Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity. Hanoi (VNA) – Thailand’s economy contracted 1.8 percent in the January-March period from a…

SACICT to expand handicraft market on e-commerce

SACICT to expand handicraft market on e-commerce

SACICT to expand handicraft market on e-commerce BANGKOK(NNT) – As running a business will be different from what it was before the coranavirus disease (COVID-19) pandemic, the SUPPORT Arts and Crafts International Center of Thailand (SACICT) plans to restructure and modernize its handicraft organization, while helping communities adapt to the digital economy and use e-commerce…

Malls head list of venues due to reopen at end of week

Malls head list of venues due to reopen at end of week The government’s Centre for Covid-19 Situation Administration on Monday (May 11) revealed the draft list of venues and activities allowed to reopen or restart under the second phase of lockdown easing, which is expected to take place on Sunday, May 17. The list…

Bangkok Governor extends Chatuchak Market opening hours

Bangkok Governor extends Chatuchak Market opening hours

Bangkok Governor extends Chatuchak Market opening hours BANGKOK(NNT)-The Bangkok Governor today issued an order to extend Chatuchak Market opening hours to support shopkeepers and customers, with a further hour of shopping time. The market is now open from 5 a.m. to 7 p.m. Customers and shopkeepers are asked to maintain appropriate personal distance and follow…

New land tax forces land owners to evaluate their options

JSCCIB expects Thai economy to contract by 3-5% this year

JSCCIB expects Thai economy to contract by 3-5% this year BANGKOK(NNT) – Due to the impacts of COVID -19, the meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the Thai economy to contract 3-5 percent in 2020, which is less than the International Monetary Fund (IMF)’s prediction of between 6…

Covid-19, poverty, social protection and the Thai economy

Covid-19, poverty, social protection and the Thai economy More than half of workers in Thailand are informal, meaning they are not covered by a social security scheme and are particularly vulnerable. The coronavirus pandemic (COVID-19) has touched people from all walks of life. Across Thailand, children have been home from school, employees have been working…