Thailand’s manufacturing production index (MPI) in April stood at 79.04, the lowest level since November 2011. The drop came mainly from the lockdown and curfew, the drought, private sector wariness of the Covid-19 pandemic continuing and weak confidence in the economy. Ittichai Yotsri, deputy director-general of the Office of Industrial Economics (OIE), said the global and […]
Read MoreThe latest downgrade of debentures issued by Thai Airways International Plc (THAI) does not affect its current liabilities, but a close watch is warranted for creditors deciding on the business rehabilitation petition, say analysts. Tris Rating has downgraded the company’s rating and the ratings on senior unsecured debentures of financially beleaguered THAI to default following […]
Read MoreWith its “fortune hanging in the balance”, the chief of Thai AirAsia (TAA) says it may merge with another low-cost carrier (LCC) to clamp down on pricing wars once flights eventually resume in the country. If Thailand does not resume tourism activities by July, TAA’s chairman said next year the company would begin laying off […]
Read MoreThe government has set July 1 for the lift of all business and activity lockdowns ordered earlier to cope with the coronavirus disease 2019 (Covid-19), said the National Security Council chief. These include interprovincial and international travel, as well as the end of emergency decree and curfew. NSC secretary-general Gen Somsak Rungsita said on Thursday […]
Read MoreAfter the lockdown eased, the three most popular activities for Thais were to have their hair cut, travel and eat out, says Ipsos, a global market research firm. Around 1,000 Thais aged 18-74 participated in Ipsos’s online survey, which was conducted from May 14-18. The most popular activity after the lockdown was having a haircut, […]
Read MoreTen SET-listed banks delivered loan growth during the first four months of the year, thanks to brisk wholesale lending and an additional credit line provided under the debt relief scheme, even as the economy reeled from the pandemic. In the January-to-April period, the 10 commercial lenders saw their loans outstanding rise by 3.9% from the […]
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Thailand
