Consumer confidence index at its lowest point since the 1997/98 economic crisis Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday. The UTCC, which compiles the monthly reports, said that the index was its…
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…
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…
Thai economy set to lose $10 billion as Covid returns Consumer confidence has slumped with the return of the virus sparking fears for Thailand’s economy and jobs situation – meanwhile the Thai stock exchange has revealed plans to add $16 billion in market capitalisation in 2021 Thailand’s economy could lose as much as 300 billion…
Bank of Thailand takes action to curb Thai baht’s strength The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas…
Delay in US economic recovery could weaken the baht The baht opened at 31.22 to the US dollar on Friday, unchanged from the previous close on Thursday. The Thai currency is likely to move between 31.12 and 31.32 on Friday, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Thursday…
Evidence of Thai Airways’ corruption, mismanagement, sent to Finance Ministry The Finance Ministry has received 18 documents that show evidence of corruption and mismanagement at Thai Airways. The evidence was submitted by a Transport Ministry panel on corruption, pending a full investigation into “shady dealings” at the battered national carrier. The airline is currently undergoing…
Nok Air blames some of its losses on MPs who don’t show up for flights Part of Nok Air’s current losses are being blamed on privileged MPs, who receive free flights on the budget carrier but don’t turn up for their flights. Somboon Uthaiwiankul, secretary for the government’s House Speaker, says the issue was brought…
Somkid’s departure sees baht drop further The baht’s current shine as the ‘safe’ current in Asia has lost its lustre. After riding high as Asia’s best performing currency last year, the baht has wiped out all of its 8% gains this year during the Covid-19 crisis, and yesterday’s announcement of the resignations of Deputy PM Somkid Jatusripitak…
Border trade activity down 9.7% in first 5 months Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled…