Thailand’s economy is likely to contract by as much as 11.4% this year, its worst showing, attributed largely to the pandemic impact, volatile foreign exchange, widespread drought and the continued US-China trade spat. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said the forecast was based on the country being closed […]
Read MoreThe Tourism and Sports Ministry is encouraging hotels in Thailand to offer fair packages to expatriates, avoiding price discrimination as the country aims to attract 2 million foreign residents to travel more domestically. Phiphat Ratchakitprakarn, the tourism and sports minister, said the ministry urged expatriate associations to travel domestically instead of going abroad, as they […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has expressed fresh concern over the delay in disbursement of the 400-billion-baht stimulus package as the government has yet to announce new economic ministers to fill the political vacuum. The political conflict, which earlier caused key ministers overseeing the national economy to resign, is among […]
Read MoreAlthough the pandemic seems to be easing in our country, it doesn’t necessarily mean we’re free from uncertainty and future disruptions. Many organisations today are still struggling to survive challenges that range from economic disruption to swift changes of consumer behaviour. There is no formula for overcoming this crisis, nor is there a secret recipe […]
Read MoreThai exporters are being warned to brave the China-India conflict and the tech war between the US and China on top of the existing serious impact from the coronavirus crisis. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said the business sector is fretting […]
Read MoreThailand’s second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand. The anticipated decline would mark the lowest year-on-year growth figure since a 12.5% contraction in the second quarter of 1998 in the wake of the 1997 Asian financial crisis, […]
Read More
Thailand
