The Ministry of Finance has forecast a 0.6-0.9 percent reduction in the gross domestic product (GDP) on account of the flooding catastrophe while asking the Bank of Thailand (BoT) to delay its interest rate hike. Speaking of his meeting with concerned agencies to assess the economic impact from the floods, Finance Minister Thirachai Phuvanatnaranubala stated [...]
BANGKOK, 29 June 2010 (NNT) – The Kasikorn Research Center (KResearch) has raised the GDP estimation to 4-6% in line with the continuous economic growth. Dr Charl Kengchon, Managing Director of KResearch, stated that the center decided to increase its GDP projection to 4-6% from the original 2.6-4.5% because the economic situation in Thailand in [...]
BANGKOK, 10 June 2010 (NNT) – Prime Minister Abhisit Vejjajiva vows to drive the country’s economy on by moving forward the Strong Thailand Scheme with the effort to push GDP up to 6%. Speaking with more than 10 institutional investors including the Thanachart Securities Public Co Ltd about the government’s policy as well as economic [...]
BANGKOK, 6 May 2010 (NNT) – The national public debt is expected at no more than 48% of the 2010 GDP, owing to the government’s declining loans and complete debt repayment. Director-General of the Public Debt Management Office (PDMO) Jakkrit Parapuntakul indicated that this year’s public debt was unlikely to rise beyond 48% of the [...]
BANGKOK, 4 March 2010 (NNT) – The country’s public debt as of the end of December 2009 stood at 3.96 trillion THB or 43.85% of the GDP, according to the latest report by the Public Debt Management Office. Out of the total public debt as of the end of December last year, Mr Chakkrit Parapunthakul, [...]
BANGKOK, Oct 28 (TNA) – Thailand’s Gross Domestic Product (GDP) is set to shrink 3.5-4 per cent in the third quarter of this year, but turn to grow 3-4 per cent in the fourth quarter, resulting in a GDP contraction of 3 per cent for the whole of the year, according to the Ministry of [...]
BANGKOK, Aug 11 (TNA) – The Thai economy has shown signs of improvement in tandem with the recovery of the global and United States economies with the gross domestic product (GDP) expected to resume a small growth in the fourth quarter of this year, according to the Stock Exchange of Thailand (SET) chairman Pakorn Malakul [...]
BANGKOK, May 27 (TNA) – Thailand’s commercial banks still enjoy stable financial positions despite a likely move by Moody’s Investors Service to place the debt and deposit ratings of 11 domestic banks in Thailand on review for possible downgrade, but it will not affect them negatively, Bank of Thailand (BoT) deputy governor Atchana Waiquamdee said [...]
BANGKOK, 26 May 2009 (NNT) – Minister to the Prime Minister’s Office Satit Wonghnongtaey admitted the negative economic figures, saying that the Government would pursue its plans to recover the economy and elucidate the issue to the public accordingly.
BANGKOK, May 16 (TNA) – Thailand’s economy has signaled a recovery as witnessed by improved exports of various product items, a surge in the Stock Exchange of Thailand’s index to 500 from 400 points, and an easing in unemployment figures, according to the Fiscal Policy Office.
