Economy and commerce
Baht strengthens slightly
The baht opened at 31.41 to the US dollar this morning (July 30), strengthening from yesterday’s close of 31.44.The Thai currency is expected to move between 31.35 and 31.55, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities.Yesterday night (Thailand time), the US stock ...
The Nation Reporter
Thailand Sees 8.5% GDP Contraction as Virus Ravages Economy
Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on Thursday, compares with a previous projection of 2.4% growth. The central bank is estimating the economy ...
Thailand’s Amendments to Ease Doing Business
In June 2020, Thailand’s government approved new amendments to the Civil and Commercial Code (CCC) to simplify the process of setting up and conducting business in the country. It is anticipated that the proposed amendments will become law towards the end of 2020 or the ...
Asean economic officials to discuss ways of boosting regional economy
Auramon Supthaweethum, director general of the Department of Trade Negotiations, said at the “38th High Level Task Force on Asean Economic Integration” teleconference, the permanent secretaries will evaluate the progress Asean Economic Community (AEC) has made since it was established in 2015.They will also discuss ...
The Nation Reporter
China demand spiking for Thai durian
The Chinese appetite for Thai durians remains strong despite the coronavirus pandemic and weak global demand for goods.According to Commerce Ministry data, Thailand exported US$567.29 million worth of durians to China in the first four months of 2020, up 78% year-on-year from the same period ...
Bangkok Post Reporter
FTI says contagion an opportunity to push EEC
The government should take advantage of the coronavirus crisis to attract investment in the Eastern Economic Corridor (EEC) and make Thailand a standout among neighbouring countries as the most preferable investment destination, says the Federation of Thai Industries (FTI).“Thailand needs to start stimulating investment now, ...
Lamonphet Apisitniran
Bank deposits swell as investors avoid risk assets in uncertain times
Despite lower interest rates this year, bank deposits have risen sharply as investors have stayed away from investment in risk assets.Banks’ deposits as the end of May shot up by 8.76 per cent to Bt 14.63 trillion, an increase of Bt1.18 trillion from the end ...
The Nation Reporter
Thailand – Cambodia border reopening proposed to resume bilateral trade
A vice chairman of the Sa Kaeo provincial council has proposed the reopening of the Aranyaprathet border crossing to resume border trade.Thongwara Maksakhon, the vice chairman of the provincial council, said that he would like to ask relevant authorities to make it clear if or ...
BOT focuses on pre-emptive moves to mitigate Covid-19 impact on economy
Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...
The Nation Reporter
Bt1.6-billion FDI got the nod in June
The committee overseeing foreigners’ investment under the Foreign Business Act permitted 22 foreigners to invest in Thailand in June, according to the Department of Business Development’s director-general, Vuttikrai Leewiraphan.Most of them are from Japan, Singapore and China with total foreign direct investment (FDI) of Bt1.587 ...
The Nation Reporter
