Economy and commerce
Thailand’s economy resilient to the pandemic, central bank says
The Thai economy is well placed to weather the impact of the Covid-19 pandemic, the central bank said Wednesday, citing strong foreign reserves and a resilient banking system.Although the nation’s economy is likely to recover more slowly than regional peers, it is highly resilient in ...
BOI revamps policy to promote digital businesses
The Thailand Board of Investment (BOI) has revealed its commitment to digitilisation by announcing a new focus on the development of Thai IT personnel and upgrading business infrastructures to meet global standards.The BOI plans to reorganise its digital-related activities under a single concept as “Development ...
Banks never told to slash debts, says central bank
The Bank of Thailand (BOT) announced on Monday that it had not instructed commercial banks and financial institutions to slash the amount owed by debtors, but to instead restructure debts.BOT issued the statement after the Thai Bankers Association (TBA) voiced concerns over a circular issued ...
The Nation Reporter
Covid causes plunge into poverty
Almost 800,000 more people were plunged into poverty last year as a result of the Covid-19 pandemic, a study has found.The study on the social and economic impacts of the public health crisis was commissioned by the Thailand Science Research and Innovation (TSRI). It also ...
Bangkok Post Reporter
Weak baht helps Thai exports surge in July
Thai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks.The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector.The ...
Phusadee Arunmas
Retail sentiment slumps to lowest level in 16 months, recovery expected only in 2023
The 7th Retailer Sentiment Index (RSI) survey for 2021 slumped to 16.4 from the average of 50, the deepest drop in 16 months and below the April 2020 level of 24.3, reflecting the high rate of anxiety.The retail outlook remains bleak for the coming quarter ...
The Nation Reporter
Over half of SMEs unlikely to survive six months without government support
The Federation of Thai SMEs has warned that small and medium-sized enterprises faced a serious crisis, with 13 per cent at risk of not surviving three months, and 40 per cent likely to close down within six months.Federation chairman Sangchai Theerakulwanich urged the government to ...
The Nation Reporter
Worsening outlook limits investment opportunity
July was the worst month for Covid-19 in Thailand since the pandemic began and cases continue to rise by more than 20,000 daily. Total cases in the country have surpassed 830,000, with more than 200,000 infections and 2,100 deaths since the start of August alone.The ...
BoT: Firms expect normalcy in Q1 2022
Nearly half of businesses expect normal Thai life to resume in the first quarter of next year, according to a Bank of Thailand survey.The business sentiment index, which was conducted from July 1-22 on 260 businesses of all sizes, found 45% of respondents expect public ...
Somruedi Banchongduang
Tips for SMEs to boost online food sales
A Chula marketing expert has offered SMEs three tips for boosting their food delivery businesses – know your strengths, know your customers, and use eye-catching food images.Food delivery is a fast-growing business during Covid-19, when customers are often reluctant to leave their homes or offices. ...
The Nation Reporter
