COVID-19 vaccine distribution in Thailand to save life, revive economy BANGKOK, Feb 23 — The Center for COVID-19 Situation Administration (CCSA) has planned the distribution of the first lot of COVID-19 vaccine to contain the disease, save life and revive the national economy, Thai news agency (TNA) reported. CCSA spokesman Dr Taweesilp Visanuyothin said vaccine would be…
Domestic car sales slump Domestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with…
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…
Fitch sees ‘very dim’ path for GDP growth Despite several fundamental buffers to cushion against the crisis, Thailand’s near-term growth prospects are “very dimmed” due to substantial losses stemming from the absence of foreign tourist arrivals, said Fitch Ratings. “It is one of the economies that is most reliant on tourism flows. [Thailand] has been…
Thai Exports to grow 4% in 2021 Contributing factors include the recovering world economy and the International Monetary Fund’s (IMF) estimate that the world economy will expand 5.2 percent in 2021 from a contraction of 4.4% this year. BANGKOK (NNT) – The Department of International Trade Promotion (DITP) forecasts that exports in 2021 will gradually return…
Thai economy set to lose $10 billion as Covid returns Consumer confidence has slumped with the return of the virus sparking fears for Thailand’s economy and jobs situation – meanwhile the Thai stock exchange has revealed plans to add $16 billion in market capitalisation in 2021 Thailand’s economy could lose as much as 300 billion…
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…
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…
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…