Bangkok Post
Pandemic leads to exodus of B95bn from Thai bourse
More than 95 billion baht in capital flowed out of the Thai stock market in the first seven months of the year, partly because of the worsening pandemic, sputtering attempts to revive foreign tourism, and possibly a second year of economic contraction.The pandemic situation in ...
Bangkok Post Reporter
BoT cuts 2021 GDP rise to 0.7%
The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection.The BoT’s Monetary Policy Committee ...
Somruedi Banchongduang
Unemployment hit 5-year high in Q1
The pandemic drove the country’s unemployment rate up to 1.96% in the first quarter, the highest level in five years, while the IT sector saw the highest number of job postings compared with other industries in the first half of this year, according to job ...
Suchit Leesa-Nguansuk
MPI forecast revised up to 4-5% on export growth
Thailand’s manufacturing production index (MPI) is expected to grow by 4-5% this year, up from an earlier forecast of 2-3% made by the Office of Industrial Economics (OIE), due mainly to fast-growing exports.The adjustment in the forecast was announced as the OIE reported the MPI ...
Lamonphet Apisitniran
A just transition requires a major paradigm shift
Covid-19 is a disease that not only attacks individuals but Thai society. Millions of workers who make subsistence wages or already face household debt now have no income. Thailand is seeing — like much of the world — people sliding back into extreme poverty and ...
Coral-damaging sunscreens banned in marine parks
Sunscreen products with chemical compounds that are harmful to coral are now prohibited from being used in Thai marine national parks, the Department of National Parks, Wildlife and Plant Conservation said on Wednesday.The chemical compounds banned are Oxybenzone (Benzophenone-3, BP-3), Octinoxate (Ethylhexyl methoxycinnamate), 4-Methylbenzylid Camphor ...
Apinya Wipatayotin
Fuel consumption drops by 1.7%
Thailand saw its fuel consumption decline by 1.7% to an average of 136 million litres per day during the first half of this year, largely attributed to the third wave of Covid-19, says the Department of Energy Business.Average fuel consumption stood at 138 million litres ...
Yuthana Praiwan
Firms want govt to give jab tax relief
The government is being encouraged to allow companies to have the cost of providing Covid-19 vaccines to their employees deducted from their corporate tax, as an indirect economic stimulus.On average the cost of importing a Covid-19 vaccine per employee is 2,000 baht, or about 2 ...
Bangkok Post Reporter
Bank of Thailand holds rate, cuts GDP forecast on Covid spike
The Bank of Thailand (BoT) held its key interest rate unchanged and cut its economic forecast a day after lockdown-like measures were extended to more of the country, with two dissenting members saying rates should be lowered even further.The BoT’s Monetary Policy Committee voted four ...
Homecare cases now eligible for insurance payouts
The Office of Insurance Commission (OIC) on Saturday said Covid-19 patients in home and community isolation programmes are eligible for reimbursements from insurance companies.OIC secretary-general Suthiphon Thaveechaiyagarn said the Covid-19 crisis shows no signs of abating and hospital beds are beginning to run short.Even though ...
Bangkok Post Reporter
