News
Thailand pushes dream of 'land bridge' to boost economy
The dream of a Thai land bridge, a transport route that would cross the Malay Peninsula to connect ports on either side, has surfaced again in Thailand. If it becomes a reality, a land bridge could cut shipping times by about two days, compared with ...
Coexisting with disease
Over the past 18 months, the global spread of the pandemic has taken its toll on the economies of many countries. In Thailand, some believe a relief budget of 3 trillion baht may be inadequate.Assuming the country can achieve herd immunity by the end of ...
Bangkok Post Reporter
Thailand’s economy resilient to the pandemic, central bank says
The Thai economy is well placed to weather the impact of the Covid-19 pandemic, the central bank said Wednesday, citing strong foreign reserves and a resilient banking system.Although the nation’s economy is likely to recover more slowly than regional peers, it is highly resilient in ...
BoT cuts 2021 GDP rise to 0.7%
The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection.The BoT’s Monetary Policy Committee ...
Somruedi Banchongduang
Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...
Prolonged lockdowns to cause GDP drop
The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn ...
Bangkok Post Reporter
Private spending slowed in June under impact from virus: FPO
The Thai economy in June continued to feel the impact of Covid-19, Fiscal Policy Office (FPO) revealed on Wednesday.The impact was reflected in the slowdown in private spending, especially private investment. However, exports continued to expand at a high rate, the FPO added.Private consumption indicators ...
The Nation Reporter
Thai economy no longer a subject of global interest, new report says
Thailand’s economy has crossed a tipping point with the country beginning to be losing global interest, said a new research report from the Kiatnakin Phatra Financial Group (KKP).Relocation of production bases, falling direct investment, and a slowdown in the export sector show that Thailand no ...
Long-stay visas, EVs to help spur economy
Deputy Prime Minister Supattanapong Punmeechaow is planning to propose to the cabinet a plan to allow rich foreigners to enjoy long-stay visas in Thailand.According to Mr Supattanapong, the Centre for Economic Situation Administration (CESA) approved in principle on June 4 a scheme to offer long-stay ...
Bangkok Post Reporter
Economy may miss forecast if virus outbreak prolonged
Thailand’s economy faced significant downside risks and limited policy room should be preserved to be used for the most effective time, the central bank’s minutes of its last meeting showed on Wednesday.A prolonged coronavirus outbreak could cause Southeast Asia’s second-largest economy to underperform the baseline ...