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March 31, 2017

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Business > Asia > Thailand
Thailand's economy contracted by 2.1 percent in the first quarter, slammed by a protracted political crisis that is likely to slow growth for the rest of the year.
 
India is considering withdrawing some products from the Free-Trade Agreement (FTA) with Thailand after facing a huge trade deficit, with gold likely to be excluded from the pact.
 
Thailand's central bank on Wednesday left its key interest rate unchanged at 2.25 percent in the face of growing worries about the economic impact of anti-government protests in the capital.
 
The use of "green buildings" has increasingly formed a key part of efforts by large firms to improve their corporate image and show their corporate social responsibility (CSR), resulting in more and more of these types of buildings being constructed in Thailand since 2007.
 
The Thai automobile market is expected to finish the year at 1.3 million units sold, slightly down from last year's record 1.4 million.
 
Political instability and the U.S. tapering of its bond-buying program are the main reasons behind the sharp depreciation in the Thai baht, said a Bank of Thailand (BOT) official.
 
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