Consumer and business sentiment continued to plunge in July based on rising Covid-19 infections and deaths, as well as a poor economic outlook. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 40.9 in July from 43.1 in June, 44.7 in May, 46 in April, 48.5 in […]
Read MoreThe consumer price index (CPI), a gauge of headline inflation, decelerated in July from the previous month because of government subsidies for utilities, tuition and education fees to alleviate the impact of the prolonged Covid-19 outbreak. The Commerce Ministry reported yesterday inflation was 0.45% in July after tallying 1.25% in June, 2.44% in May and […]
Read MoreNearly half of businesses expect normal Thai life to resume in the first quarter of next year, according to a Bank of Thailand survey. The business sentiment index, which was conducted from July 1-22 on 260 businesses of all sizes, found 45% of respondents expect public confidence in spending life outside the home, including travelling […]
Read MoreThailand and Australia have agreed to pursue a strategic economic partnership to boost bilateral trade and investment, with the deal expected to be signed next year. Speaking after a teleconference with Dan Tehan, Australia’s minister for trade, tourism and investment, Commerce Minister Jurin Laksanawisit said Australia is keen to forge a strategic economic partnership with […]
Read MoreThe last-mile parcel delivery segment is expected to see slower growth this year due to the damaging effects of the pandemic, according to new research. The segment is expected to see revenue grow by just 19% to 71.8 billion baht this year, slowing from a gain of 31.3% in 2020, according to Kasikorn Research Center […]
Read MoreA decline in local automotive and oil sales has affected the Excise Department’s revenue collection, said director-general Lavaron Sangsnit. He said a shortage of semiconductor chips, a key component for vehicles, has affected domestic car sales and in turn excise tax collection. Domestic fuel consumption has also dipped, in line with the country’s weakening economy. […]
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