Economy and commerce

Thai National Shippers Council (TNSC) expects exports this month to only grow by 3 to 4 per cent, as the new wave of Covid-19 infections is expected to further affect the export sector.TNSC president Kanyapak Tantipipattanapong, however, admitted that the new normal and the work-from-home ...

The Finance Ministry this year will have three areas of focus to revive Thailand’s economy from the Covid-19 pandemic fallout, ministry spokesperson Kulaya Tantitemit said.First, the ministry will urgently push for economic revival through speeding up budget disbursement and state spending. The ministry also would ...

Factory activity across Asia — including Thailand — continues to gain momentum, spurred by strong demand for the region’s exports, purchasing managers’ indexes show.Japan’s PMI rose to 50 in December, its highest reading since April 2019, according to Jibun Bank and IHS Markit. Taiwan’s PMI ...

Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even ...

Despite decades of rapid change, 2020 somehow shifted the pace into overdrive, forcing businesses to change course overnight, workers to scramble to find a place in the new economy and leaders to carve out lucrative opportunities.These trends of 2020 highlight not only the chaos, but ...

The Ministry of Commerce on Wednesday estimated Thailand’s exports in 2021 to gradually recover, with a 4 per cent growth following signs of a better global trade, COVID-19 vaccines, and economic stimuluses in many countries.Thai exports saw less contraction at 3.65 per cent year-on-year in ...

This year’s aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).The estimate uses the Thai Financial Reporting Standards 9 (TFRS 9).The combined net profit of registered ...

The Digital Economy Promotion Agency (Depa) has vowed to increase the GDP of the country’s digital industry by 1% or 6 billion baht next year through various support programmes.The commitment was spelled out by Depa president and chief executive Nuttapon Nimmanphatcharin in a recent press ...

The Royal Thai Police is intensifying its hunt for Thai and foreign criminals who run scam call centres that send fake SMS messages to trick victims into replying with their bank account details.The widespread adoption of online payment methods in Thailand was highlighted by the ...

The Covid-19 outbreak that hit Thailand since April has exposed the fragility of the economy and shed light on the fact that we rely too much on export and tourism, Deputy PM Supattanapong Punmeechaow said.The deputy PM, who also holds the Energy portfolio, was speaking ...