Strong Baht Undermines Thailand’s Tourism and Economy as Competitors Gain — yet Officials Chase Weak Growth Numbers

Strong baht undermines Thailand’s tourism and economy as competitors gain — yet officials chase weak growth numbers

The strong baht is squeezing Thailand’s exporters and tourism, while competitors steal market share. Yet official focus remains stuck on weak growth targets. PATTAYA, Thailand – Thailand’s economy is facing a growing crisis as the Thai baht’s rapid strengthening is destroying more than just tourism — it’s squeezing exporters and investors alike, while rival countries are seizing market share. Meanwhile, official focus remains trapped on chasing …

Thailand and Indonesia could be growth laggards in Asean: Nomura

Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the Nomura Investment Forum Asia press conference held at The Ritz-Carlton, Millenia Singapore on Tuesday (Jun 3).