SET trading rose 43% in February, signals recovery Trading value on the Stock Exchange of Thailand (SET) in February rose 43% from the same period last year, with stocks in the food, banking and industrial sectors outperforming and providing a strong sign of a global economic recovery. Soraphol Tulayasathien, the SET’s senior executive vice-president, said…
Slow return of foreign tourism makes more redundancies inevitable – Airlines Association of Thailand The president of the Airlines Association of Thailand says further layoffs in the sector are inevitable, due to the slow return of international tourism. In a Bangkok Post report, Puttipong Prasarttong-Osoth says the sluggish revival of foreign tourism, now not expected…
Economic think-tank says the future of tourism in Thailand hangs on vaccination The research division of Thailand’s Kasikorn Bank says everything hangs on vaccination strategies, both here and abroad. Kevalin Wangpichayasuk from the Kasikorn Research Centre says the rollout of Covid-19 vaccines globally will have a significant impact on the recovery of tourism in the…
Thailand economic freedom climbs to 3rd in ASEAN vowing property and contractual rights Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia. Thailand has a business freedom index of 85.3 out…
Thai Credit Guarantee Corp to assist struggling SMEs saddled with bad debts State-owned Thai Credit Guarantee Corporation (TCG) is preparing to launch a 20-billion-baht bad debt guarantee program to assist struggling small and medium-sized enterprises (SMEs) saddled with bad debts. TCG’s president and chief executive Rak Vorrakitpokatorn said the program will commence in April for SMEs whose loans have turned into special mention loans,…
Thailand-Russia trade expansion MoU targeting US$10 billion by 2023 approved The Cabinet has approved a memorandum of understanding (MoU) on the expansion of trade and economic cooperation between Thailand and Russia. The objective of the MoU is to enhance and strengthen relations, as well as expand economic cooperation and technological development. The Thai-Russian Trade and Economic Cooperation subcommittee has set a trade-value target of US$10 billion by 2023…
Brother sees 8% growth for fiscal 2021 Brother Commercial Thailand, the local unit of the Japanese printing tech firm, has set a fiscal 2021 growth target of 8% because of rising demand for single-function and medium-sized printers, as well as expansion to a subscription model. “We have seen a rapid change in the behaviour of…
Thailand Eastern Economic Corridor expects 300-billion-baht investment in 2021 BANGKOK – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases. EEC Secretary -General Kanit Sangsubhan said actual investment in…
TV5 and JD.com partner for fruit sales Royal Thai Army Radio and Television (TV5) is working with Chinese e-commerce giant JD.com to help promote Thai agricultural products on the platform as part of measures to increase income for farmers and the country’s economy. “Talks have been held with JD.com to export Thai fruit to JD…
Thai businesses call for vaccine passports, more foreign suppliers, to safeguard economic recovery Thailand’s economic recovery will depend on how the government handles the question of vaccinations this year, the country’s top business association said Wednesday, calling for vaccine-passport programmes to boost tourism, and a wider supply of imported vaccines for Thai citizens. The Joint…