Thai Economy Slows in May on Weaker Tourism, Production, Central Bank Says

Thai Economy Slows in May on Weaker Tourism, Production, Central Bank ...

Economy slows in May on weaker tourism, production: Bank of Thailand

Thailand's economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday.

Thai economy slows in May on weaker tourism, production, central bank says

BANGKOK :Thailand's economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday.The tourism sector in May saw a decline in both revenue and the number of foreign tourist

Thai Central Bank ready to intervene if baht hardens, while Pattaya visitors crave a few more beers

Pattaya’s tourism boost hinges on a baht that stays competitive for foreign visitors. (Photo by Jetsada Homklin) PATTAYA, Thailand – The Bank of Thailand (BOT) has signaled its readiness to manage the baht’s value should it become excessively strong or volatile. However, the extent of intervention remains measured, as the nation’s tourism sector—especially in key destinations like Pattaya—is recovering and relies heavily on a competitive exchang…

Tourism, Exports Falter as Bangkok Bank Sounds Alarm on Economic Outlook

Picture courtesy of Bangkok Bank Ongoing political turbulence in Thailand is putting a dampener on fresh investment, warns Bangkok Bank (BBL), potentially exacerbating the effects of US tariffs on exports. Kobsak Pootrakool, a senior executive at BBL, explained that the uncertainty plaguing Thailand’s political scene could deter investment in both public and private sectors. Businesses are hesitant to make investment plans until there's …

Thailand’s economy slows as tourism and manufacturing slump offset export surge

Thailand’s economy lost momentum in May compared to the previous month, weighed down by a slowdown in tourism and a decline in manufacturing output, according to the Bank of Thailand (BOT). The central bank said these factors offset a significant rise in exports. The BOT noted that tourism revenue and the number of international visitors—particularly long-haul travelers—dropped during the month. In manufacturing, output declined due to prior inv…