Thailand-China sign deal promoting Thai fruit export Bangkok – With seasonal fruit about to hit the market, including durian, rambutan, and mangosteen, the Thai-Chinese Chamber of Commerce has singed an agreement with CCIC Thailand to provide better traceability service for Thai fruit exported to China, following a new traceability requirement for all imported farm products into China.…
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…
Thai SEC schedules hearings to address crypto investor qualifications The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public…
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…
Thai economy faces 10% permanent loss if Covid recovery delayed: S&P Global Ratings Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked…
TRIS Rating maps out rocky path to Thai economic recovery Thai businesses were coping with the sharp declines in revenue by aggressively cutting costs, stockpiling cash, and delaying capital expenditures in anticipation of a tough time ahead, according to TRIS Rating on Thursday.For its latest economic outlook, the credit-ratings agency assessed three key aspects governing…
Mercedes-Benz: Luxury cars to help drive economy Mercedes-Benz (Thailand) sees positive signs in Thai and global luxury car markets, with sales surging in its two models in Thailand, helping the German automaker cushion an overall sales drop in the domestic market during the pandemic-hit year of 2020. From January to December last year, Mercedes Benz…
Impacts of global economy and COVID-19 on Thailand BANGKOK (NNT) – During a censure debate, targeting the Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, the opposition Pheu Thai Party MP for Maha Sarakham, Suthin Khlangsaeng, said that the country’s high public debt is attributable to the government’s failure to address economic problems. However, several…
Promising Growth for 2021 – A look into the Chinese Economy and Thailand’s Resilient Exports to China The year 2020 has been a turbulent year for the entire world and Thailand has not been spared the wrath of the economic malaise that the pandemic has brought. Amid all the negative news there seems to be…
Thailand’s economy shrank by 6.1 pct in 2020 BANGKOK, Feb 15 – Thailand’s economy shrank by 6.1 per cent in 2020, its biggest fall since the 1998 Asian financial crisis. In a statement, the Office of the National Economic and Social Development Council (NESDC) said the country’s economy declined by 4.2 per cent year-on-year in the fourth…