Economy and commerce

Thailand’s economy is still expected to contract by 7%-9% this year although exports could shrink less than previously projected as the coronavirus pandemic remains a risk, a group of the country’s top business associations said on Wednesday.The group now predicts exports will drop 8%-10%, rather ...

The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...

The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...

The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...

The government looks set to introduce fresh stimulus measures, particularly aiming to spur spending by middle- and high-income earners and boost private investment.Deputy Prime Minister Supattanapong Punmeechaow said the new measures will be based on the co-payment principle and include the features of the Taste-Shop-Spend ...

The Bank of Thailand (BoT) has said that the country’s limited reopening for international visitors will not significantly help the Thai economy recover much this year, although positive signs  are seen from increased domestic spending, with a strong recovery expected in the second quarter next ...

Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy.With interest rates near zero, the Bank of Thailand (BoT) last week called for “more targeted and timely” government policies to support the ...

New business registrations continued to fall in August, dipping 7% from the same month last year as the business sector frets over the pandemic.The Business Development Department reported yesterday new business registrations totalled 5,538 in August, with combined registered capital worth 14.3 billion baht, a ...

The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans.Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a ...

With rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, ...