The Bank of Thailand is poised to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. Although the central bank’s Monetary Policy Committee (MPC) assesses that the impact of the recent outbreak on Thailand’s economy would be less severe than last year […]
Read MoreLandowners in prime Sukhumvit areas are offering land prices 30% lower than previous years as condo developers delay purchases, according to property consultant CBRE Thailand. Kulwadee Sawangsri, executive director and head of capital markets for investment at CBRE, said the pandemic affected land transactions and prices last year. “The pandemic acted as an accelerant,” Mrs […]
Read MoreExports, a key driver of the country’s economic growth, could fare better than 3-4% growth this year if the government provides more support, particularly in handling the persistent baht rise and the container shortage, says the Thai National Shippers’ Council (TNSC). According to Ghanyapad Tantipipatpong, the TNSC’s chairwoman, the government through the Bank of Thailand […]
Read MoreTravel and hospitality redesigns, live commerce, cloud gaming, hygienic food delivery as well as fitness and well-being are among major trends gathering pace in Thailand, says Wunderman Thompson, a global marketing communications agency. “The pandemic has been shaping consumer behaviour and the impact will continue to evolve in many sectors so marketers and brands will need […]
Read MoreThe Finance Ministry is preparing to amend the soft loan decree to allow greater low-interest loan access for small and medium-sized enterprises (SMEs). The ministry and the Bank of Thailand have agreed in principle to amend the decree, but a proposal has to be submitted to the parliament’s commission committee before any amendment can be […]
Read MoreFuel consumption in Thailand contracted by 12.5% last year because of strict state measures to prevent the spread of Covid-19, including a lockdown order, according to the Department of Energy Business (DOEB). The government did not enforce a nationwide lockdown for the fresh outbreak starting last December, but a new round of travel restrictions affected […]
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Thailand
