Cross-border trade rose by 26.7% in the first four months, increasing the government’s confidence such trade will grow by 3-6% this year after declining 1.7% in 2020. Commerce Minister Jurin Laksanawisit revealed on Tuesday the country’s overall cross-border trade, including transit trade, tallied 526 billion baht between January and April, 295 billion of which belonged […]
Read MoreHelped by an export boom in April, the shippers’ council feels upbeat that the country’s exports could rise by 10%-15% this year. Chaichan Chareonsuk, president of the Thai National Shippers’ Council (TNSC), said export prospects have improved thanks to the global economic recovery, economic growth in major trading partners and healthy export demand for industrial […]
Read MoreSiam Commercial Bank’s Economic Intelligence Center (EIC) has revised its growth forecast for the Thai economy this year down to 1.9% from 2.0%. The move takes into consideration its downward revision of tourist arrivals and the impact of a longer than expected domestic Covid-19 outbreak, as well as support from robust exports and government measures. […]
Read MoreWhile local residents are feeling anxious over long-awaited vaccinations that the government has promised to roll out from next week, contrasting scenes have been seen in recent weeks as wealthy people have chosen not to wait but fly across the world to the US to get Covid-19 vaccines. Last week, a controversial debate sprang up […]
Read MoreThe Bank of Thailand has implemented a new auto loan debt mediation programme, aiming to help 100,000 borrowers ease their debt burden during the pandemic. The central bank and auto loan creditors plan to offer the scheme until July 31. Many auto loan borrowers are struggling with debt repayment because of the ongoing pandemic. The scheme […]
Read MoreIT spending in Thailand is expected to surge by 4.9% this year, buoyed by a jump in outlays on enterprise software and devices to support remote work, according to global research firm Gartner. Of the total IT spend, enterprise software is forecast to see the strongest growth of 13.2%, followed by devices with growth of […]
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Thailand
