Economy and commerce

The University of the Thai Chamber of Commerce (UTCC) has reported that the surge of COVID-19 cases, along with tough measures to curb the spread, has resulted in a drop in the consumer confidence index in August to the lowest figure in 20 years. Amid ...

Thailand’s overall economy is at risk of contraction in the third quarter due to restrictions on economic activities to curb Covid-19 from spreading further, Krungsri Research revealed on Wednesday.In its monthly economic report, Krungsri Research said the private sector’s consumption index in July contracted -5.3 ...

The Thailand Board of Investment (BOI) at a meeting today approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development, Ms Duangjai Asawachintachit, Secretary General ...

Thailand’s exports are expected to rise 10-12% this year as the global economy recovers, but the country’s coronavirus outbreak remains a negative factor, the National Shippers’ Council said on Tuesday.In the third quarter, exports, a rare bright spot in the economy, are forecast to increase ...

Over the past 18 months, the global spread of the pandemic has taken its toll on the economies of many countries. In Thailand, some believe a relief budget of 3 trillion baht may be inadequate.Assuming the country can achieve herd immunity by the end of ...

The Thai Chamber of Commerce (TCC) has asked the government to come up with a long-term plan for reopening the economy to reduce the impact of the Covid-19 pandemic.At the half-way point towards a 120-day deadline set by the government, which falls in mid-October, TCC ...

Debt restructuring periods offered to borrowers affected by the pandemic could be extended to more than 10 years, says Thai Bankers’ Association (TBA) chairman Payong Srivanich.The Bank of Thailand, in collaboration with the TBA, recently implemented additional debt assistance measures to provide sustainable aid to ...

Public confidence will be a key factor in boosting the economy after the government eased its strict Covid-19 pandemic restrictions, according to an executive at the Bank of Thailand (BoT).The loosening of the rules, which starts on Wednesday, will bring relief to businesses which had ...

The Cabinet on Tuesday gave the go-ahead to the Asean Investment Facilitation Framework (AIFF) proposed by the Board of Investment (BoI).It also appointed Deputy PM Supattanapong Punmeechaow, who oversees issues related to the economy and investment, as the Thai representative at the Asean Economics Ministers’ ...

A joint private sector committee has adjusted Thailand’s estimated gross domestic product (GDP) growth for this year to between -0.05 and 1 per cent, higher than the previous estimate of -1.5 to 0 per cent.The committee is comprised of three private sector organisations, namely the ...