Thailand’s economy shrank in the first quarter as coronavirus outbreaks hurt consumption and tourism, but the fall was less than expected helped by stronger non-agricultural output and exports. The economy contracted 2.6% in the March quarter from a year earlier, data from the National Economic and Social Development Council showed on Monday, versus a forecast […]
Read MoreThe Bank of Thailand has added measures on retail loan restructuring as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the pandemic. The central bank started implementing new measures for debt relief on Friday, including restructuring consumer loans. The rules allow auto hire-purchase loan and car […]
Read MoreThe Transport Ministry is gearing up for the resumption of air travel in November. Transport Minister Saksayam Chidchob said after a meeting between the members of the Civil Aviation Board that he had asked the Civil Aviation Authority of Thailand to collaborate with public health agencies, airlines and airport authorities to lay out measures to […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s economic contraction continued into the start of year, setting the stage for a further slump as the country now faces its worst wave of Covid-19 cases. Gross domestic product (GDP) in the first quarter shrank 2.6 per cent from a year earlier, the National Economic and Social Development Council said on […]
Read MoreBANGKOK: Thailand lowered its 2021 economic growth forecast to 1.5 per cent to 2.5 per cent as it is facing an uphill battle against third wave of COVID-19. The tourism-reliant kingdom had previously forecast growth of between 2.5 and 3.5 per cent in February after it shrank 6.1 per cent last year, the deepest slump […]
Read MoreThe Social Security Office (SSO) is to seek the cabinet’s approval to cut social security fund (SSF) contributions to support those affected by Covid-19 for three months. Surachai Chaitrakulthong, assistant to the labour minister, said on Thursday the Federation of Thai Industry had asked the ministry to launch additional measures to help employers and employees affected […]
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Thailand
