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Thailand posts highest economic growth in a year

Thailand’s economic growth recorded the fastest pace in over a year, expanding by 4.5% year-on-year in the third quarter of 2022, thanks to tourism rebound, according to data from the National Economic and Social Development Council (NESDC). Bangkok (VNA) – Thailand’s economic growth recorded the fastest pace in over a year, expanding by 4.5% year-on-year in the third quarter […]

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Thailand: Kingdom to sign carbon transfer deal

Thailand recently announced it will participate in the Internationally Transferred Mitigation Outcomes (ITMO), a legal agreement between any two countries to market greenhouse gas (GHG) mitigation outcomes. Speaking at the 27th Conference of the Parties (COP27) in Sharm el-Sheikh, Egypt, Varawut Silpa-archa, the Natural Resources and Environment Minister who led Thai delegates to join the event, conveyed […]

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Thailand: Banks report dip in NPL ratios

Banks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes. The commercial banking sector reported an NPL ratio of 2.77%, representing a total of 503 billion baht in the third quarter, down from 2.88% and 530 billion, respectively, in […]

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Thailand: New Covid travel fears

Tourism operators are closely monitoring Covid flare-ups in many countries as the situation may interrupt travel sentiment during the upcoming high season. Asian countries are facing a surge in several Covid-19 sub-variants, including the new XBC variant in the Philippines and the XBB variant in Singapore, though the latter has recently slowed its spread. Most infections […]

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