Consumer sentiment keeps falling, with the deadly virus outbreak adding to key concerns such as the delayed fiscal 2020 budget, the domestic economic slowdown and political instability. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index dropped to 67.3 in January from 68.3 in December, 69.1 in November […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s central bank unexpectedly cut its benchmark interest rate for a third time in six months on Wednesday (Feb 5), taking it to a record low as a virus spreading from China puts further pressure on the struggling economy. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to cut the one-day […]
Read MoreLabour Ministry has been asked to step in and help dozens of plastic bag manufacturers which are at risk of closing their businesses altogether since the government banned single-use plastics on Jan 1. President of Thai Plastic Industries Association (TPIA), Somchai Techapanichgul, said at a meeting with Labour Minister MR Chatu Mongol Sonakul that almost […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has cut its forecast for 2020 GDP growth to 2-2.5% from a previous projection of 2.5-3%, citing economic difficulties aggravated by the novel coronavirus outbreak. The panel’s export view remains unchanged between flat and a 2% drop, while inflation is seen at 0.8-1.5%. This is […]
Read MoreThe Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal 2020 budget bill. The Monetary Policy Committee (MPC) unanimously voted […]
Read MoreNot so long ago, online food delivery services were limited to pizza, fried chicken and burgers from large international chains. Thanks to the advancement of technology and the rapid global penetration of e-commerce, consumers nowadays are able and willing to pay extra for their favourite food from their go-to food places or from trendy new […]
Read More
Thailand
