It could take another five years before tourism revives fully in Thailand — an ominous sign for one of the most tourism-dependent economies in the world. The sector, which contributed about one-fifth of the economy before the pandemic, isn’t expected to return to normal until 2026, the National Economic and Social Development Council said Monday, […]
Read MoreNew computer models are seeing an uptick in price following the global shortage of semiconductors and a surge in demand for IT devices used for remote work and study, according to IT device distributors. Somsak Pejthaveeporndej, chief executive of VST ECS Thailand, said the world faces a shortage of components such as integrated circuits used […]
Read MoreThai exports are maintaining healthy growth momentum and likely increased by more than 10% in April, says Commerce Minister Jurin Laksanawisit. Mr Jurin revealed on Friday the country’s exports have passed the low point, with outbound shipments increasing by more than 10% in April from US$18.9 billion (593 billion baht) fetched the same month last […]
Read MoreKasikornbank (KBank) forecasts the baht will weaken further against the US dollar by June this year because of dividend repatriation by foreign investors and the country’s lower current account surplus. For May 17-21, dividend payments of SET-listed companies are expected to exceed 18.7 billion baht, while the following week the amount is estimated at 6.53 […]
Read MoreThe number of startup funding deals plunged to 30 in 2020, down from 41 the year before, due to the pandemic as investment focused more on companies in the growth stage, according to tech media Techsauce. However, the total investment in local startups surged to US$364 million (11.4 billion baht) last year, up from $109 […]
Read MoreThailand’s economic recovery is set to be delayed by the surge in Covid-19 cases and renewed lockdown measures in April and May. The economy has been gradually recovering from the pandemic shock in the first half of 2020, on the back of fiscal stimulus and a relaxing of domestic mobility restrictions, growing 0.2% quarter-on-quarter in […]
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