News

Top private sector group predicts 3.5-4% GDP growth

The Joint Standing Committee on Commerce, Industry and Banking has kept its key economic forecasts unchanged, citing threats of external risks that could impede recovery. Chen Namchaisiri, chairman of the Federation of Thai Industries, who chaired the JSCCIB meeting on March 7, said these factors ...

Export growth goal revised up to 5% on key supports

The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector ...

FTI backs Krabi coal-fired plant

The Federation of Thai Industries has agreed with the plan to develop a coal-fired power plant in Krabi, saying the delay or cancellation of the project would lead to insufficient power supply that could cut the gross regional product in the South by at least 1%. Energy ...

Unseasonal rain to bring more misery in flood-hit Thai south

Thailand faces more hardship from the unseasonable floods that have killed 40 people in the southern part of the country. More rain is expected in the major rubber-producing and tourist region in coming days, a top disaster agency official said on January 15. Heavy rain ...

Institute: Thailand can be 'Top 5' food exporter

The National Food Institute says it plans to push Thailand to be among the top five food exporters within the next 20 years, with value rising to 6 trillion baht, says Nuttapon Nimmanphatcharin, the institute’s vice-president. Thailand ranks 13th among food exporters, with a value of ...

FDI sluggish as investor mood dims

Foreign direct investment for the whole of 2016 is expected to grow by just 2.7%, indicating that confidence in the Thai economy remains fragile, says Vallop Vitanakorn, vice-chairman of the Federation of Thai Industries. He said the likely FDI growth of 2.7% is low when ...

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