Economy

As is known, our countries have a special relationship. In two years’ time, we will mark the 120th anniversary of the establishment of diplomatic ties. Our economic cooperation has, in effect, never been interrupted. In recent years, trade turnover, despite the crisis and global economic problems, has grown, reaching $4bn in 2014 by our...

In line with the trend of regional currencies, the baht’s recent movement has been largely influenced by external factors. Any imminent signals of the US Federal Reserve’s initial interest rate hikes or worse-than-expected data coming out of China would prompt capital outflows from emerging markets, thereby weighing down their currency values...

Pacific Rim trade is slated to surge in the coming years as negotiations for the Trans-Pacific Partnership (TPP), the world’s largest free trade agreement (FTA), move forward. At present there are 12 signatories to the agreement, including Thailand’s largest export market, the US.

The Thai government is implementing sweeping changes to its labour laws, with the minimum wage to change from a national rate to one dependent on the area, cost of living and localised economy. However, no provincial wages will be set lower than the current national minimum, and Thailand is currently recording some of the fastest wage growth...

Although buoyed by decades of steady expansion, Thailand – South-east Asia’s second-largest economy – saw growth falter in recent years in the wake of political unrest and challenging external conditions. However, falling global oil prices have benefitted the economy, which, combined with stimulus packages, led to a moderate recovery in 2015...