Business News form Siam News Network
Thailand’s growth slowed to an estimated 2.5 percent in 2019 from 4.1 percent in 2018, due to external and domestic factors. The economy is projected to pick up moderately to 2.7 percent in 2020 as private consumption recovers and investment…
The Prime Minister and the Minister of the Interior have issued statements assuring members of the public that the administration is doing its best to address the issue of air pollution. Prime Minister and Defense Minister General Prayut Chan-o-cha expressed…
The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC generated over 100 billion baht from outside investment. To keep the momentum going, the Deputy Prime Minister, Dr. Somkid Jatusripitak, has instructed the Eastern Economic Corridor…
According to Bot’s latest Press Release, the Thai economy continued to be on a decelerating trend in November, prompting the Central Bank to use the exact same words from its previous Press Release on the Economic and Monetary Conditions in October, to…
According to the real estate consultancy, foreign investments into Asia Pacific are at a decade-high, making up 35 per cent of total volumes, mostly driven by private equity funds and large-scale transactions. “Real estate in Asia Pacific has gained favour…
WASHINGTON, December 19, 2019—Debt in emerging and developing economies (EMDEs) climbed to a record US$55 trillion in 2018, marking an eight-year surge that has been the largest, fastest, and most broad-based in nearly five decades, according to a new World…
Krung Thai Bank Research Center predicted that in the next 10 years, Chinese tourists will increase by 6.9% per year on average, reflecting the increase of purchasing power of the Chinese middle class. Growing from 160 million in 2019 to…
Asian cities dominate the global top 5 in the Expat City Ranking 2019, while Italian cities Rome and Milan join Kuwait City at the bottom of the scale. Bangkok experienced a significant drop compared to the 2018 edition of the…
According to Bot latest Press Release, the Thai economy continued to be on a decelerating trend in October. The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing…
Governments across ASEAN have been unveiling an array of incentive packages to entice businesses affected by the US-China trade war. Countries such as Thailand, the Philippines, Malaysia, and Indonesia have introduced tax breaks and initiatives to improve the ease of…