Thailand’s economy in 2020 will face its longest period of contraction since the Asian financial crisis of 1997-98. The economy shrank by 1.8% year-on-year in the first quarter, from growth of 1.5% a year earlier, as weak exports, public consumption and investment dragged on headline growth. Consecutive quarter-on-quarter GDP declines — 2.2% in the first […]
Read MoreThe economy could take at least two years to return to pre-coronavirus growth levels and this year’s nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai. GDP is expected to shrink by 13% year-on-year in the April-to-June quarter, widening drastically from a 1.8% contraction in the first […]
Read MoreThailand may lose up to 14.4 million jobs in the second and third quarters, largely because of the coronavirus outbreak and widespread drought, says the government’s planning unit. Of the total, some 8.4 million workers are estimated to be at risk of job loss, 2.5 million of whom are in the tourism sector (excluding retail […]
Read MoreA committee evaluating the easing of lockdown measures has proposed extending the opening hours of shopping malls and shortening the curfew period next month, according to a source at Wednesday’s National Security Council (NSC) meeting. The next stage of the loosening of the coronavirus lockdown could happen if the kingdom continues to record low numbers […]
Read MoreECONOMIC activity has begun to recover in Vietnam, Malaysia, and Thailand as Covid-19 lockdowns are lifted, said Maybank Kim Eng economists in a May 27 report. Vietnam was the first Asean country to start unwinding lockdown measures on April 23, followed by Thailand and Malaysia in early May. The Philippines began loosening measures on May […]
Read MoreNew business registrations fell again in April, with the figures down 33% year-on-year from the same month last year after a 12% drop in March. The Business Development Department reported yesterday business registrations totalled 3,996 last month, down from 5,944 in March. On a monthly basis, registrations fell 34% from 6,066 in March. The amount […]
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Thailand
