Non-performing loans (NPLs) of small and medium-sized enterprises (SMEs) next year are expected to rise to 10% from 6% at present if relief measures by financial institutions are not extended from the end of this year, says Export-Import (Exim) Bank of Thailand president Rak Vorrakitpokatorn. The expirations could adversely affect SMEs still struggling with the […]
Read MoreCredit cards and personal loans top the many types of debt burdening Thai people since their daily life became affected by the Covid-19 pandemic, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted online between Nov 22-25 on 1,059 people throughout the country who have been in […]
Read MoreThe government is inching towards the introduction of an excise tax on salty, processed foods, says Finance Minister Arkhom Termpittayapaisith. While declining to specify the date of tax enforcement and tax rates, he said Thais consume more than 3,600 milligrammes of sodium per person daily, higher than the World Health Organization’s recommendation of no more […]
Read MoreThe ongoing pandemic is still driving demand for computers to support people working and studying from home while the recent weakening of the baht and supply shortage have pushed up the average price of computers by at least 10%, according to IT vendors. They shared their views on the first day of IT fair Commart […]
Read MoreA new fee to be imposed on international tourists should be postponed until the travel industry fully recovers, as the country faces headwinds during this high season, according to the Association of Thai Travel Agents (Atta). Atta president Sisdivachr Cheewarattanaporn said that since Thailand’s reopening on Nov 1, there had been 3,000-4,000 international tourists per […]
Read MoreThe baht opened at 33.43 to the US dollar on Friday, weakening from Thursday’s closing rate of 33.36. The Thai currency is likely to move between 33.35 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is weakening after the foreign investors had sold […]
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Thailand
