Economy and commerce
Thai exports in May hit lowest level in years
Thailand’s exports in May amounted to $16.278 billion, the lowest in the past four years, the Trade Policy and Strategy Office said on Wednesday (June 24).Exports were hit due to the ongoing global Covid-19 crisis, its impact on consumers’ purchasing power, as well as the ...
The Nation Reporter
Ministry to consider tax perks to stimulate retail spending
The Finance Ministry is ready to consider retail operators’ proposal for tax breaks on shopping to stimulate domestic spending, says Finance Minister Uttama Savanayana.The ministry has delegated related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, ...
Bangkok Post Reporter
Covid-19 second wave leads to surge in demand for safe-haven assets
Investors are likely to shift from risk assets to safe-haven assets due to uncertainty following the second wave of Covid-19 pandemic, experts said.The baht this week moved between 30.94 and 31.24 against the dollar.The dollar strengthened due to uncertainty following rising Covid-19 cases in the ...
The Nation Reporter
FTI taking SME rehab plan to PM
The Federation of Thai Industries (FTI) will submit its economic rehabilitation plan to Prime Minister Prayut Chan-o-cha today, urging the government to speed up issuance of soft loans and technological help for farmers and small and medium-sized enterprises (SMEs).Speaking on Thursday, FTI chairman Supant Mongkolsuthree ...
Lamonphet Apisitniran
New relief package to sustain debtors
The Bank of Thailand is to unveil a relief package today to help debtors ravaged by the coronavirus pandemic, as the three-month blanket debt holiday is expiring at the end of this month.“The regulator considers the ceiling rate reduction for credit cards as reasonable because ...
Somruedi Banchongduang
Business unusual
This moment is a uniquely testing time for us all. The speed at which Covid-19 has spread across the world and the severity of the disruption to the global economy have been unprecedented.With the pandemic affecting every element of business, from the robustness of supply ...
Household debt could soar beyond 80% of GDP due to Covid-19 crisis: NESDC
The Covid-19 crisis has had a massive impact on household debt and it is expected to rise to more than 80 per cent of GDP, the National Economic and Social Development Council (NESDC), a state think-tank, has warned.Thai household debt stood at 79.8 per cent ...
The Nation Reporter
Industrial group supports Thailand joining CPTPP
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) supports the move to make Thailand a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost the nation’s international trade in the post-pandemic period.The panel’s stance, unveiled on Tuesday by the ...
Lamonphet Apisitniran
Change of consumer behaviour in new normal boosts online sales
E-commerce in Thailand this year will rise by 35 per cent or Bt220 billion due to the “new normal” brought on by the government’s lockdown measures amid the Covid-19 crisis, Priceza.com revealed on Wednesday (June 10).Priceza.com is a leading price comparison website in Southeast Asia ...
The Nation Reporter
On the Thai-Myanmar border, COVID-19 closes a billion-dollar racket
The closure of dozens of illegal trade gates along the border with Thailand to prevent the spread of COVID-19 is causing shortages of everything from beer and energy drinks to detergent and cosmetics, highlighting the vast scale of informal trade with Thailand.For decades, billions of ...
