BUSINESS NEWS

Thai economy to grow slightly above 2.5%, recovery uneven, BoT minutes show Thailand’s exports rose for an eighth consecutive month in February and more than expected, the Commerce Ministry said on Friday, although uncertainty over US trade policy is clouding the outlook for the remainder of the year. Exports, a key driver of Southeast Asia’s […]

Thai economy to grow slightly above 2.5%, recovery uneven, BoT minutes show Thailand’s economy was seen growing by slightly more than 2.5% this year, less than earlier expected, the minutes of the Bank of Thailand’s (BoT) Feb  26 monetary policy meeting showed on Wednesday, with economic recovery becoming more uneven. At the meeting, the BoT’s

Thailand launches new investment fund to bolster stock market.   The initiative aims to stabilise the domestic stock market amid global economic uncertainties sparked by US trade policies   The Cabinet has approved the launch of the “Thai ESG Extra” fund, designed to encourage investment in sustainable and high-growth equities through substantial tax incentives.  This initiative aims

Property consultancy JLL eases worries about oversupply.   Despite concerns over potential oversupply in Thailand’s office sector, particularly in Bangkok, property experts believe demand remains robust enough to absorb new developments coming into the market. Global property consultancy JLL Thailand dismissed worries about office oversupply in Bangkok, citing strong demand dynamics that continue to absorb

Thai long-term equity funds to be revived soon.   The Thai government plans to revive the long-term equity fund (LTF) programme to support the local stock market, which has been the worst performer in Asia so far this year. The fund could be set up within the existing environmental, social and governance fund (ESG) framework

ECL aims to grow portfolio with Itochu.   SET-listed Eastern Commercial Leasing (ECL) expects its portfolio of auto hire-purchase and leasing loans to increase by more than threefold to 20 billion baht in five years, supported by its recent partnership with Japanese trading house Itochu. ECL formed a strategic partnership with GMT, a subsidiary of

SRT to boost Laem Chabang To Bangkok Freight Services.   The State Railway of Thailand (SRT) aims to increase freight services from Laem Chabang Port in Chon Buri to Bangkok to help reduce transport costs for import and export businesses. SRT governor Veeris Ammarapala on Wednesday led a team to inspect the deep sea port

PM Adviser Joins Growing Call for Rate Cut Amid Rising Risks   Benchmark rate should be 1% as opposed to 2.25%, economist says An adviser to Prime Minister Paetongtarn Shinawatra reiterated the government’s calls for the Bank of Thailand (BoT) to deliver more rate cuts this year to support Southeast Asia’s second-largest economy. The benchmark

High-speed rail linking Bangkok to China in 5 years . Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations. The construction of the first phase linking Bangkok and Nakhon

Thailand is focusing on attracting investments in electric vehicles (EVs) and its components, semiconductors, digital, future foods and renewable energy to boost the country’s potential amid global challenges, the Board of Investment (BOI) said.   Foreign direct investment (FDI) continues to flow into Thailand amid the US-China trade war, Russia-Ukraine war and Middle-East conflict, which