Thai export growth slashed to 1% : Shippers call for war room to be set up amid prolonged trade tensions between US and China . The Thai National Shippers’ Council (TNSC) has slashed its export growth forecast for this year to 1 per cent due to the prolonged US-China trade war, and has urged the Commerce Ministry to set up a war room to follow up on the situation and swiftly find solutions. The Nation
TNSC cuts export growth forecast to 1% on weak demand : A key shippers group has slashed its export growth forecast to 1% this year from 3% seen in April as global demand weakens amid the deepening trade row between the US and China. Bangkok Post
Three bidders vie for duty-free, commercial areas at regional airports : King Power Duty Free Co Ltd, Bangkok Airways Plc and Royal Orchid Sheraton (Thailand) Co Ltd yesterday submitted their bids as they compete to win Airports of Thailand (AOT) contracts to run duty-free shops and commercial areas at three regional airports – Phuket, Chiang Mai and Hat Yai. The Nation
Prayut beats off rival for PM : Clinches majority despite Pheu Thai-led attack . Prime Minister Prayut Chan-o-cha has reclaimed the premiership after he won a parliamentary majority last night. Bangkok Post
Abhisit quits as Dems prop up PPRP govt : Veteran politician Abhisit Vejjajiva announced his resignation as a Democrat Party MP during a joint parliamentary sitting to select the next prime minister yesterday, saying he respected the party’s decisions but his commitment to the public good was “greater”. Bangkok Post
GBA-EEC links developing : Senior executives from more than 100 companies in Guangdong, China are scheduled to visit Thailand this weekend in search of investment opportunities, especially in the government’s flagship Eastern Economic Corridor (EEC). Bangkok Post
Abstention to ‘respect voters’ : A Bhumjaithai Party MP who chose to abstain from voting for Gen Prayut Chan-o-cha to become prime minister on Wednesday despite his party’s resolution to support the former army chief, insisted he had to fulfill a promise to voters. Bangkok Post
Jitters as NPLs hit latest high : Q1 soured-loan rates highest in 13 quarters . The state planning unit is keeping a close watch on domestic consumer loans after non-performing loan rates hit a 13-quarter high in the first three months this year. Bangkok Post
World Bank trims growth view to 3.5% : The World Bank has cut its Thai economic growth forecast for 2019 to 3.5% and plans to review the economic outlook again after a new cabinet line-up is announced. Bangkok Post
Rising household debts could impact consumer spending: NESDC : Household debts are on the rise and could suppress consumer spending as well as people’s ability to repay their debts, the state think-tank National Economic and Social Development Council (NESDC) warned yesterday. The Nation
@1. Thai export growth slashed…: a few days i read an articse regarding who are the WINNERS of the china-usa trade war, with more exports: in the first place vietnam (+7.9% of GDP); in the second place taiwan (+2.1 % of GDP). no word from thailand, though.
exporters in Thailand seem only to cry and sob and to wait for the government to fix it for them… sorry, it likely won’t happen!
peter satrapa-binder
@1. Thai export growth slashed…: a few days i read an articse regarding who are the WINNERS of the china-usa trade war, with more exports: in the first place vietnam (+7.9% of GDP); in the second place taiwan (+2.1 % of GDP). no word from thailand, though.
exporters in Thailand seem only to cry and sob and to wait for the government to fix it for them… sorry, it likely won’t happen!