Deputy PM Somkid Jatusripitak is saying the delay in forming Thailand’s next government caused the downgrading of the country’s GDP projections from 3.8% to 3.3%. The Bank of Thailand downgraded their forecasts at a meeting this morning.
Thai exports have declined 5.8% for the month of May 2019.
The ASEAN – Hong Kong, China Free Trade Agreement (AHKFTA – that acronym’s never going to fly!), came into force this week for Hong Kong and five ASEAN member states, namely, Laos, Myanmar, Singapore, Thailand and Vietnam. Under the AHKFTA, Hong Kong and Singapore will grant tariff-free access and keep their customs duties at zero upon entry into force of the agreement
A parliament of owls? A murder of crows? A flock of geese?
New global diplomatic and economic fault lines are appearing, with new and untested consequences emerging.
The Thai Meteorological is warning provinces in the North, Northeast, Central and East about the threat of ‘summer storms’ until Monday.
Thailand’s Cabinet has extended the waiver of the fees for ‘visa on arrival’ for some foreign tourists to Thailand. The waiver of the 2,000 baht VOA fee will be extended to at least October 31. The fee had previously been waived until January 14 this year in a bid to boost tourism.
by Siriarpa Kamjan, ttgasia.com Chiang Mai’s current poor air quality and smoke haze is raising concerns on the potential impact on tourism as Thailand’s Songkran water festival approaches. Smog has been a yearly occurrence in Northern Thailand, but this year the situation appears to be the worst with Chiang Mai topping the air pollution ranking and the media tracking daily results. But La-iad Bungsrithong, president of the Thai Hotels Association (Northern Chapter), says there appears to be a short-term decline in the market.
The Office of Narcotics Control Board has been training personnel in drug analysis to handle new illicit substances coming onto the streets. A Chinese analysis lab has recently discovered 230 new psychotropic substances which are making their way into recreational drugs and other foods. China has subsequently banned several beverages and sweets that contain these new illegal substances.
The Thai baht is soaring to its highest level against the US dollar in more than half a decade. Analysts are expecting the Thai currency to continue marching past the 31 baht to the US dollar mark. Currency experts believe the baht’s strength could be partly due to the weakness of the US dollar as investors speculate on the current US-China trade talks hoping negotiators will reach some sort of deal soon