Government lowers international visitors to 3-4 million in 2021 BANGKOK (NNT) – The government has halved its expected number of international visitors this year as this month’s third outbreak of Covid-19 had battered tourism sentiment and the great uncertainty over how the pandemic would pan out. Tourism and Sports Minister Phiphat Ratchakitprakarn said the government…
Commerce Chamber believes economy will grow once vaccinations are widespread BANGKOK (NNT) – Economic analysts have expressed a belief that if the government is able to hit its target of vaccinating 70 percent of the population, the economy could still grow 3-4 percent this year, urging the private sector to help fund the undertaking. President…
Third wave of COVID-19 has cost the Thai economy 200-300 billion baht BANGKOK (NNT) – Analysts are encouraging the state to step up remedies for the COVID-19 situation, after assessing that the third wave of infections has cost the economy 200-300 billion baht and could cap growth this year at 1.6 percent. President of the…
Thai economy may lose $3 billion a month after new virus outbreak Analysts have cut growth forecasts for this year, but most concern now centres on the country’s slow vaccine rollout and whether the humanitarian crisis in Myanmar will cause a refugee spillover on the border that complicate efforts to suppress Covid-19 (ATF) Thailand’s economy…
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…
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 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…
Committee on commerce, industry and banking expects drop in GDP of 0.5% to 1% in 2021 BANGKOK (NNT) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by…
Bank of Thailand to introduce assistance measures amid COVID-19 surge BANGKOK (NNT) – The Bank of Thailand (BoT) is ready to introduce necessary assistance measures in addition to recent support schemes, which the government approved financial measures worth 350 billion baht to help business cope with the outbreak impact. BoT Deputy Governor Ronadol Numnonda said…
Thailand central bank unfazed by US currency watchlist inclusion Bank of Thailand headquarters buildings in Bangkok. Thailand’s central bank has responded to the US decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility in the baht. Bloomberg/Bangkok The Bank of Thailand has…