Risk-Averse Thai Investors Clash With Central Bank’s Baht Goals (Bloomberg) — The Bank of Thailand is scrapping obstacles for Thais to invest directly in foreign equities in an effort to stall the baht’s relentless rally, but will need to overcome locals’ traditional risk aversion for the program to succeed. Regulatory changes include raising the cap…
Massage shops and spas in Chon Buri get the “okay” to reopen Massage shops and spas as well as other similar venues in Chon Buri will be allowed to reopen after being closed for nearly a month due to strict Covid-19 control measures. Massage and spa workers gathered earlier this week, calling on the government…
Chatuchak market is in worst crisis in 5 decades due to Covid-19, vendors say Chatuchak Weekend Market, Bangkok’s biggest market and a popular tourist destination, is hit hard by the new wave of Covid-19. With the lack of foreign tourists due to travel restrictions over the past year, as well as more locals staying at…
The ‘office’ is SO last century. Say hello to the world of remote working. Do you work from home? Or can you work anywhere have a laptop and wi-fi? Are you a trader or selling stuff online? You’re part of a growing trend in modern work practices as the fancy city office becomes an expensive…
Thailand’s automotive sector expected to produce 1.4m cars this year This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million. Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars.…
Exports show first uptick in eight months as global economy revives, beating estimates Thailand’s exports value in December gained year-on-year for the first time in eight months, by 4.71 per cent to USD 20.08 billion, beating market estimates of an 1.3 – 2.4-per-cent contraction, the Ministry of Commerce said on Friday. The exports figure hit…
FTI sanguine on vehicle output, buyer confidence Car manufacturing is expected to increase by 5.12% to 1.5 million units this year from 1.42 million units last year as the Federation of Thai Industries (FTI) pins hopes on the state’s ability to get the ongoing outbreak under control to bring Thailand back on track towards economic…
Fitch sees ‘very dim’ path for GDP growth Despite several fundamental buffers to cushion against the crisis, Thailand’s near-term growth prospects are “very dimmed” due to substantial losses stemming from the absence of foreign tourist arrivals, said Fitch Ratings. “It is one of the economies that is most reliant on tourism flows. [Thailand] has been…
Thai economy to grow 4% in 2021 following 6.5% decline in 2020 The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections. The World Bank now expects that the Thai economy to expand by 4 per…
COVID-19 brings first consumer confidence drop in 3 months Consumer confidence in December 2020 was measured at 50.1 points, down from 52.4 the previous month. Economic confidence was also down to 43.5 from 45.6 points. BANGKOK (NNT) – Concerns linked to the new wave of COVID-19 infections has weighed on both daily life and business, resulting in the…