Thailand Business News

Consumer confidence in Thailand rose in September due to government stimulus and increased foreign tourism. The index increased to 58.7 from 56.9 in August. The formation of a new government and policies to boost the economy contributed to the improved sentiment. However, concerns remain about global economic slowdown and higher interest rates affecting Thai exports.

World Bank cuts growth forecast for East Asia & the Pacific due to sluggish China, weak global demand, high interest rates, and dampened trade.

The Thai baht has strengthened against the US dollar due to dollar depreciation and rising gold prices caused by concerns about the Israeli-Hamas conflict....

Thailand's economy is booming, with positive business health and optimism for the private sector. Inflation concerns are diminishing, and post-pandemic growth is expected in various industries.

Thai economic growth outlook revised down for 2023 due to Q2 results and export contraction, but potential from private consumption and tourism. Inflation projected to increase. Global economy expected to grow but could face fragility from inflation and rate hikes. Uncertainties from China's slowdown and drought. Government policies could boost growth but may have long-term fiscal burdens. SCB EIC proposes long-term policies for competitiveness and sustainable growth.

The Tourism Authority of Thailand (TAT) has been recognized for its efforts to promote Thailand's tourism industry at the 32nd Annual TTG Travel Awards...

The Tourism Authority of Thailand (TAT) won the Outstanding Achievement Award for Best Travel Marketing Effort at the 32nd Annual TTG Travel Awards 2023....

Indonesia introduced its first sovereign wealth fund, the Indonesia Investment Authority (INA), in 2021. Unlike other funds, INA seeks foreign co-investors to finance infrastructure and emerging industries, aiming to attract investments in various sectors.