Less than a month after the second wave of the pandemic subsided, Thailand faced a tsunami of Covid-19 infections in April and early May, posing a threat to economic stability. While countries with high inoculation rates such as the US have moved past rigid measures, the Thai government has stumbled in providing vaccination. The state […]
Read MoreThe Federation of Thai Industries (FTI) will go ahead with its plan to import vaccines for companies which want to distribute them to employees, while the Thai Chamber of Commerce (TCC) accepted that it might be too late for the private sector to procure vaccine supplies amid intense global demand. A statement issued by TCC […]
Read MoreMANILA, Philippines — Metro Manila, the main economic hub which became the epicenter of the COVID-19 outbreak in the country, suffered a 10.1 percent contraction in output last year as mobility restrictions took a toll on services crucial to growth. In the latest Regional Accounts of the Philippines report released by the Philippine Statistics Authority […]
Read MoreThe Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) have embarked on a digital payment linkage between the two countries via the PromptPay and PayNow systems. The Thai central bank and the central bank and financial regulatory authority of Singapore on Thursday unveiled the linkage of Thailand’s PromptPay and Singapore’s PayNow real-time retail […]
Read MoreThe Finance Ministry’s Fiscal Policy Office (FPO) on Thursday slashed its economic growth forecast for the second time to 2.3% this year from its earlier prediction in January of 2.8% and 4.5% in Oct 2020, attributing largely to the battered tourism sector due to the Covid-19 pandemic. Kulaya Tantitemit, director-general of the FPO, said the […]
Read MoreThe baht opened at 31.18 to the US dollar on Friday, strengthening from its close of 31.21 on Thursday. The Thai currency is likely to move between 31.30 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He explained that the baht had strengthened due to the weakening of the dollar. Meanwhile, […]
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Thailand
