June exports were down 23.17% year on year, the lowest since July 2009, but the Commerce Ministry expects the situation to improve later this year. Pimchanok Vonkorporn, director-general of trade policy and strategy, said on Friday that June exports were worth US$16.4 billion and imports came in at $14.8 billion, down 18.1%. In the first […]
Read MoreThe Bank of Thailand affirms that it has not manipulated the baht through foreign exchange intervention to gain a trade advantage. Thailand’s central bank continues to inform and talk with the US Treasury Department about global capital movement and Thailand’s current account surplus, said Chantavarn Sucharitakul, assistant governor for the communications and corporate relations group. […]
Read MoreThe prolonged Covid-19 pandemic will likely leave up to 8 million people unemployed by the end of this year, says the Federation of Thai Industries. The economy in the second half of 2020 will not fully recover because the stimulus packages will take time to boost the economy, the FTI said on Thursday. FTI chairman […]
Read MoreDuty-free retail giant King Power expects sales to plummet by 50% this year to about 90 billion baht, largely because of the impact of the Covid-19 pandemic. Aiyawatt Srivaddhanaprabha, the group’s chief executive, said that while the company has shifted to selling duty-free products online after all shops were closed from March 22 to May […]
Read MoreApple says it plans to launch its retail store at CentralWorld soon, marking the second official shop of the American tech giant in Thailand. An industry source who requested anonymity says the company scheduled the launch for July 31. Apple’s Thai website shows the company’s logo with colourful Thai letters inside, reading Krung Thep (Bangkok). […]
Read MoreThe price index for condos in Greater Bangkok in the second quarter plunged for a second consecutive quarter as developers competed by offering massive discounts, says the Real Estate Information Center (REIC). Vichai Viratkapan, the centre’s acting director-general, said developers cut sales prices of condos to attract buyers, with purchasing power weakened by the outbreak. […]
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