The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19. Both the BoT and financial institutions are concerned about rising NPLs in the tourism sector and tourism-related businesses, including aviation, transportation, […]
Read MoreThe Revenue Department is concerned that its collection of corporate income tax in the fiscal year 2021 will fall short of its target as listed companies’ profits last year are expected to be 40% lower than the previous year, said the department’s director-general Ekniti Nitithanprapas. Listed companies’ corporate income tax accounts for 30% of the […]
Read MoreThailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday. However, it was a marked improvement from the 4.2 per cent contraction in […]
Read MoreThailand has voiced support for Asia-Pacific Economic Cooperation (APEC)’s three key statements on the facilitation of the Covid-19 vaccine and movement of essential goods as well as expressing readiness to host the APEC meeting next year. Commerce minister Jurin Laksanawisit said after a video conference with New Zealand’s Minister of Trade and Export Growth, Damien […]
Read MoreThe Stock Exchange of Thailand (SET) Index fell by 15.62 points or 1.01 per cent to 1,533.86 at 10.18am on Monday. The volume of total transactions was THB16.56 billion with an index high of 1,544.64 and a low of 1,529.69. Krungsri Securities forecast that the SET Index on Monday would fluctuate between 1,540 and 1,560 […]
Read MoreThailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections. The outbreak, the country’s biggest so far, has hit consumption and tourism, prompting a growth outlook downgrade by the National Economic Development Council on […]
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