HANOI — The cost to hire shipping containers has skyrocketed to nearly ten times its pre-pandemic level, according to export businesses and trade agencies. During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply […]
Read MoreThe top three worst impacted provinces would be Bangkok, which would lose 81.42 billion baht, Chonburi (15.46 billion baht) and Phuket (2.79 billion baht). (Chineses tourists in Thailand last year) BANGKOK: The new Covid-19 outbreak will wipe 140 billion baht off Thailand’s trade and tourism revenue, TMB Analytics forecast. Trade and tourism account for 22% […]
Read MoreThailand’s exports are recovering and expected to tally growth of 3.6% this year to US$237 billion if a Covid-19 vaccine becomes effective and sufficient as hoped, says the University of the Thai Chamber of Commerce (UTCC). Aat Pisanwanich, director of the UTCC’s Center for International Trade Studies, said Thailand’s growth prospects depend mostly on the […]
Read MoreThe coronavirus pandemic has brought the world’s top tourist draws, from the ruins of Machu Picchu to Thailand’s sandy beaches, to a standstill. Now tourism professionals and local authorities are hoping against hope for an economic recovery that will bring the punters back. Here are some key examples. Authorities in Thailand have turned to domestic […]
Read MoreThailand’s GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass. The research house under Krungthai Bank estimates the domestic economic growth outlook under two scenarios based on the coronavirus outbreak impact. The government’s stringent measures to contain the contagion, especially […]
Read MoreWhile economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners, according to a World Bank report released today. […]
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