Thailand’s Economy and the Pandemic: Facing Delays and Difficult Choices Thailand is one of the few countries that can claim to have restricted the internal spread of COVID-19 so far. The country has yet to reach 3500 total cases, with limited deaths, currently at 58. A timely border closure supported by initiatives that were broadly embraced by…
Thailand to focus on socio-economic recovery in the next two years Thai Prime Minister Prayut Chan-o-cha has underscored that the country’s economic and social development plan over the next two years should focus primarily on community-level economic development, enhancing competitiveness, upgrading human resources and infrastructure development. Bangkok (VNA) – Thai Prime Minister Prayut Chan-o-cha has underscored…
4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report 4 Thai banks are being investigated after an international money laundering report said the Thai banks had “suspicious financial transactions.” The report found 92 “suspicious” transactions in and out of Thailand totalling to $9,558,752 USD received in Thailand and $31,750,000 USD sent…
Thai cabinet adds 2 more 4-day long weekends A holiday-led economic recovery. That appears to be a part of the government’s agenda following yesterday’s meeting of the Thai cabinet. 2 new holiday weekends have been created, one in November, one in December, in efforts to further stimulate the economy. In both cases the extended weekends…
Confidence index in August hits highest level in a year, as mood on economy improves The Thai Chamber of Commerce Confidence Index for August saw its first rise in 12 month, moving up to 32.6, from 31.8 in July, said Thanawat Polvichai, the director of the University of the Thai Chamber of Commerce’s Centre for…
Experts weigh impact of Bt51bn stimulus on Thai stocks Experts say the government’s latest stimulus injection of Bt51 billion will affect the stock market – but only slightly. On Wednesday, the Centre for Economic Situation Administration (CESA) approved the Bt51 billion injection via two schemes for mainly low-income citizens. In the first scheme, 14 million…
Thai economy likely to continue shrinking until Q1 2021 – RHB Research By Linda Khoo Hui Li BANGKOK, Sept 17 – Thailand’s economy is likely to stay in contraction until the first quarter of 2021, said RHB Research Institute Sdn Bhd. In a note today, the research house said the country’s economic activities were starting to…
Thai Economy May Contract for Second Year With Tourism in Limbo (Bloomberg) — Thailand’s economy could contract for a second straight year in 2021 if it takes a cautious approach to reopening its tourism industry, according to a central bank official. If Thailand remains closed to foreign tourists until a vaccine is widely available –…
Bangkok expo planned to fill 1 million job vacancies Thailand has a lot of job opportunities. About a million. The Labour Ministry is hosting an expo to connect job seekers, especially recent university graduates, with companies. For recent graduates, a new government initiative co-payment system will take care of half the salary. Job Expo Thailand…
Consumer confidence in August up for four straight months The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in August from 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April. The University of the Thai Chamber of Commerce’s Center for Economic…