Domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year, says the Fiscal Policy Office (FPO). Other factors influencing the economic growth assessment are the impact of the drought on agriculture and the efficacy of the government’s financial relief measures to sustain […]
Read MoreThe government has cut off 45 low-priced Blue Flag stores from its financial relief schemes after they were found to breach the conditions. Supapat Ongsangkoon, deputy permanent commerce secretary, said on Wednesday following investigations by the Commerce Ministry the 45 shops were found to have taken advantage of the government-sponsored schemes by unfairly raising the prices […]
Read MoreSeven airlines in Thailand have formed an association to deal with the pandemic and pave the way for vaccine passport cooperation. Bangkok Airways president Puttipong Prasarttong-Osoth said the Airlines Association of Thailand (AAT) has set a long-term goal of elevating the aviation industry in Thailand. However, the short-term priority is the soft loan request the […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters tallied US$62.3 billion in 2020, down 10.5% from a year before, mainly attributed to the pandemic. Of the total, the use of FTA privileges contributed $58.1 billion, down 11.4% year-on-year, while shipments under the GSP stood at […]
Read MoreThe Bank of Thailand (BOT) expects non-performing loans (NPLs) to rise this year amid the lingering Covid-19 impact on businesses. BOT senior director Suwannee Jatsadasak said commercial banks’ accumulated NPLs last year stood at Bt523.3 billion, or 3.12 per cent of total loans – up from 2.98 per cent in the previous year. “Most of […]
Read MoreExports rose for a second straight month in January, albeit at a slow pace, edging up by 0.35% from the same month of last year after a 4.71% year-on-year surge in December 2020. The Commerce Ministry reported that customs-cleared exports fetched US$19.7 billion in the first month of this year, with imports declining 5.24% to $19.91 […]
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Thailand
