Exim Bank assists capital-heavy firms The Export-Import Bank of Thailand (Exim Thailand) vows to offer loans with a special low interest rate and longer grace period to promote Thailand’s future industries. With investments in future industries such as electric vehicles (EVs) requiring relatively hefty capital and posing high risk because of uncertain demand, the bank…
Banks see growth in fees, service income Signs of recovery in the Thai economy and stock market in the first quarter raised equity and mutual fund investment, as well as fee-based income for Thailand’s banking sector. Ten SET-listed commercial banks reported combined fees and service income of 43.4 billion baht in the first quarter this…
Time to rethink future growth channels Double whammy of Covid-19 impact and transition into an aged society requires a proactive investment policy and an overhaul of govt bureaucracy The Thai economy faces a spate of challenges with the latest outbreak compounding the difficulty of recovery efforts. Kla Party leader and former finance minister Korn Chatikavanij…
Thai economic recovery trails others in Asia – ADB Developing Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic…
Customers can dine until 9pm, take-outs until 11pm in Bangkok The Bangkok Metropolitan Administration (BMA) decided to impose its harsh COVID-19 control measures until May 9, including the closure of 31 kinds of premises. Premises ordered for the temporary closure include theaters, water parks, amusement parks, zoos, game and internet shops, public swimming pools, exercise…
Export target likely to exceed 4% after Q1 bump The Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% growth, driven by intensive economic stimulus policies in trading countries, worldwide vaccinations and higher crude oil prices. Thai exports were above US$20 billion for…
More closures in Bangkok, in force now It’s not a formal lockdown, but it may as well be, with newly announced closures from the Bangkok Metropolitan Authority. From Monday, April 26, a lot more services, public spaces and businesses around Bangkok are now closed. Additionally events will be limited to just 20 people, down from…
Shopping centres, supermarkets and convenience stores to close an hour earlier in Red Zones With the rising reported cases in Thailand, The Thai Retailers Association and Thai Shopping Centre Association has adjusted closing times for shopping centres, supermarkets and your local convenience stores. The situation applies for red zone provinces only at this stage. The…
UTCC sees growth dip to 1.6% GDP growth may dive to 1.6% this year if the government fails to stimulate an economy reeling from the third wave of the pandemic, says the University of the Thai Chamber of Commerce (UTCC). Despite maintaining its GDP growth forecast at 2.8%, the university on Thursday warned the government about…
Private sector lowers economic forecast amid Covid surge The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate. The JSCCIB’s outlook was lower than the previous one in March of…