Economy and commerce

Commercial bank have said that the Covid-19 outbreak will make more customers opt for online services.Siam Commercial Bank (SCB) saw 900,000 customers opt for online banking, while the number of online accounts jumped by 83 per cent, with the number of online customers expected to ...

The Eastern Economic Corridor (EEC) Office of Thailand has recently called on Thai embassies in 30 countries to approach foreign firms to invest in the EEC, the office’s secretary-general Kanit Sangsubhan said.He said the EEC’s main targets are firms in technology, logistics, medical and health ...

Thailand’s exports may contract by 15% this year as the coronavirus pandemic hits global demand and a stubbornly strong baht adds to pressure, a shipping association said on Tuesday.Exports, a key driver of growth, slumped 15.2% in the second quarter from a year earlier and ...

Thailand’s economy may have shrank by 12%-13% in the second quarter from a year earlier due to the impacts of the coronavirous pandemic, the central bank said on Friday, in what could be a record contraction.However, the economy had improved in June from the previous ...

The baht opened at 31.41 to the US dollar this morning (July 30), strengthening from yesterday’s close of 31.44.The Thai currency is expected to move between 31.35 and 31.55, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities.Yesterday night (Thailand time), the US stock ...

Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on Thursday, compares with a previous projection of 2.4% growth. The central bank is estimating the economy ...

In June 2020, Thailand’s government approved new amendments to the Civil and Commercial Code (CCC) to simplify the process of setting up and conducting business in the country. It is anticipated that the proposed amendments will become law towards the end of 2020 or the ...

Auramon Supthaweethum, director general of the Department of Trade Negotiations, said at the “38th High Level Task Force on Asean Economic Integration” teleconference, the permanent secretaries will evaluate the progress Asean Economic Community (AEC) has made since it was established in 2015.They will also discuss ...

The Chinese appetite for Thai durians remains strong despite the coronavirus pandemic and weak global demand for goods.According to Commerce Ministry data, Thailand exported US$567.29 million worth of durians to China in the first four months of 2020, up 78% year-on-year from the same period ...

The government should take advantage of the coronavirus crisis to attract investment in the Eastern Economic Corridor (EEC) and make Thailand a standout among neighbouring countries as the most preferable investment destination, says the Federation of Thai Industries (FTI).“Thailand needs to start stimulating investment now, ...