News

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...