The Finance Ministry is set to roll out a fresh stimulus package this quarter large enough to jump-start economic growth momentum, says Finance Minister Uttama Savanayana. The prospective measures will help bolster consumer confidence, the tourism sector and business operators, he said. The package will focus on giving money to consumers by lowering financial burdens, […]
Read MoreThai tourism has been dealt another massive blow after 80% of Japanese tour groups cancelled packages to Thailand, prompting tour operators to urge airlines to reduce frequency of flights. Thais travelling to Japan have also dropped by 20%. Anake Srishevachart, president of the Thai-Japan Tourism Association, said 80% of Japanese groups have cancelled packages to […]
Read MoreThe Industry Ministry has set a target to increase industrial productivity by 2.2% by 2022 and raise Thailand’s competitiveness by enhancing labour skills and leveraging technology and innovation. Kobchai Sungsitthisawad, the industry permanent secretary, said Thailand should increase productivity by using existing resources. To deal with problems like the global economic slowdown, trade wars, the […]
Read MoreThe outbreak of the coronavirus has affected the property market in Bangkok, in particular the retail and condominium segments. People are travelling less and avoiding crowded places including shopping malls to reduce the risk of falling ill. “This event is hitting the retail market and has caused a significant decrease in traffic inside many shopping […]
Read MoreThe Excise Department has put on hold a process to consider levies on salty food and non-alcoholic beer until the Covid-19 epidemic is under control, its chief says. Given that containing the deadly virus outbreak is the top priority of the Public Health Ministry, which plays a vital role in mulling both excise taxes, such […]
Read MoreBanking loan growth could slow to levels below economic growth, while the bad loan ratio is expected to surpass 3% this year as the economy falters, says a senior official at the central bank. Lending growth is predicted to exceed 2% this year, compared with growth of 2% and 6% in 2019 and 2018, respectively, […]
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