Thailand plans to borrow 600 billion baht in the current fiscal year to September and 400 billion baht in the next fiscal year to finance measures to mitigate the coronavirus impact, a finance ministry official said on Wednesday. The government will borrow at least 80% from the domestic market via short and long-term debt issues […]
Read MoreState-owned Airports of Thailand Plc (AoT) said on Wednesday it expects the number of passengers passing through its airports to decline by 53% this year due to the outbreak of the new coronavirus. AoT expects the number of passengers to drop to 66.58 million and the number of flights to decline by 44.9% to 493,800 for […]
Read MoreThe Bank of Thailand should ensure the baht is competitive and has a trade advantage as the coronavirus pandemic hits the economy, Deputy Prime Minister Somkid Jatusripitak said on Wednesday. The economy, which is heavily reliant on exports and tourism, could lose more than a trillion baht and up to 10 million jobs. While overall […]
Read MoreThe government remains positive that exports are unlikely to plunge by 8-10% this year as predicted by several forecasting agencies. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said that despite challenging global factors such as the coronavirus pandemic, there are supporting factors for exports during the rest of […]
Read MoreMost SET-listed commercial banks in the first quarter remained resilient amid the floundering economy, while building higher provisions for expected loan losses from rising bad debt as new financial reporting standards are adopted and the coronavirus spreads. Six banks recorded an unaudited consolidated net profit for the three months to March totalling 24 billion baht, […]
Read MoreCommercial airlines have been told to adopt strict anti-disease transmission rules when they resume domestic flights on May 1, according to the Civil Aviation Authority of Thailand (CAAT). While returning to the skies is the airlines’ right, they must operate flights differently, said Chula Sukmanop, the CAAT director-general. The airlines, mostly low-cost carriers, will meet […]
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