BANGKOK (BLOOMBERG) – Many small and medium-sized enterprises (SMEs), the backbone of Thailand’s economy, are struggling with crushing debt loads that could force them out of business as the latest wave of Covid-19 infections dims the prospects for an economic recovery. “This round is much worse than last year, and millions of operators are suffering,” said Mr […]
Read MoreSmall and medium-sized enterprises (SMEs) contribution to the gross domestic product (GDP) is expected to drop in the second quarter because of the harsh impact of new infections, which began in April. Veerapong Malai, director-general of the Office of Small and Medium Enterprises Promotion (Osmep) said the agency has forecast the contribution of SMEs towards […]
Read MoreThai exports via a new online channel totalled 10.152 billion baht in the first half of 2021, the Department of International Trade Promotion reported on Monday. The online export platform www.thaifex-vts.com was used at the THAIFEX Virtual Trade Show on May 25 and will operate until October 3 this year. The platform took orders worth US$2.845 million […]
Read MoreThe government has agreed to allow some workers to move out of their sealed accommodation to resume work on essential and emergency cases, a source said on Sunday. The easing of the rule, which was put in place to curb the spread of Covid-19 in the capital and its surrounding provinces, was proposed by the […]
Read MoreThailand is working to reopen to foreign tourists following a commitment from the prime minister to lift most restrictions by mid-October, with the aim of putting the economy back on track. Hospitality businesses are pinning their hopes on the Phuket sandbox model starting on July 1 to accelerate the tourism recovery and save the industry […]
Read MoreAs both new daily infections and deaths caused by Covid-19 continue to set records, concerns regarding the administration’s ability to govern the country have almost reached a critical point. The third outbreak, the largest since the pandemic emerged early last year, is undermining the public health system and slowing economic recovery. As doubts over the […]
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Thailand
