Disasters

Thailand’s economic outlook remains highly uncertain with risks tilted to the downside and the central bank stands ready to use necessary tools to support an economy hammered by the coronavirus pandemic, central bank officials said on Wednesday.Southeast Asia’s second-largest economy contracted the most in 22 ...

The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.BAM explained that financial institutions in 1997 had a low rate fund ...

Thailand has tightened security at the main border trade gateway with Myanmar in Tak’s Mae Sot district after three Myanmar nationals tested positive for the coronavirus at the Thai border.Tak’s deputy governor, Suppimitr Paorik, has ordered vehicles from Myanmar to only load and unload goods ...

Assurance of a gradual economic recovery has been repeated by Thailand’s financial authorities using empirical evidence, but the reality on the ground reveals more pain in the near term.Despite signs of business activity re-emerging after strict lockdown measures were eased, the Covid-19 pandemic is challenging ...

Tourism could generate 1.5 trillion baht in revenue next year in the best-case scenario if market sentiment improves by April at the earliest, says the Tourism Authority of Thailand (TAT).Despite a resurgent pandemic, the TAT aims for Thailand to be among the top five tourism ...

The Tourism Council of Thailand (TCT) has reported that the tourism operators’ confidence index increased from 37 points in the second quarter to 60 points in the third quarter, following the lifting of various COVID-19 restrictions.Keep watching ...

The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...

Thailand will receive its first foreign vacationers when a flight from China arrives next week, marking the gradual restart of a vital tourism sector battered by coronavirus travel curbs, a senior official said on Tuesday.The first flight will have about 120 tourists from Guangzhou, flying ...

The government will extend the state of emergency through October and approve special tourist visas starting next month after a six-month gap, say ministers.The Centre for Covid-19 Situation Administration chaired by Prime Minister Prayut Chan-o-cha on Monday approved the extension through Oct 31, according to ...

With the deadline for the estimated 150,000 stranded foreign tourists in the kingdom to renew their visas having passed yesterday, it remains to be seen how many will continue to stay in the country either legally, having extended their right to stay, or illegally, facing ...