Thailand is maintaining exports of rubber products and processed rubber as global demand surges, particularly for rubber products relating to virus protection such as rubber gloves and synthetic rubber used to make such gloves. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said Thailand’s outbound shipments of rubber products and processed rubber in the form […]
Read MoreS&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-19 uncertainty, with a possible downgrade given heightening political uncertainty and persistent sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from […]
Read MoreThe auto parts industry club under the Federation of Thai Industries (FTI) expects the parts sector to continue shrinking as car factories close or cut production and global purchasing power weakens. The club is considering a downgrade to forecasts for sales value and auto parts volume in 2020. Pinai Sirinakorn, chairman of the auto parts […]
Read MoreThe Civil Aviation Authority of Thailand (CAAT) has extended its inbound flight ban to April 30 except repatriation flights and some others for Covid-19 control. CAAT’s director-general Chula Sukmanop announced the ban extension on its media on Wednesday morning. It was the third extension of the ban which was first imposed on April 3. He extended the ban on inbound passenger […]
Read MoreThe economy could suffer a record blow of 1.3 trillion baht in damage from the spiralling spread of the coronavirus, according to preliminary estimates by the Thai Bankers’ Association (TBA). The country’s economic damage based on the preliminary reading represents 7.7% of GDP, on a par with the economic contraction during the financial crisis of […]
Read MoreMajor fuel retailers are adjusting operations in response to plummeting demand and prices caused in part by the pandemic. When the crisis began, food businesses owned by oil companies shifted from takeaway to home delivery. Mostly state-owned Bangchak Corporation said it plans to revise investment plans and is revamping business operations to deal with dropping […]
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Thailand
