Thailand’s economy suffered its worst full-year performance in more than two decades, data showed on February 15, with officials citing the toll of a gutted tourism industry and ongoing political upheaval. Last year’s 6.1 per cent contraction was the worst since a 7.6 per cent decline during the Asian financial crisis in 1997 and officials […]
Read MoreThe Bank of Thailand has implemented additional regulations to supervise IT system management among e-payment service providers in order to beef up cybersecurity and keep up with upgraded technologies. The central bank has enforced upgraded regulations on IT risk management to supervise all e-payment service providers, covering non-bank companies, in addition to the existing regulations […]
Read MoreThe Cabinet on Monday approved 37.1 billion baht of assistance to help low-income workers during the country’s current coronavirus outbreak, a government spokesman said. The government will offer 4,000 baht each to 9.27 million workers, Anucha Burapachaisri told a briefing. The new relief followed a recent 210 billion baht scheme for about 31 million people. […]
Read MoreThailand’s PTT Exploration and Production Public Company Limited (PTTEP) has made its largest-ever gas discovery in Malaysia, the company announced in a press release on February 10. PTTEP made the discovery through its wholly-owned subsidiary, PTTEP HK Offshore Limited (Malaysia) (PTTEP HKO), which successfully completed drilling the Lang Lebah-2 appraisal well under the Sarawak SK […]
Read MoreThe government cut its estimate for economic growth this year to 2.5-3.5% after Thailand suffered its worst slump in more than two decades in 2020 due to the shock from the Covid-19 pandemic. The government had previously forecast growth 3.5-4.5% for this year, and the downward revision comes despite latest data showing the economy shrank less […]
Read MoreFebruary is characterised by rosy red colours to usher in auspicious occasions and highlight affection, as people celebrate both Chinese New Year and Valentine’s Day this month, but questions linger about consumer spending amid the ongoing pandemic. The allure of spending and travel linked with these special occasions is far less enticing than in previous […]
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Thailand
