Many Thai consumers are spending more, even as the difficult economic conditions caused by the third wave of Covid-19 bring more stress and unhappiness, a new consumer survey shows. Most consumers are stocking up on essential goods, particularly food and necessities, as they remain largely housebound, whether because of lockdown orders or fear of contracting […]
Read MoreThe pandemic drove the country’s unemployment rate up to 1.96% in the first quarter, the highest level in five years, while the IT sector saw the highest number of job postings compared with other industries in the first half of this year, according to job search platform JobsDB. “Thailand’s unemployment rate in the first quarter […]
Read MoreThailand’s manufacturing production index (MPI) is expected to grow by 4-5% this year, up from an earlier forecast of 2-3% made by the Office of Industrial Economics (OIE), due mainly to fast-growing exports. The adjustment in the forecast was announced as the OIE reported the MPI index for June increased by 17.58% year-on-year to 97.73 […]
Read MoreThe Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection. The BoT’s Monetary Policy Committee (MPC) meeting on Wednesday decided to cut GDP growth […]
Read MoreThe government expects private investment in the state flagship Eastern Economic Corridor (EEC) scheme to reach as much as 2.5 trillion baht in 2027, playing a key role in driving economic growth during that period. Kanit Sangsubhan, secretary-general of the EEC Office, said his office is feeling upbeat that private investment in the EEC will […]
Read MoreFollowing the extension to the lockdown until August, the office market slowdown will continue in the third quarter with a further decrease in occupancy rate, according to property consultant Edmund Tie & Co Thailand. Neeranuch Kanokvilairat, manager of research & consulting, said some office tenants were using less office space as they had reduced the […]
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Thailand
