News

Economy to improve in fourth quarter on eased curbs

The economy should improve further in the final quarter of this year thanks to government support measures and September’s relaxation of coronavirus curbs to spur activity, a deputy prime minister said on Thursday.The government will ensure the supply of Covid-19 vaccines is boosted to support ...

BOT maintains 2021 economic forecast, expects only 200,000 visitors this year

The Bank of Thailand (BOT) announced on Wednesday that it had maintained its estimation of gross domestic product (GDP) in 2021 at 0.7 per cent expansion, but increased its forecast of 2022 GDP to 3.9 per cent from its August estimation of 3.7 per cent.“The ...

The Nation Reporter

Headline inflation posts 0.02% decline in August

Headline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government’s launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy ...

Wichit Chantanusornsiri

BoT sees uptick in fourth quarter

The Bank of Thailand believes the economy bottomed out in the third quarter and should gradually pick up from the fourth quarter thanks to progress in the vaccination rollout and earlier than expected relaxation of the government’s containment measures.Lockdown measures to contain the Delta variant ...

Somruedi Banchongduang

Economy at risk of contraction in Q3: Krungsri Research

Thailand’s overall economy is at risk of contraction in the third quarter due to restrictions on economic activities to curb Covid-19 from spreading further, Krungsri Research revealed on Wednesday.In its monthly economic report, Krungsri Research said the private sector’s consumption index in July contracted -5.3 ...

The Nation Reporter

Exports seen up 10-12% this year - shippers

Thailand’s exports are expected to rise 10-12% this year as the global economy recovers, but the country’s coronavirus outbreak remains a negative factor, the National Shippers’ Council said on Tuesday.In the third quarter, exports, a rare bright spot in the economy, are forecast to increase ...

Bangkok Post Reporter

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

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