Economist predicts economy will shrink 8.9% this year, despite easing of restrictions

The Impact of COVID-19 on Thailand’s economy

The Impact of COVID-19 on Thailand’s economy Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels Thailand has been successful in stemming the tide of COVID-19 infections over the last three…

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on…

SET dips below 1,400 points after gloomy Fed prediction

SET dips below 1,400 points after gloomy Fed prediction

SET dips below 1,400 points after gloomy Fed prediction The Stock Exchange of Thailand (SET) Index closed at 1,396.77 today (June 11), down 22.00 points or 1.55 per cent. Total transactions amounted to Bt82.892 billion with an index high of 1,421.51 and a low of 1,384.68 In the morning session, a stock analyst at Krungsri Securities…

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Thai government to postpone tax increase on cheap cigarettes

Thai government to postpone tax increase on cheap cigarettes The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every…

Seven million Thai farmers receive 5000-baht subsidies

Seven million Thai farmers receive 5000-baht subsidies

Seven million Thai farmers receive 5000-baht subsidies BANGKOK (NNT) – The Bank for Agriculture and Agricultural Cooperatives (BAAC) has transferred subsidies to 7.1 million farmers and accelerated correction of incorrect bank account details of 214,000 farmers. Mr. Somkiat Kimawaha, BAAC assistant manager, said at the end of May, 5000-baht subsidies, worth 35.51 billion baht in…