Unemployment is likely to soar this year because of the severe impact being felt by the third wave of Covid-19, warned a government planning unit. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the third wave of the pandemic is likely to be a prolonged affair and prevent the economy […]
Read MoreThe economy is expected to achieve 2% growth this year, if the government meets the target of 100 million doses within this year, said Don Nakornthab, Bank of Thailand’s senior director for the Financial Stability Department. The economy is likely to expand by only 1% if the government fails to meet the target, he said […]
Read MoreThailand’s agri-food sector contracted by 6% or 228 billion baht last year with a corresponding decline of 8% or 730,000 people in its workforce, largely due to the effects of the Covid-19 pandemic, according to a report by Oxford Economics. The nation’s agri-food sector is facing the third most challenging — after Phillippines and Indonesia […]
Read MoreThailand’s economy has been mired in a contraction for five consecutive quarters, starting with a 1.8% dip in the first quarter of 2020 followed by an alarming 12.2% nosedive in the second quarter. The contraction was less severe at only 6.4% in the third quarter, shrinking to 4.2% in the final quarter and only 2.6% […]
Read MoreNew computer models are seeing an uptick in price following the global shortage of semiconductors and a surge in demand for IT devices used for remote work and study, according to IT device distributors. Somsak Pejthaveeporndej, chief executive of VST ECS Thailand, said the world faces a shortage of components such as integrated circuits used […]
Read MoreThailand’s unemployment rate hit a 12-year high in the first quarter of 2021 due to the renewed impact of coronavirus outbreaks, the state planning agency said on Monday. The latest, more severe outbreak has seen overall cases nearly quadruple since early April, and deaths increase six-fold. The unemployment rate was 1.96% in the January-March quarter, […]
Read More
Thailand
