News

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 ...

Monthly social security contributions by employers and employees will be cut for the second time as a Covid-19 relief measure from September until November.Pissamai Nitipaiboon, deputy secretary-general of the Social Security Office (SSO), said the cabinet has approved the SSO board’s request for a reduced ...

Tourism operators are proposing a new inbound tourism plan, called Safe and Sealed, to replace travel bubbles and keep Thailand from realising a worst-case revenue scenario of 675 billion baht next year, down from 3.01 trillion baht in 2019.At Wednesday’s joint meeting of the Tourism ...

Commerce Minister Jurin Laksanawisit pledges to speed up adjustment of the Thai rice strategy as quickly as possible as the industry faces a slew of challenges including a strong baht and rising production costs.Mr Jurin said after presiding over a Thai hom mali fragrant rice ...

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 ...

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 ...

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 ...

The cabinet on Tuesday gave its approval for 884.62 million baht to be spent to fund 157 economic recovery projects in 57 provinces around the country that have been hit by the Covid-19 pandemic.Deputy government spokeswoman Rachada Dhnadirek said the money would be allotted to ...

The Tourism Authority of Thailand (TAT) says that if the country remains closed in the last quarter of the year, the number of foreign tourists will dramatically shrink to seven million for 2020.TAT deputy governor for tourism products and services Thapanee Kiatphaibool said while domestic ...

The Civil Aviation Authority of Thailand (CAAT) has lifted an entry ban on four groups of foreign nationals, in line with the Centre for Covid-19 Situation Administration’s (CCSA) easing of Covid-19 travel restrictions.CAAT director Chula Sukmanop said the agency’s easing of travel restrictions for non-Thai ...