2 Vibe Patong hotel Cross Hotels & Resorts has signed an agreement with PT Three Land for its third Phuket property, the X2 Vibe Phuket Patong Centre. Poised to open middle of 2021, it is a 50 minute drive from Phuket International Airport and a 10 minute walk to Patong Beach and the bustling Bangla Road walking street.…

  • World NewsSingapore’s exports crash in June, the biggest drop in 6 years
    ThaigerPublished: 16:11, 17 July 2019
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    Singapore’s exports crash in June, the biggest drop in 6 years

    Edited from The Straits Times – Asian News Network Singapore’s exports have crashed by double digits for the fourth straight month. June’s figures show shipments in the key electronics sector sinking by 32%. This is the biggest year-on-year drop since shipments sank 33.2 per cent in February 2013. It is also sharply below analysts’ expectations of a 9.6% plunge, according…

  • Business NewsMore currencies in Asia strengthen – Indonesian rupiah crosses major threshold
    ThaigerPublished: 14:48, 16 July 2019
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    More currencies in Asia strengthen – Indonesian rupiah crosses major threshold

    The Thai baht isn’t the only Asian currency performing well against some of the western currencies. The Indonesian rupiah has strengthened 0.54% to 13,932 to the US dollar yesterday (Monday) from 14,008 on Friday. It became the best performing currency in Asia, though other currencies in the region have also also strengthened: Yesterday there was improvement of 0.19% for the…

  • World NewsASEAN meeting reports on global sugar deficit and opportunities for SE Asian countries
    ThaigerPublished: 11:51, 18 June 2019
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    ASEAN meeting reports on global sugar deficit and opportunities for SE Asian countries

    The ASEAN Sugar Alliance says there will be a global sugar deficit of about 2.5 million tonnes in 2019-20, and prices are expected to firm following a number of years of falling prices and surplus stocks. The prediction was reported at the fourth meeting of the ASEAN Sugar Alliance in Ho Chi Minh City yesterday. Market analyst, futures trading and risk manager…

  • Business NewsExport growth expected to be the lowest in four years
    ThaigerPublished: 13:50, 15 May 2019
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    Export growth expected to be the lowest in four years

    Export growth for Thailand this year is is now being pegged at less that 1%, the lowest growth in four years. Mr. Ath Pisarnwanich, director of the International Trade Study Centre at the University of Thai Chambers of Commerce is saying the low growth is a result of both the escalating US-China trade war and the Vietnam-EU free trade agreement. The…

  • Business NewsWorld Bank downgrades Thailand’s 2019 GDP growth to 3.8%
    ThaigerPublished: 08:43, 25 April 2019
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    World Bank downgrades Thailand’s 2019 GDP growth to 3.8%

    The World Bank is downgrading Thailand’s growth projections to 3.8% from 3.9% for 2019. This compares to last year’s 4.1% GDP. The Bank says that export growth has shrunk to 5.7% from last year’s 5.9%. The World Bank’s senior economist for Thailand, Mr. Kiatpong Ariyapratya, says that the Word Bank also projects that Thailand’s growth rate for next year would…

  • Business NewsAmericans are flocking to Asia. Why?
    ThaigerPublished: 20:26, 07 February 2019
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    Americans are flocking to Asia. Why?

    Asia is sexy. From K-Pop sensation BTS topping the Billboard charts to “Crazy Rich Asians” owning the summer box office in the US, Americans can’t get enough of Asian film, music, and of course, noodles. “It’s all a sign of the Asianisation of the world”, reports CNN. “Asia has the world’s lowest taxes. Despite having some of the world’s largest…

  • Business NewsIncentive travel the fastest growing segment in Asia Pacific events business
    ThaigerPublished: 11:12, 22 January 2019
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    Incentive travel the fastest growing segment in Asia Pacific events business

    PHOTOS: ttrweekly.com Responding to a study that says incentive travel is the fastest growing segment in Asia-Pacific’s events business, the Thailand Conventions & Exhibitions Bureau is adapting its game plan to tap into this lucrative market. Last week, TCEB hosted the premier event, SITE’s 2019 Global Conference in Bangkok, a worldwide association dedicated exclusively to growing incentive travel. SITE’s most…

  • World NewsSouth Korea leads the way with entrepreneurship in Asia
    ThaigerPublished: 10:10, 21 October 2018
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    South Korea leads the way with entrepreneurship in Asia

    by DataLEADS – Asia News Network South Korea tops the region in ‘entrepreneurship environment’ with a score of 54%, in the recently released Global Entrepreneurship Index. The country jumped three spaces up from the last year. The tech giant has been ahead of producing new technologies and introducing new products to customers. It is closely followed by Singapore and Japan with…