UTCC sees growth dip to 1.6%

UTCC sees growth dip to 1.6%

UTCC sees growth dip to 1.6% GDP growth may dive to 1.6% this year if the government fails to stimulate an economy reeling from the third wave of the pandemic, says the University of the Thai Chamber of Commerce (UTCC). Despite maintaining its GDP growth forecast at 2.8%, the university on Thursday warned the government about…

Economy still likely to grow

Economy still likely to grow The Thai economy is expected to grow 2.6% this year as the third wave of Covid is unlikely to affect the Stock Exchange of Thailand (SET) Index as much as the previous waves, says Asia Plus Securities (ASPS). Investors are recommended to increase investments in the electric vehicle (EV) and…

Private sector lowers economic forecast amid Covid surge

Private sector lowers economic forecast amid Covid surge

Private sector lowers economic forecast amid Covid surge The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate. The JSCCIB’s outlook was lower than the previous one in March of…

Banks to control asset quality

Banks to control asset quality The Thai banking industry is expected to remain cautious in controlling asset quality amid economic turbulence brought about by the Covid-19 pandemic. Pasakorn Wangvivatcharoen, research manager at Asia Plus Securities, said local banks showed signs of improving fee-based income from securities and asset management business. “Despite setting aside a massive…

Thailand bans domestic flights between 11pm – 4am

Thailand bans domestic flights between 11pm – 4am

Thailand bans domestic flights between 11pm – 4am The Civil Aviation Authority of Thailand (CAAT) is calling for the suspension of all domestic flights between 11pm and 4am in order to tackle the new wave of Covid-19. CAAT Director-General Suttipong Kongpool said the CAAT wants airports and airlines to bring all domestic flights in line…

Thailand promotes ‘work from home’ requirement as ‘office clusters’ increase

Thailand promotes ‘work from home’ requirement as ‘office clusters’ increase Thai government is urging all sectors to comply with the new COVID-19 restrictions by supporting work-from-home schemes where possible as Thailand logged another daily record number of COVID-19 cases at 1,767 on Sunday Centre for COVID-19 Situation Administration (CCSA) spokesman Dr Taweesilp Visanuyothin cited research…