Economy and commerce

A majority of people agree with the government’s intention to create a special, long holiday similar to Songkran to help stimulate the country’s sagging economy, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on April 6-15 ...

The baht opened at 31.17 to the US dollar on Friday, strengthening from its close of 31.49 on Monday.The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said.He expected the baht to strengthen due ...

Thailand’s economic recovery could see further delay as the country faces the 3rd wave of Covid-19 outbreak, which could further dent the already fragile consumer and industry confidence.The country was until recently considered as having done an outstanding job in handing its Covid-19 cases. But ...

The Bank of Thailand (BoT) needs to monitor on the fresh wave of Covid-19 situation, specifically the stringency of the government’s additional measures, as well as people’s consumption behavior in order to assess the impact of the new round of infections.BoT deputy governor Mathee Supapongse ...

The Bank of Thailand pledges to keep a close watch on the fresh wave of Covid-19 infections and, in particular, the government’s measures in containing the infections as well as people’s consumption behaviour.Mathee Supapongse, the central bank’s deputy governor for monetary stability, said at an ...

Activist Srisuwan Janya will today ask the National Anti-Corruption Commission (NACC) to investigate the Department of Livestock Development (DLD) after traders complained its staff spent too much time inspecting meat, leading it to become rotten.“The DLD even campaigns about the safety of animal meat before ...

Consumer spending is expected to decline by up to 50 billion baht a month as a result of the new outbreak of Covid-19 which also threatens to cause a further drop in the Consumer Confidence Index over the next three months, says the University of ...

Thailand’s economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant.The tourism-reliant economy suffered the deepest slump in over two decades last year, ...

The new Covid-19 outbreak, which stunned Thai people with a new hardly controlled virus variant, continues to raise more concerns over economic health, adding fiscal-monetary burdens to the government, now likely to see GDP miss its target.The Federation of Thai Industry (FTI) on Thursday warned ...

Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic.According to the Bank of Thailand, e-money spending value has continued to increase for the past five years.Keep reading ...