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The Latest Breaking News from Kriengkrai Thiennukul

Sentiment gains on higher orders of goods, spending

The Thailand Industry Sentiment Index (TISI) increased to 96.2 points in February, the highest level since April 2019, as manufacturing and consumer spending increased while the tourism recovery continued.

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Industrial sentiment reaches 47-month high

Industrial sentiment in February reached a 47-month high, bolstered by a rebound in domestic demand and tourism, but weak exports were a concern, the Federation of Thai Industries (FTI) said on Wednesday.

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Panel downgrades export outlook

The 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession.

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Climate change bonanza

Global campaigns to cut carbon dioxide emissions not only alert businesses to new non-tariff barriers imposed as part of efforts to fight global warming, they can also lead to new opportunities in the clean energy sector.

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Statement on election cheered by industry

Business leaders and stock market analysts welcomed the premier's statement vowing to dissolve parliament next month ahead of an election likely to take place on May 7.

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FTI frets over China

The Federation of Thai Industries (FTI) is gripped with a fresh worry over the influx of inexpensive Chinese goods following China's reopening, though Beijing's policy is good for the tourism sector.

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War economy

The world's economy and businesses have suffered from the Russia-Ukraine war over the past year, hamstrung by high energy prices, inflationary pressure and logistics disruptions.

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Substance sorely lacking in party policies

The election campaigns of political parties should focus on improving the country's competitiveness with effective short- and long-term economic policies rather than populist sops or market intervention that could mar the economy and add fiscal burden, says business leaders.

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Industry president urges long-term fix to PM2.5

The president of the Federation of Thai Industries (FTI) is urging the government to speed up solving the Bangkok's PM2.5 problems in the long term, fearing that if the situation remains unchanged, it affect the economy and tourism.

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Parties invited to debate challenges

The Federation of Thai Industries (FTI) plans to invite political party leaders to debate Thailand's economic challenges and their solutions as the country gears up for a new general election.

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Prospects await in 'land of diversity'

India is set to become the world's most populous nation this year, overtaking China, according to the latest UN report on the global population.

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Pricey power bills dent Thai allure

Foreign investment in Thailand may decline in the long term if the government fails to tackle expensive power bills, making the nation less competitive than its neighbours, warns the Federation of Thai Industries (FTI).

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TISI decreases for first time in 7 months

The Thailand Industry Sentiment Index (TISI) decreased for the first time in seven months to 92.6 points during the festive month of December last year, says the Federation of Thai Industries (FTI).

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Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

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Executives call for panel to deal with power bills

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask the government to jointly set up a panel to deal with high power bills, which are discouraging foreign businesses from investing in Thailand.

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Baht at 9-month high worries exporters

Gains in the baht, Asia’s best performer in the past six months, are frustrating exporters and many businesses that say the strong currency is hurting them.

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Beijing easing to foster Thai growth in 2023

The Federation of Thai Industries (FTI) expects Thailand's economic recovery to hit the fast track next year, driven by higher tourism revenue and exports following China's decision to reopen its borders from Jan 8.

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A turbulent economic ride

The spotlight in the business sector this year has been on policy rate hikes, the revival of tourism and the telecom mega-merger.

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Gifts that keep on giving

Festive sentiment during the last week before New Year celebrations is considered the best opportunity for the business sector to increase sales as economic uncertainties may cast a shadow on consumer confidence in 2023.

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Apec summit expected to generate B600bn

An industry council estimates the Apec Summit 2022 held in Bangkok last month will generate 500-600 billion baht in benefits for Thailand's economy over the next 3-5 years.

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New world disorder

The world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association.

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Power hike to force up price of goods

Entrepreneurs under the Federation of Thai Industries (FTI) plan to increase product prices by 5-12% if the government implements its plan to increase the power tariff between January and April next year.

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Nov industrial sentiment at highest in over 3 years on tourism rebound

Thailand's industrial sentiment rose for a sixth straight month in November, reaching a 41-month high, bolstered by a recovery in domestic demand and tourism as foreign visitors returned, an industries group said on Tuesday.

Bangkok Post

Fresh concerns over Covid

As businesses pin their hopes on a strong recovery in the final month of the year based on lively shopping activity, entertainment events and vibrant tourism, a fresh Omicron outbreak has emerged including a rising death toll, rekindling concerns about the impact on economic sentiment.

Bangkok Post

SMEs urged to look beyond Thailand

The courage to venture to overseas frontiers and easier access to loans are the key factors to facilitate small and medium-sized enterprises (SMEs) becoming exporters, according to lenders and industry leaders.

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