Border trade activity down 9.7% in first 5 months

Border trade activity down 9.7% in first 5 months Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled…

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on…

Thai economy to return to normal in three years

Thai economy to return to normal in three years

Thai economy to return to normal in three years The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019. Bangkok (VNA) – The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to…

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity. Hanoi (VNA) – Thailand’s economy contracted 1.8 percent in the January-March period from a…

New land tax forces land owners to evaluate their options

JSCCIB expects Thai economy to contract by 3-5% this year

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…

Covid-19, poverty, social protection and the Thai economy

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…

March inflation hits 51-month low at -0.54 percent

March inflation hits 51-month low at -0.54 percent

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…

NESDB projects 1.5-2.5 percent growth in 2020

NESDB projects 1.5-2.5 percent growth in 2020

NESDB projects 1.5-2.5 percent growth in 2020 With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent. This year, the country’s economy is facing another big concern from the COVID-19 virus situation. With help from the government’s economic…