Economy and commerce
SEC seeks to regulate decentralised finance
Activities related to decentralised finance (DeFi) projects which involve digital coin issuance may require a licence from the regulator in the near future, the Securities and Exchange Commission (SEC) announced.The statement was released on Sunday afternoon after a DeFi farming platform named Tuktuk Finance debuted ...
Bangkok Post Reporter
Q2 exports seen up 15% y/y - shippers
Thailand’s exports are expected to rise 15% in the second quarter from a year earlier, powered by improved global demand and after coming off a low base last year, the shippers’ council said on Tuesday.While maintaining its export growth forecast of 6%-7% this year, the ...
Thai export market shows robust recovery as global economy slowly wakes up
The value of Thai exports in April had hit more than US$20 billion for three consecutive months, recording a growth of 13.09 per cent – the highest in 36 months.At the same time, Thai imports rose by 29.79 per cent to $21.25, especially the import ...
The Nation Reporter
Testing the stagflation waters
Thailand’s economy has been mired in a contraction for five consecutive quarters, starting with a 1.8% dip in the first quarter of 2020 followed by an alarming 12.2% nosedive in the second quarter.The contraction was less severe at only 6.4% in the third quarter, shrinking ...
Bangkok Post Reporter
Govt says tourism industry may not recover until 2026
It could take another five years before tourism revives fully in Thailand — an ominous sign for one of the most tourism-dependent economies in the world.The sector, which contributed about one-fifth of the economy before the pandemic, isn’t expected to return to normal until 2026, ...
April export gain likely more than 10%
Thai exports are maintaining healthy growth momentum and likely increased by more than 10% in April, says Commerce Minister Jurin Laksanawisit.Mr Jurin revealed on Friday the country’s exports have passed the low point, with outbound shipments increasing by more than 10% in April from US$18.9 ...
Bangkok Post Reporter
Local startup deals down, funding surges
The number of startup funding deals plunged to 30 in 2020, down from 41 the year before, due to the pandemic as investment focused more on companies in the growth stage, according to tech media Techsauce.However, the total investment in local startups surged to US$364 ...
Suchit Leesa-Nguansuk
Financial system increasingly vulnerable
The Thai financial system has become more vulnerable due to negative shocks from the recent Covid-19 outbreak, says the Bank of Thailand (BoT).The financial situation of Thai households has become more fragile as reflected in the elevated debt-to-income ratio which is higher compared to other ...
Somruedi Banchongduang
GSB suspends relief-loan applications after huge demand crashes system
The state-owned lender Government Savings Bank (GSB) temporarily stopped accepting applications for its Covid-19-relief loans on Thursday as more than 100,000 requests are pending in the system, amid online backlash.“We expect to resume taking loan applications again early next week,” said GSB director Withai Rattanakorn ...
Third Covid wave rocks Thai economy
Thailand and many of its neighbours are struggling with the spread of Covid-19 cases while they await the beginning of mass vaccination programmes to counter the pandemic.Thailand’s financial system has been hit hard by the latest coronavirus outbreak and the central bank says its economy ...
