Economy and commerce
Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...
Prolonged lockdowns to cause GDP drop
The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn ...
Bangkok Post Reporter
Private spending slowed in June under impact from virus: FPO
The Thai economy in June continued to feel the impact of Covid-19, Fiscal Policy Office (FPO) revealed on Wednesday.The impact was reflected in the slowdown in private spending, especially private investment. However, exports continued to expand at a high rate, the FPO added.Private consumption indicators ...
The Nation Reporter
Border trade in June up 41.68% from last year
Thailand’s border and transit trade in June surged 41.68 per cent from same period last year, the Commerce Ministry reported on Wednesday. Total border-transit trade last month was worth 146.094 billion baht.Trade with four neighbouring countries was topped by Malaysia with a rise of 15.33 ...
The Nation Reporter
Thailand sees 23% rise in new businesses in first half
Despite the Covid-19 pandemic, the first half of 2021 saw 41,022 new businesses established, or 23 per cent more than the same period last year. In comparison, only 4,930 businesses shut down or 21 per cent fewer than last year.The top three sectors that attracted ...
The Nation Reporter
Thai economy no longer a subject of global interest, new report says
Thailand’s economy has crossed a tipping point with the country beginning to be losing global interest, said a new research report from the Kiatnakin Phatra Financial Group (KKP).Relocation of production bases, falling direct investment, and a slowdown in the export sector show that Thailand no ...
FTI warns virus spread threatens exports
The ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI).Kriengkrai Thiennukul, vice-chairman of the FTI, said disease transmission is affecting production capacity and ...
Lamonphet Apisitniran
Chamber of commerce urges financial aid for businesses to cope with partial lockdown
The Thai Chamber of Commerce (TCC) has urged the government to roll out aid measures, as it estimates that the two weeks lockdown in 13 provinces will cost the economy up to THB120 billion.The Centre for Covid-19 Situation Administration on July 12 imposed a partial ...
The Nation Reporter
Ministry to propose frameworks for FTAs
The Commerce Ministry looks set to propose negotiation frameworks for the Thai-EU free trade agreement (FTA) and Asean-Canada FTA for cabinet approval in the third quarter, aiming to boost the country’s exports.Speaking after the Joint Public and Private Sector Consultative Committee on Commerce meeting yesterday, ...
Phusadee Arunmas
World Bank lowers Thailand’s economic outlook to 2.2% [Video]
Due to the COVID-19 crisis, the World Bank has reduced its forecast for Thailand’s economic growth this year to 2.2 percent, while the country’s export sector is expected to grow at 7.3 percent.Keep watching ...
