News
Banks never told to slash debts, says central bank
The Bank of Thailand (BOT) announced on Monday that it had not instructed commercial banks and financial institutions to slash the amount owed by debtors, but to instead restructure debts.BOT issued the statement after the Thai Bankers Association (TBA) voiced concerns over a circular issued ...
The Nation Reporter
Covid causes plunge into poverty
Almost 800,000 more people were plunged into poverty last year as a result of the Covid-19 pandemic, a study has found.The study on the social and economic impacts of the public health crisis was commissioned by the Thailand Science Research and Innovation (TSRI). It also ...
Bangkok Post Reporter
Weak baht helps Thai exports surge in July
Thai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks.The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector.The ...
Phusadee Arunmas
Ministry to propose limited resumption of dine-in service
The Public Health Ministry is seeking approval from the Centre for Covid-19 Situation Administration (CCSA) to allow restaurants to reopen to fully vaccinated diners as new infections have declined in the past few days.“The Covid-19 situation appears to be improving. Certain restrictions should therefore be ...
Bangkok Post Reporter
Energy consumption up by 2.8% in first half, but only 0.1% rise projected for full year
Thailand’s primary energy consumption rose 2.8 per cent in the first six months of 2021, the Energy Policy and Planning Office (EPPO) reported on Monday.Consumption of natural gas, lignite, hydropower and imported electricity increased as the global economy began to recover. However, oil us fell ...
The Nation Reporter
Retail sentiment slumps to lowest level in 16 months, recovery expected only in 2023
The 7th Retailer Sentiment Index (RSI) survey for 2021 slumped to 16.4 from the average of 50, the deepest drop in 16 months and below the April 2020 level of 24.3, reflecting the high rate of anxiety.The retail outlook remains bleak for the coming quarter ...
The Nation Reporter
TDRI urges govt to prioritise procurement of high-quality vaccines
The Thailand Development Research Institute (TDRI) has said the country is far from ready to be reopened in 120 days as previously stated by the prime minister.In an article titled “Investing in Public Health”, published on Tuesday, the TDRI suggested that the focus should be ...
The Nation Reporter
TAT plea to amend sandbox plan
The Tourism Authority of Thailand (TAT) is asking the Centre for Covid-19 Situation Administration (CCSA) to approve the so-called 7+7 model allowing tourists to stay in Phuket for seven days before visiting other locations.Thanakorn Wangboonkongchana, a secretary attached to the Prime Minister’s Office, said on ...
Bangkok Post Reporter
Over half of SMEs unlikely to survive six months without government support
The Federation of Thai SMEs has warned that small and medium-sized enterprises faced a serious crisis, with 13 per cent at risk of not surviving three months, and 40 per cent likely to close down within six months.Federation chairman Sangchai Theerakulwanich urged the government to ...
The Nation Reporter
Worsening outlook limits investment opportunity
July was the worst month for Covid-19 in Thailand since the pandemic began and cases continue to rise by more than 20,000 daily. Total cases in the country have surpassed 830,000, with more than 200,000 infections and 2,100 deaths since the start of August alone.The ...
