Thailand’s GDP contraction moderates to 6.4% in Q3 Worst days of COVID-19 are already past, economic planning agency insists BANGKOK — Thailand’s economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom’s economic planning agency said Monday. Gross domestic product shrank 6.4% on the…
Thai economy’s decline slows on eased lockdown, stimulus steps [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…
Economy shrinks 6.4% y/y in Q3, less than expected [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…
15 Asia-Pacific countries form the world’s largest trade bloc, the great RCEP reset After 8 gruelling years of negotiation, 15 countries have signed onto the largest free trade bloc in history. In a joint statement, the leaders of the countries, signatories of the trade deal, say RCEP (Regional Comprehensive Economic Partnership) will form a crucial…
Thai Airways adds another 21.5 billion baht debt in Q3 report Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter. At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end…
Thai Airways sells warehouse items and leases offices for extra cash In its latest move to generate just a little more cash in the midst of bankruptcy, cash-strapped Thai Airways is leasing out its office buildings and auctioning off in-flight items like bowls, cups, mugs and packages of “refreshing tissue.” Thai Airways also recently put…
Thai economy passed lowest point, to contract less than expected – officials BANGKOK (Reuters) – Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said. “We can say that our lowest point was in the second quarter,” Danucha…
Thai internet economy to triple in size to Bt1.6trn by 2025: Google Google forecasts Thailand’s internet economy will almost triple in size by 2025, from US$18 billion to $53 billion (Bt549 billion-Bt1.6 trillion). The findings come in the latest e-Conomy SEA Report 2020, which tracks the growth of online economies in Southeast Asia. The report…
Thailand ready to sign RCEP in mid-November Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle of this month, said the Bangkok Post on November 7. Bangkok (VNA) – Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle…
Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand BANGKOK, Nov 6, 2020 – (ACN Newswire) – Shrinkflex (Thailand) PCL (SET: SFT) is a leading provider of integrated labeling solutions featuring plastic shrink films in ASEAN. On October 29 the company was listed in the Market for Alternative Investment (MAI). SFT executives are…