Economy and commerce
Cross-border trade drops by over 9% in first half
Thailand’s cross-border trade fell by 9.18% year-on-year in the first half, attributed to lockdown measures and the slowing economies of neighbouring countries.The Foreign Trade Department reported overall cross-border trade, including transit trade, totalled 627 billion baht for January to June, with Malaysia the biggest partner ...
Phusadee Arunmas
Trade department to push for RCEP signing in October
The Department of Trade Negotiations will urge the Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) pact, the department’s director general Auramon Supthaweethum said.She added that the vetting of all 20 chapters of the accord had been completed and that it ...
The Nation Reporter
Confidence down as political tension flares
Stock investors’ confidence for the three months to October remains in neutral territory as concerns over heightening domestic political tension and the economic slowdown drag down optimism.The investor confidence index (ICI) fell 16% to 85.3 from June’s 101.2, according to the monthly survey by the ...
Bangkok Post Reporter
Poll suggests need for better strategy
Thailand is being urged to fine-tune its development strategy and rejig incentives to focus on promoting the nation as a production hub for health products like rubber gloves, supplements and medical devices in the wake of the coronavirus crisis.Aat Pisanwanich, director of the Center for ...
Phusadee Arunmas
Bank of Thailand leaves policy rate unchanged at record low
The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a second straight meeting on Wednesday, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.The BoT’s Monetary Policy ...
Three factors hammering Thai stock exchange: analyst
Uncertainty over weak profit forecasts, political issues, and the global economic freeze are hammering the Stock Exchange of Thailand (SET) Index, said an expert at Tisco Securities.Senior Tisco Securities strategist Apichat Poobunjirdkul said the Thai stock market is currently facing a correction and is likely ...
The Nation Reporter
Pandemic gives impetus to online banking
Commercial bank have said that the Covid-19 outbreak will make more customers opt for online services.Siam Commercial Bank (SCB) saw 900,000 customers opt for online banking, while the number of online accounts jumped by 83 per cent, with the number of online customers expected to ...
The Nation Reporter
Thai embassies in 30 nations urged to woo investors for EEC
The Eastern Economic Corridor (EEC) Office of Thailand has recently called on Thai embassies in 30 countries to approach foreign firms to invest in the EEC, the office’s secretary-general Kanit Sangsubhan said.He said the EEC’s main targets are firms in technology, logistics, medical and health ...
The Nation Reporter
Exports may shrink 15% this year: shippers
Thailand’s exports may contract by 15% this year as the coronavirus pandemic hits global demand and a stubbornly strong baht adds to pressure, a shipping association said on Tuesday.Exports, a key driver of growth, slumped 15.2% in the second quarter from a year earlier and ...
Thailand second quarter economy likely shrank by record 12%-13% year-on-year: central bank
Thailand’s economy may have shrank by 12%-13% in the second quarter from a year earlier due to the impacts of the coronavirous pandemic, the central bank said on Friday, in what could be a record contraction.However, the economy had improved in June from the previous ...
