Air travel is estimated to drop by 38% in 2021

Air travel is estimated to drop by 38% in 2021 BANGKOK (NNT) – Aeronautical Radio of Thailand (Aerothai) has lowered its estimates of total domestic and international air travel in 2021 to 323,093 flights, a 38% reduction from its 518,790 flights estimate at the start of the year. Aerothai vice-president Thinnakorn Chuwong said the rising…

Thai baht lowest since January

Thailand Consumer Confidence Index hits record low

Thailand Consumer Confidence Index hits record low The University of the Thai Chamber of Commerce has reported that the Consumer Confidence Index has hit another new record low of 46.0 in April. The Covid-19 global pandemic has had a devastating effect on the economy and consumer confidence has fallen frequently to the lowest points that…

Thai second-quarter GDP to post record contraction, slow recovery seen: Reuters poll

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Finance Ministry Reduces 2021 Growth Forecast to 2.3% Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago. BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast…