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The Bank of Thailand will not extend a broad-based debt moratorium but will introduce targeted measures to help debtors affected by the coronavirus pandemic, a BoT assistant governor said on Friday.Southeast Asia’s second-largest economy posted its deepest contraction in over two decades in the second ...

Thailand and China have agreed to cooperate in multiple respects to research and develop a vaccine for COVID-19, as well as mutually work to revive one another’s economies.Keep watching ...

The University of the Thai Chamber of Commerce (UTCC) said that the Thai Chamber of Commerce (TCC) Confidence Index in September has improved, but still underperformed due to the COVID-19 pandemic and the ongoing political turmoil.Keep watching ...

Thailand’s economic outlook remains highly uncertain with risks tilted to the downside and the central bank stands ready to use necessary tools to support an economy hammered by the coronavirus pandemic, central bank officials said on Wednesday.Southeast Asia’s second-largest economy contracted the most in 22 ...

As Thailand’s economy cracks under COVID-19, land ownership and access are key to many communities’ ability to ride out the crisis. Amid ongoing popular protests, Thailand must decide how to address its stark wealth gap and the needs of low-income rural communities.Keep reading ...

The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.BAM explained that financial institutions in 1997 had a low rate fund ...

Thailand has tightened security at the main border trade gateway with Myanmar in Tak’s Mae Sot district after three Myanmar nationals tested positive for the coronavirus at the Thai border.Tak’s deputy governor, Suppimitr Paorik, has ordered vehicles from Myanmar to only load and unload goods ...

Assurance of a gradual economic recovery has been repeated by Thailand’s financial authorities using empirical evidence, but the reality on the ground reveals more pain in the near term.Despite signs of business activity re-emerging after strict lockdown measures were eased, the Covid-19 pandemic is challenging ...

Tourism could generate 1.5 trillion baht in revenue next year in the best-case scenario if market sentiment improves by April at the earliest, says the Tourism Authority of Thailand (TAT).Despite a resurgent pandemic, the TAT aims for Thailand to be among the top five tourism ...

The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...