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  • Tom 8:07 pm on January 26, 2010 Permalink
    Tags: , , , barrel, , currencies, economist, , , , , industrial projects, Influenza type A, , oil prices, projects, , Thai baht, Thai economy, , , tourism sector, , trade partner, , , World Bank   

    World Bank projects Thai economy to grow 3.5% this year 

    Thai economy

    The World Bank has projected that the Thai economy will grow 3.5 per cent this year and 4 per cent next year, rebounding from last year, when it contracted 2.7 per cent.

    Dr Kirida Bhaopichitr, country economist for Thailand at the World Bank’s Bangkok office said Thai exports are projected to expand 15 per cent this year thanks to improved economy of Thailand’s trade partners and recovery of the tourism sector. (More …)

  • Tom 4:26 pm on November 30, 2009 Permalink
    Tags: Bank of Thailand, , BOT, , Dong, Dong depreciation, , Dubai Crisis, , , , employments, global trade, , investments, panic, , , Thai economy, Thai investments, , , Vietnam Dong,   

    No need for special measure over Dubai crisis and Dong Depreciation 

    The decoration of Dubai airport is dazzling

    The decoration of Dubai airport is dazzling: Flickr.com

    The Bank of Thailand (BOT) asked Thai citizens not to panic with Dong depreciation and the Dubai Crisis.

    Deputy Governor of BOT Achana Waikuamdee stated that the Dubai World’s debt repayment adjournment would slightly affect the Thai economy as the number of Thai investments in Dubai were rather low. While the weakening of the Vietnam Dong would not cause a great impact on the Thai economy as Thailand used US dollars in the global trade and investment. (More …)

  • Tom 9:32 pm on November 29, 2009 Permalink
    Tags: , , , Dubai economic, , , gold price, , , , OPEC, , payments, Petroleum, , Thai economy, , , , , world stock market,   

    Dubai economic collapse has little impact on Thailand economy 

    The Business Bay Executive Towers in Dubai Metropolis

    The Business Bay Executive Towers in Dubai Metropolis: Flickr.com

    Dubai economic fallout would not affect trading between Thailand and Dubai, according to the Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce, Mr. Thanavath Phonvichai.

    Mr Thanavath stated that the case of the Dubai World, the main investment company in Dubai,which requested the rescheduling of payments of US$59 billion (2.1 trillion baht) in debts last Friday had to be closely monitored during these two weeks although a clear process had been announced by Dubai government. However, he also said that the situation would depend on the central government of United Arab Emirates (UAE), adding the rescheduling of debt payment could affect the world stock market and gold price worldwide. Additionally, he believed that a clearer operation would bring back a normal situation in Dubai and global countries. (More …)

  • Tom 9:16 pm on November 28, 2009 Permalink
    Tags: agencies, , Dashboard, , FDI, , , , , , JETRO, , , , , , , Thai economy, , , UNCTAD, , world economic slump   

    Investment potential in Thailand remains high 

    The current situation in Thailand with political conflicts among the people, the southern border problem, the world economic slump, and lately the action taken by the Thai court in suspending 76 projects in Map Ta Put industrial zone, seems to affect investors’ decision-making in putting their investment in Thailand.

    However, quite a number of investors are still confident to expand their investment in Thailand such as LG Electronics (Thailand) Co., Ltd., and Nissan Motors. Those entrepreneurs kept expanding their business bases in Thailand since they remain satisfied with the government’s performance and the advantages that could be gained from investment in Thailand. (More …)

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