TRIS Rating maps out rocky path to Thai economic recovery Thai businesses were coping with the sharp declines in revenue by aggressively cutting costs, stockpiling cash, and delaying capital expenditures in anticipation of a tough time ahead, according to TRIS Rating on Thursday.For its latest economic outlook, the credit-ratings agency assessed three key aspects governing…
Impacts of global economy and COVID-19 on Thailand BANGKOK (NNT) – During a censure debate, targeting the Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, the opposition Pheu Thai Party MP for Maha Sarakham, Suthin Khlangsaeng, said that the country’s high public debt is attributable to the government’s failure to address economic problems. However, several…
EIC cuts Thai economic forecast for 2021 to 2.2% as the COVID-19 outbreak resurfaced The recurring waves of the COVID-19 pandemic in various countries, including Thailand, will directly slow the pace of Thai economic recovery in 2021. As such, EIC revises the Thai GDP forecast down to 2.2% The recurring waves of the COVID-19 pandemic…
Promising Growth for 2021 – A look into the Chinese Economy and Thailand’s Resilient Exports to China The year 2020 has been a turbulent year for the entire world and Thailand has not been spared the wrath of the economic malaise that the pandemic has brought. Amid all the negative news there seems to be…
GDP Growth in Q4 2020 declined by 4.2 per cent; -6.1 per cent for the year Thailand’s economy in the fourth quarter of 2020 contracted 4.2 per cent, contributing to an abysmal 2020 with the economy shrinking 6.1 per cent for the entire year, the National Economic and Social Development Council (NESDC) said on Monday.…
Key economic data to determine direction of SET Index next week Five issues would affect the Stock Exchange of Thailand (SET) Index next week, an expert said on Sunday. An analyst at Kasikorn Asset Management expected the SET to have support at 1,485 and 1,500 points, but resistance at 1,520 and 1,530 points. He said…
Thai central bank leaves rate at record low, warns of economic risks Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, February 3, preserving its limited policy ammunition, but warned of risks as the country deals with a fresh wave of coronavirus infections. Southeast Asia’s second largest economy continues to recover…
Myanmar coup to have “minimal” impact on Thai economy, government says The Myanmar coup was expected to have minimal impact on the Thai economy, the government said Wednesday, but the investments in the Dawei Special Economic Zone will have to be put on hold for now. The coup “should not be a problem” as…
Thai Economy Struggles Amid COVID Second Wave BANGKOK – Thailand had hoped the new year would bring relief to its battered economy. But a second wave of the coronavirus has sunk the kingdom deeper into trouble, leaving streets scarred with abandoned businesses and millions scrambling for an income. The kingdom, one of Asia’s most unequal…
ASPS: Thai bourse can expect inflows Capital inflows will move towards risky assets, especially in Asia including Thailand after the International Monetary Fund (IMF) revised its world GDP growth estimate for 2021 from 5.2% to 5.5%, a signal the economic impact of the pandemic may have receded, predicts Asia Plus Securities (ASPS) Research. According to…