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Thailand: Confidence rises for third straight month

Business sentiment rose for the third straight month in August, the highest in 12 months, boosted by the relaxation of coronavirus lockdown measures, higher farm product prices, and a recovery of sales for pickups, electrical appliances and agricultural machines. The University of the Thai Chamber of Commerce (UTCC) said yesterday business confidence rose to 32.6 […]

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Thailand: Reopening to foreigners ‘not risky’

Reopening the country to foreign visitors will not raise the risks of local Covid-19 transmission from imported infections, according to the Department of Disease Control (DDC). Responding to the cabinet’s resolution to allow long-stay foreign tourists to enter Thailand, Tanarak Plipat, deputy director-general of the DDC, insisted the move would likely not bring in Covid-19 […]

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Thailand: B2tn in SME loans risk turning sour

Loans worth 2 trillion baht owed by 1.1 million SMEs that entered the debt moratorium programme could turn into bad debts after the programme’s expiry at the end of September, says Thai Credit Guarantee Corporation (TCG). Many loans owed by small and medium-sized enterprises could turn into non-performing loans (NPLs), while creditors may pursue litigation […]

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