Economy to lose billions of baht from Covid-19 lockdown – Kasikorn Research Centre The economy will lose billions of baht following the Covid-19 outbreak in Samut Sakhon, just southwest of Bangkok, according to Kasikorn Research Centre. Shutting down the seafood industry in the province, calling off New Year parties in Bangkok and trips being cancelled…
Fund Inflows to Propel Thai Stocks Already at Record Valuations (Bloomberg) — Thai stocks, already trading at record-high valuations, are poised for further gains as foreign funds invest on optimism Covid-19 vaccines will help the tourist-dependent economy recover, according to Thailand’s biggest private money management firm. The SET Index could rise by as much as…
Bangkok’s commercial property market struggles through 2020 This year Thailand’s developers had to work around the effects of government lockdowns and restrictions because of the Covid-19 pandemic. Indeed significant changes have occurred to the commercial property market in Thailand. CBRE Research reports that the Bangkok office market suffered a significant change in the net up-take,…
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…
COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report. Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report…
Thai economy to grow 3.8% in 2021 says EIC The Economic Intelligence Center (EIC) of Siam Commercial Bank (SCB) has forecast that the Thai economy will grow 3.8 percent next year. BANGKOK (NNT) – With the government’s stimulus measures being the main driver of economic recovery, the Economic Intelligence Center (EIC) of Siam Commercial Bank…
Air Asia to focus on ASEAN expansion, as CEO expresses cautious optimism for 2021 Air Asia’s chief executive, Tony Fernandes, says the low-cost carrier is planning to expand its presence in Southeast Asia and is in talks to form 3 new airlines. He points out that people still want to travel, and that demand makes…
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…
Thailand’s exports shrink 7.26 pct for Jan-Oct period BANGKOK, Nov 23 — Thailand’s exports contracted 7.26 per cent to US$192.37 billion (US$1=RM4.08) while imports dropped 14.61 per cent to US$169.70 billion in the first 10 months of this year, resulting in a trade surplus of US$22.67 billion. In a statement, the Commerce Ministry’s trade policy and strategy…
Modest rebound ahead, with 3.9% growth in 2021 Thai economy showing faint signs of life but revival of tourism will remain the key. Thailand’s economy is set for a modest recovery over the coming years from its recession in 2020. The economy has struggled amid the Covid-19 pandemic as its high reliance on external demand…