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The Latest Breaking News from UTCC

SMEs struggle as business outlook remains subdued

The SMEs Competitiveness Index fell by 0.8 points to 45.1 in the second quarter of this year, as businesses urge the government to help reduce costs and improve liquidity, according to a survey by the Institute of Trade Strategies at the University of the Thai Chamber of Commerce (UTCC).

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Consumers upbeat, businesses cautious

Consumer confidence rebounded for the first time in four months in June, supported by falling oil prices and the implementation of the "Thai Chuay Thai Plus" (Thais Help Thais) co-payment scheme, according to the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Chamber introduces regional AI institute

Thailand has the potential to become a regional artificial intelligence (AI) and data centre hub by 2035, while positioning itself as a manufacturing base for humanoid robots, a leader in green digital infrastructure, and a primary source of AI talent, say pundits and academics.

Bangkok Post

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Thai consumer confidence at 4-year low

The Consumer Confidence Index (CCI) fell to 49.5 in May, the lowest level since December 2022, the University of the Thai Chamber of Commerce (UTCC) said on Thursday.

Bangkok Post

Consumers upbeat for 13th month

Consumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices.

Bangkok Post

Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline…

Bangkok Post

Consumer confidence ticks up in May

Consumer confidence rose for a 12th straight month in May and hit the highest level since March 2020, boosted by a gradually recovering economy and a resilient tourism sector.

Bangkok Post

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Thai consumer confidence at more than 3-year high in April

Thai consumer confidence rose for an 11th straight month in April, reaching a 38-month high, boosted by a recovery in tourism and increased activities ahead of an election on May 14, a survey showed on Thursday.

Bangkok Post

Consumers buoyant about tourism

Consumer confidence rose for the 10th straight month in March, reaching the highest level in 37 months, boosted by the positive impact of easing Covid-19 outbreaks and the recovery of domestic tourism, which has left consumers feeling happier and more optimistic.

Bangkok Post

Songkran spending tipped to jump 17%

Consumer spending could rise 17% to 125 billion baht, a four-year high, during the upcoming Songkran holiday as the economy and tourism gather steam, according to the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Firms unfazed by US woes

The collapse of US banks is expected to have only a minor impact on Thai companies and the overall Thai economy, according to the latest business survey by the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

General election on May 14

The Election Commission has set the general election for Sunday May 14, with advanced voting a week earlier on Sunday May 7.

Bangkok Post

Consumer confidence reaches three-year high

Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht's weakness.

Bangkok Post

War economy

The world's economy and businesses have suffered from the Russia-Ukraine war over the past year, hamstrung by high energy prices, inflationary pressure and logistics disruptions.

Bangkok Post

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Confidence at 26-month high

Consumer confidence rose to the highest level in 26 months in January, driven by the economic recovery, a surge in foreign tourist arrivals and the easing of the pandemic.

Bangkok Post

Consumer confidence at 26-month high in Jan

Thai consumer confidence rose for an eighth straight month in January, bolstered by a rebound in tourism and government stimulus measures, but the high cost of living remained a worry, a survey showed on Thursday.

Bangkok Post

Valentine's spending to hit B2.39bn

Spending on Valentine's Day this year is projected to top 2.39 billion baht, jumping 57.1% from last year and the first increase in five years, according to a University of the Thai Chamber of Commerce (UTCC) survey.

Bangkok Post

Survey predicts holiday outlay of B45bn

Spending during the Chinese New Year festival, which starts on Friday, is expected to be the most active in three years, helped by the country's economic recovery and a revival in tourist arrivals.

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Bangkok Post

Consumer confidence rises again as recovery continues

Consumer and business sentiment in December rose to the highest level in three years, driven by Thailand's economic recovery and a surge in foreign tourist arrivals.

Bangkok Post

Consumer confidence at 25-month high in Dec

Thai consumer confidence rose for a seventh straight month in December, reaching a 25-month high, boosted by improved economic activity and higher foreign tourist arrivals, a survey showed on Thursday.

Bangkok Post

New Year spending seen at 3-year high - UTCC

Thailand's consumer spending during the New Year could reach a three-year high of 103 billion baht (US$2.97 billion) as the economy continues to recover from the impacts of the Covid-19 pandemic, the president of the University of the Thai Chamber of Commerce (UTCC) said on Thursday.

Bangkok Post

Medical, beauty sectors picked to surge

The medical services and beauty sectors have the brightest prospects for 2023, driven by social media and an ageing society focused more on health and tourism, according to a recent survey by the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Chamber estimates Thai growth to accelerate next year

The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption.

Bangkok Post

Consumer confidence hit 20-month high last month

Consumer confidence increased for the sixth straight month in November, hitting a 20-month high, lifted by improved economic activity, an increase in foreign tourist arrivals and lower petrol prices.

Bangkok Post

World Cup spending forecast to be tepid

With the World Cup 2022 in Qatar kicking off on Sunday, business operators expect a moderate boost in consumer spending from the 32-day football tournament.

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