Malls head list of venues due to reopen at end of week The government’s Centre for Covid-19 Situation Administration on Monday (May 11) revealed the draft list of venues and activities allowed to reopen or restart under the second phase of lockdown easing, which is expected to take place on Sunday, May 17. The list…
JSCCIB expects Thai economy to contract by 3-5% this year BANGKOK(NNT) – Due to the impacts of COVID -19, the meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the Thai economy to contract 3-5 percent in 2020, which is less than the International Monetary Fund (IMF)’s prediction of between 6…
How bad is COVID-19’s impact on Asian developing economies? Developing countries may not have the same deep and liquid bond markets that rich countries have, and they often have to issue bonds in foreign currencies, especially if bond issuance exceeds the ability of local bond buyers to absorb the new debt. In its April World Economic…
Covid-19, poverty, social protection and the Thai economy More than half of workers in Thailand are informal, meaning they are not covered by a social security scheme and are particularly vulnerable. The coronavirus pandemic (COVID-19) has touched people from all walks of life. Across Thailand, children have been home from school, employees have been working…
Jobless Thais queue for food as pandemic hits economy Thais are becoming increasingly desperate as the pandemic destroys the economy and the government struggles to respond. Long lines of unemployed relying on free food across Bangkok, scrambles for cash handouts and fishing in fetid canals — Thais are getting increasingly desperate as the pandemic destroys…
The China Bounce – are the Chinese packing their bags ready to come back to Thailand? The results of a comprehensive new survey of consumers in Mainland China’s first tier cities concludes that 53% of respondents would like to travel internationally sometime this year. Citing the opportunity, the most popular months for trips abroad for…
Back to business – time for Thailand’s tourist industry to get ready OPINION by Bill Barnett from c9hotelworks.com Tourism is a vital part of Thailand’s economy. And as the country emerges into the post-Covid world, getting tourists back to the country will be an essential springboard to the rest of the Thai economy. None of that…
PM asks public to cool down on selling their gold Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM…
March inflation hits 51-month low at -0.54 percent March 2020 inflation rate receded to 0.54 percent, marking the first recession in 33 months and the lowest inflation rate in 51 months. The inflation rate of the Thai economy has been reduced sharply by lower oil prices and a lesser demand for goods due to the…
Thailand’s export to contract by 7% in 2020 Thailand’s exports could shrink as much as 7% in 2020 showing its worst performance in a decade, or 3.7% if the Covid-19 crisis is contained before September. The Bank of Thailand and the Center for International Trade Studies at the University of the Thai Chamber of Commerce…