Friday October 18, 2019 11:19

ECONOMIC GROWTH Press Releases

Photo Release: KResearch projects that the Thai economy may grow at less than 3.0% in 2020 Stcoks—01 Oct 19

Dr. Charl Kengchon, KResearch Executive Chairman, along with other executives, held a press conference on the "Thai Economic Outlook for 2020". KResearch has revised downward its 2019 economic growth forecast to 2.8 percent from the prior estimate of 3.1

KResearch projects that the Thai economy may grow at less than 3.0% in 2020 Stcoks—01 Oct 19

Bangkok--1 Oct--Kasikornbank

KASIKORN RESEARCH CENTER (KResearch) has revised downward its Thai economic growth forecast for 2019 from 3.1 percent to 2.8 percent, while projecting that the economy may grow at less than 3.0 percent next year amid numerous negative factors.

Ms. Nattaporn Triratanasirikul, KResearch Assistant Managing Director, said that the downgrade in GDP growth was in line with the global economic slowdown, which caused the country's exports during the first eight months of 2019 to see a worse-than-expected contraction, as seen in various product categories and in most major markets. KResearch has therefore cut our export projection to a range of -2.0 to zero percent, from zero percent previously.

For the 2020 outlook, several ongoing global challenges will weigh on Thailand's exports, which will be a crucial factor in shrinking the growth of Thailand's GDP to less than 3 percent. This projection is based on an estimate of present conditions, and excludes the government's economic stimulus measures. The government's 1,000-Baht "Eat, Shop, Spend" handout program may lift the country's GDP by 0.02 percent this year. It remains to be seen whether the government will launch additional fiscal measures to boost the economy next year. Any such measures should focus on workers lacking a social safety net, such as freelancer

The Wine Traceability Platform Co-Developed by VeChain and D.I.G. Kickstarted its Second Phase with General—07 Aug 19

Forty years of fast economic growth has made China the second-largest economy in the world and helped create millions of middle-class households. With the improvement of living standards and the change of lifestyle, drinking wine has become increasingly

UN expert calls for reform of poverty-driving policies in Lao PDR General—19 Jun 19

The Lao People's Democratic Republic should urgently adopt widespread reforms to alleviate poverty, protect the rights of people in poverty and ensure economic growth benefits the poorest, an independent UN expert said in a report released today. The

Standard Chartered Bank: Global Central Banks to Turn More Dovish But Thai Central Bank Likely to Stcoks—30 Apr 19

Standard Chartered Bank expects the rest of 2019 to be marked by improving news and economic growth, supported by more dovish central banks and well-anchored inflation. "Concerns about the key risks outlined last year have receded as US-China trade

Bangkok Bank reports first quarter 2019 net profit of Baht 9,028 million Stcoks—19 Apr 19

Thailand's economic growth in 2019 is expected to be 3.8 percent, decreasing from 4.1 percent in 2018. Amid slower world trade and risks from the US trade policies, exports declined for the first two months of the year. This has squeezed manufacturing

EIC revises down Thai GDP growth in 2019 to 3.6% due to export slowdown amidst heightened global Stcoks—10 Apr 19

EIC revises down GDP growth in 2019 to 3.6% from the previous forecast of 3.8% to reflect a lower growth of Thailand's exports due mainly to global economic slowdown. Global economic growth is projected to decelerate more than previously expected and to

Meeting Rising Asian Market Demands, Tongxing Technology to Introduce Full Range of CNC Machinery Events—04 Mar 19

Robust economic growth in Southeast and South Asian countries is reflected in the growing number of registered buyers attending the 2019 International Signs and LED Exhibition (ISLE 2019), which is set to take place from March 3 to 6 at the Canton Fair

อธิบดีกรมการค้าต่างประเทศ กระทรวงพาณิชย์ เป็นพ่องานนำทัพจัดกิจกรรมเจรจาจับคู่ธุรกิจ ปฏิทินข่าว—15 Feb 19

นายอดุลย์ โชตินิสากรณ์ อธิบดีกรมการค้าต่างประเทศเป็นพ่องานนำทัพจัดงานหุ้นส่วนเศรษฐกิจชายแดนไทย-กัมพูชา ระหว่างวันที่ 25-26 กุมภาพันธ์ 2562 ภายใต้แนวคิด "Forging Ahead Towards Sustainable Economic Growth" ซึ่งภายใต้งาน ประกอบด้วย

Thailand Investment Year Sets to Accelerate Economic Shift and Boost Economic Events—11 Feb 19

Thailand is making a remarkable move to stimulate big investments in technology-advanced targeted industries that will drive economic transformation and support investors' success. "Thailand Investment Year" incentive package by Thailand Board of

Standard Chartered Bank: 2019 Global Economic Growth Expected to Ease Stcoks—24 Jan 19

he tide is going out for the global economy. Standard Chartered Bank expects the world growth to ease modestly to 3.6% in 2019 from 3.8% in 2018. Synchronised global growth at the beginning of 2018 has given way to more divergent growth trends. Several

Bangkok Bank reports 2018 net profit of Baht 35,330 million Stcoks—21 Jan 19

Thailand's economic growth in 2018 is expected to be 4.1 percent, up from 3.9 percent in 2017. While exports weakened in the second half of the year amid slower world trade and risks from the US trade policies, domestic demand continued to firm up.

Global economic growth expected to slow in 2019 Stcoks—16 Jan 19

The global economy as a whole is expected to slow in 2019 as G7 countries return to long-run average growth rates, according to new projections from PwC in its latest Global Economy Watch. PwC expects that the pick up in growth of most major economies

January 2019 Investor Confidence Index remains neutral as it falls for the third straight month due Stcoks—10 Jan 19

"January 2019 Investor Confidence Index remains neutral as it falls for the third straight month due to concerns over US trade policy, capital flows after US and Thai policy rate increases, and weaker global economic growth forecasts. Nevertheless,

Osotspa to help boost economic growth by teaming up with Thongfah (Blue Flag) Pracharat projects to Events—24 Dec 18

Osotspa Public Company Limited, or OSP, has reinforced its commitment to supporting the government's efforts to drive growth by teaming up with the Ministry of Commerce to offer Thais selected, high-quality goods through several initiatives including: 1)

Thai-listed securities 9-month earnings up 13 pct to THB 759 bln Stcoks—26 Nov 18

- Nine-month total sales up 11.82 pct to THB 8.62 trillion, propelled by momentum of Thailand's continued economic growth Securities listed on The Stock Exchange of Thailand (SET) reported a net profit of THB 759.13 billion (approx. USD 23 billion) in

EXIM Thailand Finances Bangkok Airways Acquisition of Aircraft to Serve Route Expansion and Stcoks—26 Sep 18

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited, signed a financial facility agreement at Bangkok Airways' Head Office on

Focus on China-CEE Cooperation During Prague Leg of CEIBS Europe Forum Stcoks—26 Sep 18

The historic Prague Castle was the venue for a frank and fruitful discussion on how China and the countries of Central and Eastern Europe can work together to drive mutual economic growth. Attended by about 200 participants, the event saw keynote

Investor Confidence Index for September 2018 up for third consecutive month, staying in neutral Stcoks—10 Sep 18

"Investor Confidence Index for September 2018 up for third consecutive month, staying in neutral zone for fifth month. Domestic economic growth buoys investor confidence while international trade barriers and capital flows negatively impact investor

Public Debt Outstanding Report as of July 31, 2018 General—06 Sep 18

Public Debt to GDP as of July 31, 2018 was at 40.88% of GDP. The Government borrowed to boost the economy and lay the foundations for long-term economic growth, which included the disbursement for public infrastructure investment projects, such as, Mass

Thai listed securities post H1 net profits up 7.6 pct to THB 551 bln Stcoks—22 Aug 18

- H1 total sales up 9 pct to THB 5.9 trillion, propelled by higher oil price and improved economic growth. Securities listed on The Stock Exchange of Thailand (SET) delivered an aggregate net profit of THB 551 billion (approx. USD 16.7 billion) for

August 2018 Confidence Index up for the second month and in neutral territory for the fourth Stcoks—06 Aug 18

Paiboon Nalinthrangkurn, Chairman of the Federation of Thai Capital Market Organizations (FETCO), commented on the August 2018 FETCO Investor Confidence Index (ICI): "The Investor Confidence Index for the next three months was up for the second month

CSST Taps Planet for Daily Imagery to Spur Economic Growth in New Zealand IT—31 Jul 18

Planet , an integrated aerospace and data analytics company, and New Zealand's Centre for Space Science Technology (CSST) announce today a partnership to help drive regional economic growth by distributing Planet's daily, global Earth observation data

July 2018 Confidence Index rises for the first time in 5 months while remaining in neutral Stcoks—11 Jul 18

Paiboon Nalinthrangkurn, Chairman of the Federation of Thai Capital Market Organizations (FETCO), commented on the July 2018 FETCO Investor Confidence Index (ICI): "The Investor Confidence Index for the next three months rose for the first time in five

Mazda sales break 33,000 mark during first half of 2018 Annual target raised to 65,000 units due Automotive—09 Jul 18

Mazda Sales (Thailand) Co., Ltd. has announced a record-breaking performance during the first 6 months of 2018 with sales of 33,593 units, achieving growth of more than 41 per cent. Mazda's historic achievement is result of an improving Thai economy and

China (Shenzhen) Gifts Home Fair, Organized by Reed Huabo Exhibitions, will take place in October General—06 Jul 18

Many people know China as a major supplier of all kinds of products to the world. However, with rapid economic growth, China is now becoming a major consumer of the world's luxury products. Now that China is the second-largest economy in terms of

Photo Release: KResearch revises upward its 2018 economic growth forecast to 4.5 Stcoks—28 Jun 18

At KBank Phahon Yothin Building, Dr. Charl Kengchon (third from right), KResearch Managing Director, and other executives recently held a press conference to announce a newly revised economic growth forecast for 2018 at 4.5 percent, up over the 4.0

IMF Executive Board Concludes Article IV Consultation with Lebanon Stcoks—22 Jun 18

On May 11, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Lebanon. Lebanon's economic growth remains low, estimated at about 1-1.5 percent in 2017 and 2018. The traditional drivers of

Ugandan Agriculture Must Commercialize to Drive Economic Growth and Reduce Stcoks—20 Jun 18

KAMPALA, June 19, 2018—The Government of Uganda and the World Bank today launched "Closing the potential performance divide in Ugandan agriculture" report that provides an unprecedented review of the structural context of Ugandan agriculture, its

Nez Perce County, ID COP Rating Raised To #AA-# From #A+# On Region#s Economic Stcoks—15 Jun 18

CENTENNIAL (S&P Global Ratings) June 14, 2018--S&P Global Ratings raised its underlying rating (SPUR) to 'AA-' from 'A+' on Nez Perce County, Idaho's outstanding certificates of participation (COPs). The outlook is stable. "The raised rating