Bangkok Post
Consumer confidence hits record low
Consumer confidence dropped to a record low in June, dented by the country’s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in ...
Bangkok Post Reporter
Vaccine dispersal key to driving exports
The government is being urged to speed up allocation of Covid-19 vaccines to the manufacturing sector to increase exports, which are the only engine driving the country’s economy.Chaichan Chareonsuk, president of the Thai National Shippers’ Council (TNSC), said the group repeated its call for the ...
FTI urges the state to relocate factories
The Federation of Thai Industries (FTI) has suggested that the government relocate factories out of residential areas, following the plastics factory inferno, to prevent accidents in the future.Some incentives should be offered to factory owners, including a 2% reduction of land tax and a reduction ...
Lamonphet Apisitniran
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 ...
Exports seen rising more than 7% y/y in Q3
Thailand’s exports are expected to rise more than 7% in the third quarter from a year earlier and 6% in the final quarter of the year, lifted by higher global demand and a weaker baht, the Thai National Shippers’ Council said on Tuesday.Exports could grow ...
Ministry eyes soft loans for operators
The Tourism and Sports Ministry plans to ask the Finance Ministry for 10 billion baht in soft loans to help operators prepare their businesses for the mid-October reopening deadline.Phiphat Ratchakitprakarn, the tourism and sports minister, said if the Phuket sandbox operates smoothly, his ministry will ...
Bangkok Post Reporter
Laos surveys new expressway linking Thailand, China
Surveyors are designing a route for a new expressway in Laos that will cut travel time between northern Thailand and southern China.Liu Jingwei, an official overseeing the project, said officials were surveying the route for the expressway that will connect Huayxai in Laos’ Bokeo province ...
Bangkok Post Reporter
70% of city Covid cases are Delta strain
The Delta variant is responsible for 70% of people in Bangkok falling sick with Covid-19, says a study by the Centre of Excellence in Clinical Virology at Chulalongkorn University.The findings were revealed by Yong Poovorawan, the centre director, on his Facebook page.He said the first ...
Bangkok Post Reporter
New Unesco heritage bid for forest site
Thailand will push ahead with another attempt to secure Unesco World Heritage site status for the Kaeng Krachan Forest Complex at the annual World Heritage Convention this month, said Varawut Silpa-archa, Minister of Natural Resources and Environment.The country’s largest national park, covering a 2.9-million rai ...
Bangkok Post Reporter
Household debt reaches 18-year high
Thailand’s household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.Kasikorn Research Center (K-Research) reported Thailand’s outstanding household debt increased to 14.13 trillion baht in the first quarter of 2021, or 90.5% of GDP, the highest level in ...
Bangkok Post Reporter