Economy and commerce
Thailand’s GDP growth relies on vaccine rollout, NESDC says
Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.However, it was a ...
The Nation Reporter
Thai banks strong, can weather uncertainty - BoT
Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.The outbreak, the country’s biggest so far, has hit consumption and tourism, ...
Forecasters: Economy probably shrank in Q1
Thailand’s economy probably shrank again in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks hurt consumption and tourism, slowing the pace of the economic recovery.Southeast Asia’s second-largest economy, which is heavily reliant on tourism, is believed to have ...
Up to 80% of SMEs hit by lack of liquidity, 100,000 may close for good if Covid crisis persists
About 70 to 80 per cent of small to medium-sized enterprises (SMEs) are suffering from a lack of liquidity since the third Covid-19 wave hit Thailand in late March and 100,000 could close for good, warned Saengchai Theerakulwanich, president of the Federation of Thai SMEs, ...
The Nation Reporter
Thailand third time unlucky
The third wave of the pandemic has unnerved businesses who previously believed they would be able to recover this year after Covid-19 walloped their income in 2020.Complicated by a more contagious UK Covid-19 strain, the third wave has seen more than 1,000 infections a day ...
Bangkok Post Reporter
Nearly half of Thai consumers plan to avoid using cash after pandemic ends: study
A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45 per cent) were likely to avoid using cash after the Covid-19 pandemic ends.The study also delves into which activities Thai consumers are looking forward to spending on when recovery ...
The Nation Reporter
Online seminar aims to put more SME products on big retailers’ shelves [Video]
A new campaign has been launched to help SMEs weather the COVID-19 crisis, with an online seminar recently being held to give entrepreneurs insight into modern trade markets to encourage more SMEs to sell their products at shopping malls and supermarkets, where they can reach ...
50 more days granted for consideration of CPTPP [Video]
Following the hashtag #NOCPTPP trending due to resistance directed at Thailand’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Foreign Affairs explained that the Cabinet only agreed to grant the Prime Minister another 50 days to consider the issue to ...
Consumer confidence index at its lowest point since the 1997/98 economic crisis
Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday.The UTCC, which compiles the monthly reports, said that the index was its lowest since October ...
Bank of Thailand leaves rate at record low, warns of Covid risk
The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.The latest outbreak has slowed domestic activity for the tourism-reliant economy at ...
