Jabs, rising exports may boost GDP

Jabs, rising exports may boost GDP

Jabs, rising exports may boost GDP A new state-private vaccination plan and good export prospects may help Thailand secure 1.5-3% GDP growth this year despite economic uncertainties caused by the third wave of Covid-19, says the Thai Chamber of Commerce. Sanan Angubolkul, the chamber chairman, remains optimistic about the Thai economy, believing business activities in…

Private sector lowers economic forecast amid Covid surge

Private sector lowers economic forecast amid Covid surge

Private sector lowers economic forecast amid Covid surge The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate. The JSCCIB’s outlook was lower than the previous one in March of…

Banks to control asset quality

Banks to control asset quality The Thai banking industry is expected to remain cautious in controlling asset quality amid economic turbulence brought about by the Covid-19 pandemic. Pasakorn Wangvivatcharoen, research manager at Asia Plus Securities, said local banks showed signs of improving fee-based income from securities and asset management business. “Despite setting aside a massive…

Lessons from the 1997 economic crisis

Lessons from the 1997 economic crisis

Lessons from the 1997 economic crisis Today is April Fools’ day. But there is no fooling about the threat of liquidity crisis. I am sure that many readers are sceptical about the possibility of a liquidity crunch in this country. First, the government debt to GDP ratio is less than 60% which is not high…

Chatuchak Market to open weekdays

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…

World Bank: Untapped opportunity for Malaysia to reap environmental, economic benefits

World Bank: Untapped opportunity for Malaysia to reap environmental, economic benefits

World Bank: Untapped opportunity for Malaysia to reap environmental, economic benefits KUALA LUMPUR, March 23 — A series of World Bank Group studies show that there are untapped opportunities for Malaysia, the Philippines and Thailand to reap environmental and economic benefits with clear and complementary interventions from the private and public sectors. Country director for Brunei, Malaysia, Philippines…