Skip to main content

Thai GDP to grow 4% in Q2

The Fiscal Policy Office (FPO) of the Ministry of Finance expects the country’s GDP in the second quarter of 2018 to expand at the rate of 4%.

FPO advisor Warothai Kosolpisitkul said today the country’s GDP will grown no less than 4% between April and June, attributing the expected rise to the 10% export growth.

He added that the overall economy expanded in the month of April, which is an indicator of the recovery in private consumption and spending.

In addition, Thai exports expanded for 14 consecutive months in April to 12.3%, while the number of foreign tourists surged 9.4% to 3.09 million people.

Meanwhile, the public debt to GDP ratio was 41.2% in April which Warothai said was within the framework of financial sustainability.

Lastly, the April consumer confidence index stood at 67.8 which was the highest mark in the past 38 months or since March 2015.

Information and Source
Reporter : Thammarat Thadaphrom
Rewriter : Rodney McNeil
National News Bureau & Public Relations


Labels:

Comments

Post a Comment

Popular posts from this blog

Cabinet adjusts tax incentives to boost tourism, MICE in minor cities

 The Cabinet has approved changes to the tax measure aimed at boosting tourism and MICE, or meetings, incentives, conventions and exhibitions, in secondary provinces. After the Cabinet meeting, Mr Natporn Jatusripitak, Advisor to the Prime Minister’s Office Minister, revealed that adjustments have been made to the draft ministerial regulation concerning tax exemptions to promote tourism and MICE activities in secondary cities. For more inclusiveness, the Cabinet agreed to expand the coverage of the term “non-hotel establishments” to accommodations with no more than four rooms and a capacity of no more than 20 guests which serve travelers on a temporary basis and generate supplementary income for the operators. Moreover, the meeting gave a nod to the addition of more secondary tourism sites, as suggested by the Ministry of Tourism and Sports, to a list of places where visitors would be eligible for an income tax exemption on tour guide services. Visitors staying at non-hotel e...
Post a Comment
Read more

PM Prayut concerned about rampant football betting during World Cup 2018

The Prime Minister has expressed concerns about rampant football betting among Thais since the start of World Cup 2018. Prime Minister Gen. Prayut Chan-o-cha said today that he wants Thai football fans to watch and enjoy football matches for entertainment, without letting it affect their health or efficiency at work or in the classroom. Most importantly, Gen. Prayut urged the public to refrain from football betting as such a vice can lead to debt and financial problems. The Prime Minister’s concerns are particularly directed at young Thais as many are still innocent and not aware of how something done for fun can lead to major problems in the future. He has instructed the Ministry of Education to promote an accurate understanding of the enjoyment of sports among students while engaging with parents to help keep their children away from gambling. Gen. Prayut added that the police have been monitoring all types of online betting, via websites and mobile phone applications, and he...
Post a Comment
Read more

More Bueng Kan farmers producing durian

Rubber farmers in Beung Khong Long district, Beung Kan province, have been able to supplement their incomes by growing durians. The rubber farmers have now begun picking durians from the trees as they begin to ripen. One durian plantation owner, Chaiyo Sisaeng, said his durian trees produced more durians this year. They will be harvested and ready for sale in the middle of this month. Chaiyo said the reason he started producing durian was because the weather in Bueng Kan was similar to the weather in the southern province of Nakhon Si Thammarat where he had previously rented a plot of land to grow durian trees. After returning to his hometown in Bueng Kan, he decided to grow some on his land where there are now 125 durian trees. Forty of them have produced durians this year. Chaiyo is expecting to make 20,000 baht in profit from selling the sought-after fruit. Around 100 farmers in Beung Khong Long district alone, now grow durian trees. It is expected that Beung Kan will be abl...
Post a Comment
Read more