Federation of Thai Industries says unemployment could hit 8m The prolonged Covid-19 pandemic will likely leave up to 8 million people unemployed by the end of this year, says the Federation of Thai Industries. The economy in the second half of 2020 will not fully recover because the stimulus packages will take time to boost…
Thailand: Optimism In Deep South Despite Spike In Violence And Covid Crisis – Analysis Despite an intensive outbreak of Covid-19 infection clusters within the Thai Deep South, and a sudden spike in violent attacks by separatists, the region continues to display strong economic vibrancy. Major outbreaks of Covid-19 occurred in Yala and Patani, sparked by…
2020 Thai rice exports may hit 20-year low BANGKOK(NNT) – With the strong Thai baht, and the lack of development, Thailand was only able to export 3 million tons of rice in the first half of 2020. The Thai Rice Exporters Association has projected a grim outlook, reporting that the overall Thai rice export quantity…
Private sector hopes new economic team will ensure continuity and serve as coordinator BANGKOK (NNT) – The private sector would like the government’s new economic team to continue the previous team’s work and serve as a coordinator between government agencies and private firms, in an effort to revive the domestic economy quickly. The President of…
Thailand’s excellent COVID-19 response prompts further investment by Japanese companies BANGKOK (NNT) – Private Japanese companies have expressed their satisfaction with Thailand’s COVID-19 prevention and response. With a low number of cases reported, the companies have increased confidence in the country and are expected to expand their investments. The President of the Japan External Trade…
Thailand tries 2-prong strategy to get perishables to China Thailand is bypassing supply-chain roadblocks to deliver its perishables – mainly agricultural and food products – to China, its biggest market in Asia. Since Thailand shares no border with China, perishable goods like fruit and vegetables have traditionally been sent from Thai farms and warehouses by…
Somkid’s departure sees baht drop further The baht’s current shine as the ‘safe’ current in Asia has lost its lustre. After riding high as Asia’s best performing currency last year, the baht has wiped out all of its 8% gains this year during the Covid-19 crisis, and yesterday’s announcement of the resignations of Deputy PM Somkid Jatusripitak…
PM visits Sisaket, follows up economic development SISAKET (NNT) – The Prime Minister has made his first official trip since the COVID-19 outbreak to Sisaket province, observing the adaptation of people’s lives to the New Normal as well as following up on local economic projects. His first stop in the province was at Tubtim Durian…
Airports to avoid losses: AoT chief The Airports of Thailand (AoT) is unlikely to post losses in the current fiscal year, despite the devastation caused by the Covid-19 pandemic, says its president, Nitinai Sirismatthakarn. Although the virus outbreak has forced many airports and airlines to shut for several months, AoT’s operations during the high season…
Border trade activity down 9.7% in first 5 months Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled…