Government Savings Bank (GSB) plans to launch a soft loan package worth 5 billion baht next month to help the unemployed, aiming to create 100,000 jobs, says president and chief executive Vitai Ratanakorn. Loan targets include people laid off after companies or factories shuttered as a result of the prolonged pandemic. The bank plans to […]
Read MoreThe Indonesian and Malaysian markets are being excluded from the approval list to visit the Phuket sandbox, though there is demand to visit Thailand in those countries, says the Tourism Authority of Thailand (TAT). Sophon Tantayotai, director of the TAT’s Jakarta office, said Indonesian tourists can take overseas trips and travel sentiment on social media […]
Read MorePrime Minister Prayut Chan-o-cha’s vow on June 16 to reopen Thailand by mid-October can be deemed a failure as only a few islands are welcoming vaccinated foreigners. Five major tourist destinations — Chiang Mai, Chon Buri, Hua Hin, Phetchaburi and Bangkok — were scheduled to reopen on Oct 1, but a Centre for Covid-19 Situation […]
Read MoreThe baht opened at 33.41 to the US dollar on Monday, weakening from the previous closing rate of 33.24. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.20 and 33.60, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht in the short term would weaken […]
Read MoreExports rose a smaller-than-expected 8.93% in August from a year earlier, Commerce Ministry data showed on Friday. That compares with a forecast rise of 13.5% in August in a Reuters poll and follows July’s 20.27% increase. Earlier this week, Commerce Minister Jurin Laksanawisit said coronavirus restrictions had affected manufacturing and logistics. Source: https://www.bangkokpost.com/business/2187099/august-exports-up-8-9-y-y-below-forecast
Read MoreDespite the economic slowdown, digital media spending is expected to surge 11% this year to 23.3 billion baht, with e-commerce platforms at the forefront of the outlay, according to GroupM, a media investment firm. “Although the pandemic caused budget constraints, brands continue to spend on digital media to boost their sales opportunities,” Siwat Chawareewong, chief […]
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