Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival, according to Bloomberg. The Fiscal Policy Office (FPO) downgraded the country’s 2021 economic forecast to 1.3% GDP growth, a […]
Read MoreAIA Thailand expects insurance sales via digital channels to reach 50% by the end of this year, up from 40% at present, spurred by work from home and social distancing during the pandemic. AIA chief executive Kris Chantanotoke said the challenge is to encourage agents to adopt digital tools. “About 40% of our new policies […]
Read MoreThe baht opened at 32.87 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 32.80 and 32.95 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the US dollar was weakening but the Thai currency was unlikely to strengthen soon due to […]
Read MoreThai entertainment and media (E&M) revenues are forecast to climb above 500 billion baht this year, bouncing back from a drop of 6 per cent last year (484 billion baht) during the Covid-19 crisis. The forecast comes from PwC’s Global Entertainment & Media Outlook 2021-2025, which estimates E&M revenues will grow by 4.45 per cent […]
Read MorePHNOM PENH: Cambodia is set to launch a lockdown in eight provinces bordering Thailand from midnight on Thursday, in a bid to prevent the spread of the Delta variant of the coronavirus in the Southeast Asian country. Prime Minister Hun Sen signed an order late on Wednesday for the lockdown, which bans people from leaving […]
Read MoreWe forecast the baht to trade weaker over the near term given continued headwinds to the economy from Covid-19. The spread of the Delta variant has resulted in Thailand battling its worst outbreak since the pandemic began, with new cases averaging above 14,000 daily and deaths above 100. Authorities have responded by tightening mobility restrictions, […]
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