Private sector hopes new economic team will ensure continuity and serve as coordinator BANGKOK (NNT) – The private sector would like the government’s new economic team to continue the previous team’s work and serve as a coordinator between government agencies and private firms, in an effort to revive the domestic economy quickly. The President of…
Thailand’s excellent COVID-19 response prompts further investment by Japanese companies BANGKOK (NNT) – Private Japanese companies have expressed their satisfaction with Thailand’s COVID-19 prevention and response. With a low number of cases reported, the companies have increased confidence in the country and are expected to expand their investments. The President of the Japan External Trade…
Thailand tries 2-prong strategy to get perishables to China Thailand is bypassing supply-chain roadblocks to deliver its perishables – mainly agricultural and food products – to China, its biggest market in Asia. Since Thailand shares no border with China, perishable goods like fruit and vegetables have traditionally been sent from Thai farms and warehouses by…
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…
PM visits Sisaket, follows up economic development SISAKET (NNT) – The Prime Minister has made his first official trip since the COVID-19 outbreak to Sisaket province, observing the adaptation of people’s lives to the New Normal as well as following up on local economic projects. His first stop in the province was at Tubtim Durian…
Thai gov’t supports “Tourism Aid” to boost domestic tourism The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will stimulate tourist spending by between 30 – 50 billion baht, to the benefit of Thailand’s economy. Bangkok (NNT/VNA) – The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will…
AOT considering joint venture with Thai Airways to keep services running The company that runs 6 of Thailand’s airports says it wants to work with Thai Airways to ensure airport services can continue while the national carrier goes through a “rehabilitation” process and struggles with the loss of business caused by the Covid-19 crisis. Airports…
The Impact of COVID-19 on Thailand’s economy Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels Thailand has been successful in stemming the tide of COVID-19 infections over the last three…
Phuket’s (in)famous “Soi Bangla” district reopens today Today is the official reopening of Phuket’s famous (or infamous) “Soi Bangla” nightlife district, but only about 20% of venues say they’re reopening during this early stage. The Centre for Covid-19 Situation Administration announced yesterday that all night entertainment venues may reopen but must strictly adhere to health…
8.3 million Thai workers will lose employment or income in 2020 says World Bank The World Bank says that as much as 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, bringing the number of economically insecure people to 9.7 million Thailand’s economy is expected to be impacted severely by…