Economy and commerce

The third wave of the pandemic has unnerved businesses who previously believed they would be able to recover this year after Covid-19 walloped their income in 2020.Complicated by a more contagious UK Covid-19 strain, the third wave has seen more than 1,000 infections a day ...

A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45 per cent) were likely to avoid using cash after the Covid-19 pandemic ends.The study also delves into which activities Thai consumers are looking forward to spending on when recovery ...

A new campaign has been launched to help SMEs weather the COVID-19 crisis, with an online seminar recently being held to give entrepreneurs insight into modern trade markets to encourage more SMEs to sell their products at shopping malls and supermarkets, where they can reach ...

Following the hashtag #NOCPTPP​ trending due to resistance directed at Thailand’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Foreign Affairs explained that the Cabinet only agreed to grant the Prime Minister another 50 days to consider the issue to ...

Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday.The UTCC, which compiles the monthly reports, said that the index was its lowest since October ...

The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.The latest outbreak has slowed domestic activity for the tourism-reliant economy at ...

Thailand’s headline consumer price index (CPI) in April jumped 3.41 per cent year-on-year to 100.48 points, the first time it rose in 14 months, the Ministry of Commerce said Wednesday.“The surge of consumer price index in April was the highest record in eight years and ...

Liquidity in the domestic banking sector has been declining due to higher deposit withdrawals from business operators attempting to cope with the impact of the prolonged pandemic.According to Kasikorn Research Center (K-Research), outstanding deposits at 19 registered commercial banks in the first quarter of 2021 ...

Thailand is speeding up registration of geographical indication (GI) products in four countries to prevent foreign sellers from claiming they make the products and helping to increase Thai exports during the pandemic this year.GI is a certificate indicating goods with unique characteristics come from certain ...

The fresh wave of Covid-19 infections has the Bank of Thailand likely to slash its economic growth forecast for this year from a previous prediction of 3%.The central bank is monitoring the impact of the third wave, with a downgrade possible because of the effects ...