Economic indicators showed the Thai economy slowed in May from the previous month, after the third wave of Covid-19 emerged in April. However, the economy continued to grow from the same period last year, driven by exports, the Finance Ministry’s Fiscal Policy Office (FPO) reported. Private consumption in May expanded from the same period last […]
Read MoreThe adoption of Bitcoin and other cryptocurrencies as a payment method for goods and services is gradually gaining traction among real-world entrepreneurs despite the inherent price volatility, including a recent dip. Bitcoin plunged to about half its peak value of over 2 million baht in mid-April. Thailand is experiencing a transition as businesses seek to […]
Read MoreThailand’s manufacturing production index (MPI) in May rose for a third straight month, climbing 25.84% from a year earlier, lifted by higher production of automobiles, air conditioners and electronics, the Industry Ministry said on Monday. The reading, still coming off a low base last year, compared with a forecast for a rise of 19.55% in […]
Read MoreThe government’s recent announcement of an ambitious plan to reopen the country by mid-October and curb household debt amid a battered economy has drawn mixed views from the business world, given the challenges ahead. RISK OR RELIEF? The plan to reopen Thailand holds the promise of more bustling economic activity, but it carries a fear […]
Read MoreThailand’s economy is expected to return to pre-pandemic levels in the first quarter of 2023, the central bank said on Monday, as tourism has been slow to recover. The Bank of Thailand will closely monitor the situation and is ready to implement measures as necessary, deputy governor Mathee Supapongse told a seminar on tourism. Source: https://www.bangkokpost.com/business/2139747/economy-seen-back-to-pre-pandemic-levels-in-q1-2023
Read MoreThe private sector is calling on the government to roll out relief measures to lessen the impact of the latest Covid-19 control measures which come into effect today, including a ban on dining-in at restaurants across high-risk areas. Published on the Royal Gazette‘s website late on Saturday night, the restrictions apply to Bangkok, Nakhon Pathom, Nonthaburi, Samut […]
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