Economy and commerce

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 ...

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 ...

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 ...

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. ...

Thai agricultural cooperatives clinched export deals worth 79.46 million baht (US$2.41 million) at the latest Department of International Trade Promotion (DITP) online business-matching event.The July 29-30 event saw 22 companies from nine Asian countries – Laos, Myanmar, Vietnam, Singapore, the Philippines, China, Taiwan, Japan, and ...

Consumer and business sentiment continued to plunge in July based on rising Covid-19 infections and deaths, as well as a poor economic outlook.The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 40.9 in July from 43.1 ...

More than 95 billion baht in capital flowed out of the Thai stock market in the first seven months of the year, partly because of the worsening pandemic, sputtering attempts to revive foreign tourism, and possibly a second year of economic contraction.The pandemic situation in ...

The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection.The BoT’s Monetary Policy Committee ...

Thailand’s manufacturing production index (MPI) is expected to grow by 4-5% this year, up from an earlier forecast of 2-3% made by the Office of Industrial Economics (OIE), due mainly to fast-growing exports.The adjustment in the forecast was announced as the OIE reported the MPI ...

Covid-19 is a disease that not only attacks individuals but Thai society. Millions of workers who make subsistence wages or already face household debt now have no income. Thailand is seeing — like much of the world — people sliding back into extreme poverty and ...