Promising Growth for 2021 – A look into the Chinese Economy and Thailand’s Resilient Exports to China The year 2020 has been a turbulent year for the entire world and Thailand has not been spared the wrath of the economic malaise that the pandemic has brought. Amid all the negative news there seems to be…
Thailand’s economy shrank by 6.1 pct in 2020 BANGKOK, Feb 15 – Thailand’s economy shrank by 6.1 per cent in 2020, its biggest fall since the 1998 Asian financial crisis. In a statement, the Office of the National Economic and Social Development Council (NESDC) said the country’s economy declined by 4.2 per cent year-on-year in the fourth…
GDP Growth in Q4 2020 declined by 4.2 per cent; -6.1 per cent for the year Thailand’s economy in the fourth quarter of 2020 contracted 4.2 per cent, contributing to an abysmal 2020 with the economy shrinking 6.1 per cent for the entire year, the National Economic and Social Development Council (NESDC) said on Monday.…
Domestic air passenger numbers double those of January Passenger numbers on domestic flights within Thailand have doubled within a month, rising from 4,000 in January to over 10,000 this month. Having nearly recovered to pre-pandemic levels, domestic travel plummeted once more when Covid-19 resurfaced late last year. Apirat Chaiwongnoi from the Department of Airports says…
Economy will grow 1.5-3.5% this year: JSCCID The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year. By THE NATIONThe Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this…
Thai central bank leaves rate at record low, warns of economic risks Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, February 3, preserving its limited policy ammunition, but warned of risks as the country deals with a fresh wave of coronavirus infections. Southeast Asia’s second largest economy continues to recover…
Thai Economy Struggles Amid COVID Second Wave BANGKOK – Thailand had hoped the new year would bring relief to its battered economy. But a second wave of the coronavirus has sunk the kingdom deeper into trouble, leaving streets scarred with abandoned businesses and millions scrambling for an income. The kingdom, one of Asia’s most unequal…
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…
Thailand’s rich not eligible for 3,500 baht government handout Thailand’s Finance Ministry has confirmed that wealthy citizens are not eligible for the government’s monthly cash handout of 3,500 baht. The Rao Chana (“We Win”) scheme consists of 2 monthly payments of 3,500 baht for those struggling with the financial fallout of the Covid-19 pandemic. Those with savings above a…