Kasikorn Research Center (K-Research) has emerged as the most pessimistic among research houses, slashing its forecast for the country’s GDP growth this year to 0.5% on the expectation that the coronavirus epidemic will wipe 410 billion baht off tourism receipts. The downgrade is based on assumptions that the number of infection cases in China will […]
Read MoreThe government has ordered textile firms to speedily produce 30 million pieces of washable cloth face masks in the next month to give away in Bangkok metropolitan areas to combat chronic shortages. The Industry Ministry acknowledged that textile firms should be able to produce 10 million cloth masks in one month based on their production […]
Read MoreTourism operators don’t see cash giveaways as a remedy for the tourism drought, as many high spenders who have missed expensive outbound trips still have strong purchasing power. A meeting of economic leaders is set to consider a relief package that includes a 1,000-baht giveaway for people with an annual base income not exceeding 100,000 […]
Read MorePeople’s engagement through social media and e-marketplace platforms rose sharply from January to February, whipped up by the coronavirus outbreak, says the National Broadcasting and Telecommunications Commission (NBTC). The trend was illustrated in a recent online survey conducted through the Prute Ti Maat (behaviour measurement) app developed by the NBTC. Giant e-marketplace Shopee saw people […]
Read MoreThe Federal Reserve’s emergency rate cut will put pressure on the Bank of Thailand to follow in its footsteps, according to a senior official at the Fiscal Policy Office (FPO). “If the Bank of Thailand finds the economy would grow at a slower pace than expected, it could be a factor encouraging the Monetary Policy […]
Read MoreThe Federal Reserve’s emergency rate cut will put pressure on the Bank of Thailand to follow in the US central bank’s footsteps, according to a senior official at the Fiscal Policy Office (FPO). “If the Bank of Thailand finds the economy would grow at a slower pace than expected, it will be another factor that […]
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Thailand
