The 50 richest Thais added US$28 billion (908 billion baht) in combined wealth over the last 15 months, with the Chearavanont brothers of Charoen Pokphand (CP) Group growing their wealth by almost $3 billion despite the pandemic, according to an annual tally by Forbes. The benchmark rose 43% since the last measurement was conducted 15 […]
Read MoreConsumer confidence dropped to a record low in June, dented by the country’s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in June from 44.7 in May. Source: https://www.bangkokpost.com/business/2145547/consumer-confidence-hits-record-low
Read MoreAirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter. The group’s plan is to boost revenue from digital services […]
Read MoreThe Covid-19 pandemic has presented an unpleasant picture for new factory registrations, with a sharp decrease in new factories and facility expansions in the third quarter of 2021, according to the Department of Industrial Works (DIW). From October 2020 to June 2021, factory expansion projects decreased by 70.23% year-on-year to 209 factories while the number […]
Read MoreThe baht opened at 32.36 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.28. The Thai currency is likely to move between 32.30 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon reiterated that the baht was being pressured by the Covid-19 situation in Thailand and the […]
Read MoreA private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday’s meeting from an earlier estimate of 0.5-2%. […]
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