consumer spending
- Thailand News
Thailand consumer confidence rises for first time in eight months
Consumer confidence in Thailand saw its first improvement in eight months this October, driven by reduced concerns over recent floods and improved economic conditions influenced by government policies. The University of the Thai Chamber of Commerce (UTCC) reported a rise in the consumer confidence index to 56, up from 55.3 in September. The consumer confidence index, which measures consumers’ outlook…
- Business News
Commerce ministry urges halt on soyabean oil price hikes
The Commerce Ministry issued a call to edible oil processors, urging them not to increase retail prices, citing no rise in production costs. This follows reports indicating that soyabean oil producers are considering raising the price of bottled soyabean oil. Goranij Nonejuie, Internal Trade Department Deputy Director-General, announced that the department has formally requested the Soyabean and Rice Bran Oil…
- Business News
Thailand’s consumer cashflow set to rise above 2019 levels
Thailand’s consumer spending is set to smash past 2019 levels for the first time, fuelled by expected interest rate cuts from the Bank of Thailand and a booming tourism sector, leading analysts reveal. In spite of sky-high household debt, consumer confidence is riding high thanks to a surge in foreign tourist arrivals—a key lifeline for Thailand’s economy, according to BMI,…
- Thailand News
Thailand cracks down on counterfeit engine parts and shampoos
Thailand’s Department of Intellectual Property teamed up with the Economic Crime Suppression Division and representatives from several companies to crack down on counterfeit engine parts and shampoos. Officials seized 12,183 items, worth over 10 million baht, in an operation aimed at protecting consumers from dangerous, substandard products. Arwut Wongsawat, Deputy Director-General of the Department of Intellectual Property, revealed the collaborative…
- Thailand News
Thai publishing ‘chapter’ of decline amid spending woes
The Thai publishing market faces a predicted decline this year due to economic challenges affecting consumer spending, according to the Publishers and Booksellers Association of Thailand (PUBAT). However, booksellers remain optimistic, identifying potential growth in niche markets. Nattakorn Vuttichaipornkul, Vice-President of Internal Affairs at PUBAT, reported a modest decrease in book sales during the first half of the year. “The…
