The worsening pandemic situation and plunge in advertising budgets are expected to drive down media spending this year with a 4% year-on-year contraction to 72.1 billion baht — a critical situation for the industry, according to Media Intelligence (MI), a creative and media planning agency. “The government’s tough measure to curb Covid-19 infections and a […]
Read MoreThe cabinet on Tuesday cut the spending budget for the “Ying Chai Ying Dai” (the more you spend, the more you get) e-voucher cashback scheme to 9.8 billion baht from 28 billion baht because of fewer-than-expected participants. Meanwhile, the cabinet also raised the budget to support the relief packages for people and businesses affected by […]
Read MoreProspects for Thailand’s packaging exports are promising, driven by the growing e-commerce market and rising demand for consumer goods and health products — especially recycled, environmentally friendly and health-conscious packaging — amid Covid-19. Phusit Ratanakul Sereroengrit, director-general of Trade Policy and Strategy Office (TPSO) under the Commerce Ministry, said a study by his office noticed […]
Read MoreThe baht opened at 32.81 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.75. The Thai currency is likely to move between 32.75 and 32.90 on Wednesday and between 32.60 and 33 this week, Krungthai Bank market strategist Poon Panichpibool said. He explained that the weakening of the baht would spur […]
Read MoreThai gold prices hit a three-month high at 28,200 baht per one-baht weight on Tuesday, spurred by the depreciating baht which hit a 13-month low and the continued decline of Thai shares amid rising Covid infections. Meanwhile, cryptocurrencies led by Bitcoin slid to below a million baht for the first time in nearly two months. […]
Read MoreThailand’s GDP growth may be in a negative territory this year as the intense lockdown measures and the prospect of a protracted pandemic continue to crush the economy, according to Asia Plus Securities (ASPS). The imminent lockdown measures are expected to be as strict as those employed during the second quarter of 2020, pressuring the […]
Read More
Thailand
