Bank of Ayudhya’s (BAY) research house Krungsri Research (K-Research) has lowered its forecast for economic growth this year to 1.5% from 2.5% because of the damage from the Covid-19 outbreak, the delayed fiscal budget and the drought. The novel coronavirus, expected to peak during February to March, is predicted to shave 0.44 percentage points off […]
Read MoreThe unease caused by Covid-19 is expected to drag down Thai tourism for more than six months, triggering airlines to slash ticket prices to steer the market, while Nok Air and Nokscoot cut pilots and cabin crew to save cost. Thai Airways International (THAI) is partnering with the Tourism Authority of Thailand (TAT) to offer […]
Read MoreBANGKOK: Bangkok’s condominium market, once a favourite of Chinese investors, faces a bleak year as the novel coronavirus outbreak keeps buyers away. Foreigners are set to account for as little as 10% of purchases in 2020, down from a fifth two years ago, consultancy Agency for Real Estate Affairs estimates. Chinese buyers used to provide […]
Read MoreThe baht continued to weaken, trading at 31.70 to the US dollar in Monday morning trade, amid concerns over the coronavirus spreading outside China. Kasikorn Research Centre said that the baht had weakened along with the yuan and other regional currencies amid concerns about the Covid-19 outbreak, after there was an increase in Covid-19 infections […]
Read MoreThe Hanoitimes – In five years, Vietnam’s contribution to total revenue of Central Retail, a subsidiary of Central Group, is predicted to rise from the current 17% to 25%. Central Retail, a subsidiary of Thailand’s retail conglomerate Central Group, is expected to expand business activities in Vietnam after raising a record high of US$2.46 billion from […]
Read MoreThe Federation of Thai Industries (FTI) aims to downgrade its 2020 export projection for food products after witnessing a huge impact from the coronavirus outbreak, largely affecting overseas shipments to China. The current forecast is 1.02-1.06 trillion baht, with China the biggest destination for Thai food producers. Visit Limlurcha, chairman of the FTI’s food processing […]
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