Time to rethink future growth channels

Time to rethink future growth channels

Time to rethink future growth channels Double whammy of Covid-19 impact and transition into an aged society requires a proactive investment policy and an overhaul of govt bureaucracy The Thai economy faces a spate of challenges with the latest outbreak compounding the difficulty of recovery efforts. Kla Party leader and former finance minister Korn Chatikavanij…

CCSA to allow sports gatherings, exempt Chinese fruit traders from travel ban

First lot of pre-ordered Thai durian arrives China

First lot of pre-ordered Thai durian arrives China BANGKOK (NNT) – First lot of pre-ordered Thai durian arrives China. The first lot of pre-ordered Chanthaburi durians has arrived in China and will further be delivered directly to customers without passing a middleman. Advisor to Minister of Agriculture and Cooperatives, Alongkorn Ponlaboot revealed that on April 28,…

Thailand rice exports droop due to strong baht

Government to Reduce Thai Rice Export Tax

Government to Reduce Thai Rice Export Tax BANGKOK (NNT) – The Cabinet has approved in principle the Commerce Ministry’s plan to reduce surcharges for Thai rice exporters on rice shipments under the EU and UK quotas. Deputy government spokeswoman Rachada Dhnadirek said the export surcharge has been reduced to 1,500 baht per ton for grains bound…

Thai economy shrinks at fastest pace in eight years

Thai economic recovery trails others in Asia – ADB

Thai economic recovery trails others in Asia – ADB Developing Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic…

Rating agency's confidence in Thailand pleases PM

Rating agency’s confidence in Thailand pleases PM

Rating agency’s confidence in Thailand pleases PM Prime Minister Prayut Chan-o-cha has welcomed confirmation by the Japan Credit Rating Agency (JCR) that the Thai economy’s outlook is stable despite the economic impact of Covid-19. The JCR announced on Monday that Thailand had been rated as having a stable outlook and said that reflected the country’s…

Thai fruit exports to FTA markets up 107 percent

Thai fruit exports to FTA markets up 107 percent

Thai fruit exports to FTA markets up 107 percent China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges. BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global…

Thailand Rethinks Vaccine Plan as New Wave Hits Economy, Tourism

Thailand Rethinks Vaccine Plan as New Wave Hits Economy, Tourism

Thailand Rethinks Vaccine Plan as New Wave Hits Economy, Tourism (Bloomberg) — Thailand is reworking its vaccine strategy as a month-long soft lockdown to contain its worst wave of Covid-19 infections deepens an economic crisis and risks plans for reopening the crucial tourism industry. Prime Minister Prayuth Chan-Ocha will meet Wednesday with industry groups, including…

Customers can dine until 9pm, take-outs until 11pm in Bangkok

Customers can dine until 9pm, take-outs until 11pm in Bangkok

Customers can dine until 9pm, take-outs until 11pm in Bangkok The Bangkok Metropolitan Administration (BMA) decided to impose its harsh COVID-19 control measures until May 9, including the closure of 31 kinds of premises. Premises ordered for the temporary closure include theaters, water parks, amusement parks, zoos, game and internet shops, public swimming pools, exercise…

Thailand to likely slash GDP forecasts after new COVID-19 wave

Thailand to likely slash GDP forecasts after new COVID-19 wave

Thailand to likely slash GDP forecasts after new COVID-19 wave Thailand’s central bank will likely slash its economic growth outlook for both this and next year as the country struggles with a rapidly spreading third wave of COVID-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and…