Thai firms, farmers to be taught how to tap potential of RCEP deal Thai farmers and entrepreneurs will be educated on how to utilise the benefits of the Regional Comprehensive Economic Partnership (RCEP) before the agreement is signed by member nations in November in Vietnam, Department of Trade Negotiations director-general Oramon Sapthaweetham said. There are…
Hotel bookings bounce back for long weekend holiday The long holiday weekend is reportedly seeing heavy bookings at hotels and resorts, reigniting hopes of a revival of domestic tourism, which has been battered for months by the Covid-19 outbreak. Accommodations in the southern provinces in particular have been receiving a good rate of bookings with holidaymakers for…
Thailand: Optimism In Deep South Despite Spike In Violence And Covid Crisis – Analysis Despite an intensive outbreak of Covid-19 infection clusters within the Thai Deep South, and a sudden spike in violent attacks by separatists, the region continues to display strong economic vibrancy. Major outbreaks of Covid-19 occurred in Yala and Patani, sparked by…
2020 Thai rice exports may hit 20-year low BANGKOK(NNT) – With the strong Thai baht, and the lack of development, Thailand was only able to export 3 million tons of rice in the first half of 2020. The Thai Rice Exporters Association has projected a grim outlook, reporting that the overall Thai rice export quantity…
Private sector hopes new economic team will ensure continuity and serve as coordinator BANGKOK (NNT) – The private sector would like the government’s new economic team to continue the previous team’s work and serve as a coordinator between government agencies and private firms, in an effort to revive the domestic economy quickly. The President of…
Thailand’s excellent COVID-19 response prompts further investment by Japanese companies BANGKOK (NNT) – Private Japanese companies have expressed their satisfaction with Thailand’s COVID-19 prevention and response. With a low number of cases reported, the companies have increased confidence in the country and are expected to expand their investments. The President of the Japan External Trade…
Thailand tries 2-prong strategy to get perishables to China Thailand is bypassing supply-chain roadblocks to deliver its perishables – mainly agricultural and food products – to China, its biggest market in Asia. Since Thailand shares no border with China, perishable goods like fruit and vegetables have traditionally been sent from Thai farms and warehouses by…
Somkid’s departure sees baht drop further The baht’s current shine as the ‘safe’ current in Asia has lost its lustre. After riding high as Asia’s best performing currency last year, the baht has wiped out all of its 8% gains this year during the Covid-19 crisis, and yesterday’s announcement of the resignations of Deputy PM Somkid Jatusripitak…
PM visits Sisaket, follows up economic development SISAKET (NNT) – The Prime Minister has made his first official trip since the COVID-19 outbreak to Sisaket province, observing the adaptation of people’s lives to the New Normal as well as following up on local economic projects. His first stop in the province was at Tubtim Durian…
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…