The number of retail cryptocurrency traders in Thailand continues to skyrocket with 24,000 new accounts created in one week in April following the Securities and Exchange Commission’s (SEC) approval for Bitkub to resume accepting new accounts. The number of people who participated in the SEC’s Crypto 101 Fundamentals course via the regulator’s Facebook fanpage, of […]
Read MoreThe Thai economy is expected to grow 2.6% this year as the third wave of Covid is unlikely to affect the Stock Exchange of Thailand (SET) Index as much as the previous waves, says Asia Plus Securities (ASPS). Investors are recommended to increase investments in the electric vehicle (EV) and clean energy industry which has […]
Read MoreTen SET-listed commercial banks restrained their non-performing loan (NPL) ratio in the first quarter of 2021 as they set aside a relatively high provision for loan loss amid uncertainty brought about by the pandemic. Among the big players, Bangkok Bank (BBL) and Krungthai Bank (KTB) reported their NPL ratio marginally dropped to 3.7% and 3.66% […]
Read MoreCommerce Minister Jurin Laksanawisit expects 8% growth of exports in March, driven partly by a squad of national and provincial “salesmen” who are helping arrange online business matching between Thai exporters and foreign buyers to boost trade. The forecast, which followed the latest assessment of export markets by the Commerce Ministry and key business groups, […]
Read MoreThe Association of Thai Travel Agents (Atta) is banking on the country to reopen by the fourth quarter as the tourism industry faces another setback following a new wave of infections, which has dampened the outlook for Phuket’s sandbox model due to start in July. Sisdivachr Cheewarattanaporn, newly-elected Atta president, said the reopening plan in […]
Read More[BANGKOK] Thailand’s economy could lose US$3.19 billion a month, mainly in the service sector, a university said on Thursday, as the tourism-reliant nation deals with a third Covid-19 wave and a highly contagious variant. The new outbreak, which has seen over 18,000 cases in just 22 days, might reduce the number of workers by 149,000 […]
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