Weekly Updates

The Business Sentiment Index hit a 3-year high of 50.6, in line with the Bank of Thailand (BOT) announced average occupancy rate was 66. However, the labor supply in the hospitality sector still shortages as original workers change occupations.

hai developers have launched new real estate projects, including condominiums, townhouses and houses, on the back of an improving consumer confidence index.The luxurious residential area was in-demand from both domestic and foreign.

Thailand’s headline inflation cooled to its lowest rate in nine months and came in below analyst forecasts, helped by easing energy and food prices, with the commerce ministry predicting consumer prices will decline further this year.

.

China’s JD.com will close its e-commerce services in Indonesia and Thailand, retreating from Southeast Asia after a bruising year for China’s retail and technology sectors.

Thailand’s economy looks good for beginning year, with major foreign investors mainly acting as buyers and driving the economy forward. The Thai baht strengthened as capital inflows from abroad boosted the economy.Inflation seems to be better adjusted when fuel prices fall.

The influx of tourists, primarily from Russia and Europe, has continued to boost the Thai economy. However, when the value of the Thai baht increased relative to the US dollar, import prices decreased in accordance with the trade balance deficit.