The modern trade sentiment was far from showing any signs of recovery in the first quarter after it plunged to the lowest rate in three quarters as a result of weakened purchasing power amid the Covid-19 crisis. Surong Bulkul, vice-chairman of the Thai Chamber of Commerce said the third wave of the pandemic is expected […]
Read MoreAverage fuel consumption contracted by 7.7% to 138.9 million litres per day in the first quarter due mainly to the recurrence of Covid-19, says the Department of Energy Business (DOEB). Consumption stood at 150.6 million litres per day during the same period last year. Demand for almost all types of petroleum products, including benzine and […]
Read MoreThe hotel sector is urging the government to extend domestic stimulus programmes to cover the high season in the final quarter, after those projects were interrupted by the third outbreak. The cabinet on Wednesday announced that two tourism stimulus packages, “We Travel Together” — a subsidy on hotels and airfares — and “Tour Teaw Thai” […]
Read MoreThe Bank of Thailand (BoT) slashed Thailand’s economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines. The central bank’s previous estimate of growth of gross domestic product (GDP) was 3% but it now includes three scenarios including the base, […]
Read MoreThe Thai durian is still a market leader in China thanks to the free trade agreement (FTA) between the two countries, the Department of Trade Negotiations (DTN) said on Wednesday. Auramon Supthaweethum, DTN director-general, said the export of Thailand’s “king of fruits” in the first quarter of this year to China was worth US$186 million […]
Read MoreThe baht opened at 31.13 to the US dollar on Thursday, weakening from its previous close of 31.11 on Wednesday. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht tends to fluctuate according to the Covid-19 situation in the […]
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Thailand
