Russia’s invasion of Ukraine on Feb 24 marks a major conflict that sent shockwaves through global stock and commodities markets. The action could affect tourism around the world, including in Thailand, which is still struggling to recover economically from the pandemic stress. Will travel be considered a luxury during unsettling times? Thailand’s Department of Disease […]
Read MoreThe Bank of Thailand (BoT) is concerned about inflation because of the Russia-Ukraine conflict, but believes the Thai economy will continue to recover this year. The Russian attack on Ukraine will push up global energy prices as the countries are major producers of commodities and fossil fuels, playing crucial roles in the global supply chains […]
Read MoreRetailers are calling on the government to speed up budget disbursement and state spending, cap energy prices for as long as possible as well as continue consumption stimulus measures to boost consumer spending. According to Yol Phokasub, president of the Thai Retailers Association, given the spate of risk factors, the government needs to prioritise measures […]
Read MoreThe overall labour situation began to recover from the impact of Covid-19 in the final quarter of 2021, with the unemployment rate dropping to the lowest since the second quarter of 2020, while household debt still increased but at a slower pace. The government’s planning unit, the National Economic and Social Development Council (NESDC), reported […]
Read MoreThailand recorded a current account deficit of $2.2 billion in January after a deficit of $1.4 billion in the previous month, the central bank said on Monday. Exports, a key driver of growth, rose a much slower pace of 7.9% in January from a year earlier, with imports up 18.4% year-on-year, giving a trade surplus […]
Read More[BANGKOK] Thailand’s unemployment rate in the fourth quarter fell to 1.64 per cent from 2.25 per cent in the previous quarter, the state planning agency said on Monday, following an easing of coronavirus restrictions. The jobless rate was the lowest since the pandemic and there were about 630,000 workers without jobs in the December quarter, […]
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