Economy and commerce

More than 80 per cent of Thai organisations surveyed by PwC recently said they were hit adversely by the Covid-19 pandemic, while the report indicated that successful crisis recovery hinges on improving resiliency.The Thailand part of PwC’s “Global Crisis Survey 2021” – a global survey ...

The government looks set to prepare more than 300 billion baht’s worth of new measures to help reduce people’s expenses and stimulate domestic consumption battered by a fresh wave of Covid-19 infections.Kulaya Tantitemit, the director-general of the Fiscal Policy Office under the Finance Ministry, said ...

Ten SET-listed commercial banks restrained their non-performing loan (NPL) ratio in the first quarter of 2021 as they set aside a relatively high provision for loan loss amid uncertainty brought about by the pandemic.Among the big players, Bangkok Bank (BBL) and Krungthai Bank (KTB) reported ...

Thailand’s economy could lose 100 billion baht ($3.2 billion) a month, a university warned on Thursday, as the country struggles with a third wave of the coronavirus. The University of the Thai Chamber of Commerce said the latest wave could reduce the number of workers by ...

Commerce Minister Jurin Laksanawisit expects 8% growth of exports in March, driven partly by a squad of national and provincial “salesmen” who are helping arrange online business matching between Thai exporters and foreign buyers to boost trade.The forecast, which followed the latest assessment of export ...

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate.The JSCCIB’s outlook was lower than the previous one in March ...

Kasikorn Research Centre has slashed its growth forecast for the Thai economy in this 2021 from 2.6 per cent to 1.8 per cent following the latest outbreak of Covid-19 in the country.The research centre said the downgrade came despite positive factors such as the upswing ...

The Cabinet on Tuesday agreed to allow another 2.4 million people to register for the government’s cash-handout “RaoChana” (We Win) scheme and agreed to give beneficiaries until June 30 to use up their subsidy, a source said.The proposal had been put forward by the Fiscal ...

The Bank of Thailand said on Monday the current Covid-19 outbreak was highly uncertain and it was ready to introduce necessary assistance measures in addition to recent support schemes.The central bank is also closely monitoring the situation and discussing with relevant agencies help for retail ...

The Bank of Thailand (BoT) has asserted that it has stepped into the market only to curb volatility in the baht, and Thailand has never used the exchange rate as a tool to gain an unfair trade advantage.BoT assistant governor Chantavarn Sucharitakul said the central ...