Thailand Approves Latest Economic Relief Package for Businesses Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific…
Chatuchak Market to open weekdays BANGKOK (NNT) – Vendors at Chatuchak Weekend Market in Bangkok will be allowed to sell there on weekdays as well, as part of City Hall’s latest measure to help vendors affected by economic fallout caused by the pandemic. The Bangkok Metropolitan Administration’s (BMA) market office has given a green light…
Thai central bank revises down 2021 growth to 3.0% Bank maintains policy rate but provides new $11 billion aid to business Bangkok — The Bank of Thailand revised down its 2021 growth forecast, as the resurgence of COVID-19 in Southeast Asia’s second largest economy over the last few months had led to the closure of…
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…
RESILIENCE AND AGILITY: THE NEW MANTRAS FOR THAI BUSINESSES IN THE POST COVID-19 ERA The Thai government has introduced many measures in recent years to support a vibrant ecosystem for startups, with an aim to drive innovations and strengthen competitiveness of the overall economy. The country’s rapidly advancing digital industry has driven the development across…
Domestic car sales slump Domestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with…
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…
The ‘office’ is SO last year. Say hello to more remote working. Do you work from home? Or anywhere you have your laptop and wi-fi? You’re part of a growing trend in modern work practices as the fancy city office becomes an expensive relic of the ‘old normal’. 2020 became the year of people working…
Asian shares skid despite US economic stimulus deal In Asia, new COVID-19 outbreaks have led authorities to impose lockdowns or other restrictions in Australia and Thailand Shares started the week out on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that US lawmakers finally have a deal on more support for American families…
Domestic headwinds hinder recovery Thailand’s economy is projected to recover slowly because of downside risks from domestic headwinds despite upbeat signals about Covid-19 vaccine development, says KKP Research. Although the economy gained traction in the third quarter, the economic recovery outlook remains fragile and uneven for different sectors and throughout Thailand, according to a report…