Thailand Business News

Thailand's exports rise for sixth consecutive month in January 2024, with 10% annual growth rate surpassing expectations. Challenges in competitiveness remain.

NESDC predicts 2.7% growth in 2024, suggests interest rate cut. 2023 growth at 1.9%, slower than expected. Thai economy driven by consumption, tourism, agriculture.

TAT promotes Thailand's tourism offerings at SATTE 2024, highlighting attractions and activities to attract travelers and showcase the country as a must-visit destination.

Singapore's Budget 2024 focuses on economic resilience, sustainable development, and workforce enhancement with SkillsFuture and Enterprise Financing Scheme improvements.

Singapore expects 1-3% GDP growth in 2024, focusing on economic diversification, innovation, and sustainability. Most sectors grew in 2023.

Thailand's economy grew 1.9% in 2023, lower than expected. 2024 forecast cut to 2.2%-3.2% due to weak exports, geopolitical risks. Possible interest rate cut.

Thailand prepares to legalize same-sex marriage, opening potential for tourism boost, economic growth, and global reputation. Opposition remains.

Thai exports showed recovery in Dec 2023, with a 4.7%YOY increase but uncertainty remains. Expecting 3.7% growth in 2024, with potential risks from global supply chain disruptions. Exported USD 22,791.6 million in Dec 2023, with gold exports contributing significantly. Exports to Europe contracted, but imports decreased, resulting in a trade surplus of USD 972.8 million. SCB EIC predicts further export recovery in 2024, driven by improving global trade volume and support from public and private sectors.