Economy and commerce

This year’s aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).The estimate uses the Thai Financial Reporting Standards 9 (TFRS 9).The combined net profit of registered ...

The Digital Economy Promotion Agency (Depa) has vowed to increase the GDP of the country’s digital industry by 1% or 6 billion baht next year through various support programmes.The commitment was spelled out by Depa president and chief executive Nuttapon Nimmanphatcharin in a recent press ...

The Royal Thai Police is intensifying its hunt for Thai and foreign criminals who run scam call centres that send fake SMS messages to trick victims into replying with their bank account details.The widespread adoption of online payment methods in Thailand was highlighted by the ...

The Covid-19 outbreak that hit Thailand since April has exposed the fragility of the economy and shed light on the fact that we rely too much on export and tourism, Deputy PM Supattanapong Punmeechaow said.The deputy PM, who also holds the Energy portfolio, was speaking ...

The baht opened at 30.03 to the US dollar on Thursday, unchanged from its closing rate on Wednesday.The Thai currency is likely to move between 29.90 and 30.10 during the day, predicted Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.Keep reading ...

Thailand’s Board of Investment (BOI) said on Wednesday that it had managed to hold a meeting with representatives of Foreign Chambers of Commerce to enhance confidence among investors and facilitate those who are interested to invest in Thailand.Duangjai Asawachintachit, BOI’s secretary general, said that 35 ...

Thailand’s economy will grow 4 percent in 2021,  more than 1 percentage point lower than Southeast Asia’s average, according to the Asian Development Bank (ADB).In its latest forecast, ABD downgraded the ASEAN region’s outlook for 2021, with Southeast Asia now expected to grow 5.2 percent ...

Thailand’s gross domestic product could underperform next year if tourism remains weak, even as this year’s economic performance may beat sharply reduced forecasts, the country’s central bank head said Friday.All reasonable policy options are on the table in such a situation, although there’s currently no ...

Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending.The call is being made as the economy has not fully recovered in the wake of the ...

Thailand’s private sector is confident the global economic outlook will improve next year, said Kalin Sarasin, chairman of the Thai Chamber of Commerce.However, he said the Thai export sector is facing rising shipment costs and a shortage of both containers and labour.Keep reading ...