Thai second-quarter GDP to post record contraction, slow recovery seen: Reuters poll

Baht and containers crucial to export hike

Baht and containers crucial to export hike Exports, a key driver of the country’s economic growth, could fare better than 3-4% growth this year if the government provides more support, particularly in handling the persistent baht rise and the container shortage, says the Thai National Shippers’ Council (TNSC). According to Ghanyapad Tantipipatpong, the TNSC’s chairwoman,…

Thai Economy Struggles Amid COVID Second Wave

Thai Economy Struggles Amid COVID Second Wave BANGKOK – Thailand had hoped the new year would bring relief to its battered economy. But a second wave of the coronavirus has sunk the kingdom deeper into trouble, leaving streets scarred with abandoned businesses and millions scrambling for an income. The kingdom, one of Asia’s most unequal…

Poll shows flea markets, supermarkets, most popular with Thais as lockdown easing continues

ASPS: Thai bourse can expect inflows

ASPS: Thai bourse can expect inflows Capital inflows will move towards risky assets, especially in Asia including Thailand after the International Monetary Fund (IMF) revised its world GDP growth estimate for 2021 from 5.2% to 5.5%, a signal the economic impact of the pandemic may have receded, predicts Asia Plus Securities (ASPS) Research. According to…