Online food delivery has seen at least a 30-40% surge in orders following the fresh pandemic wave compared with the normal period, particularly from strictly controlled provinces, according to the segment’s players. Meanwhile, industry newcomer Robinhood, brainchild of Siam Commercial Bank (SCB), is seen to be weighing on the market, currently dominated by foreign players, […]
Read MoreThailand’s GDP growth this year could drop below the 3.2% baseline projection from plausible lower inbound arrivals amid uncertainties over vaccine efficacy and reduced fiscal stimulus, says the Monetary Policy Committee’s (MPC) latest edited minutes. The country has been grappling with higher infections since the start of 2021, with stringent restrictions imposed in five provinces […]
Read MoreThe consumer price index (CPI), a gauge of headline inflation, is expected to remain in negative territory in the first quarter this year, rebounding to positive from April with availability of a Covid-19 vaccine anticipated. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the Commerce Ministry expects headline inflation to contract by […]
Read MoreDiscounts on condo prices should continue into the first quarter of 2021 as developers want to drain unsold inventory as much as possible, says a property website. Kamolpat Swaengkit, country manager of DDproperty.com, said many developers keep reducing unsold condo inventory to prepare for new project launches in the second half. “Developers still want to […]
Read MoreThe Bank of Thailand is allowing greater flexibility for non-resident companies to conduct foreign exchange transactions against the baht with domestic financial institutions under the non-resident qualified company (NRQC) scheme. The move is an attempt by the central bank to liberalise onshore regulations related to capital flows and forge a new foreign exchange ecosystem, seen […]
Read MoreThe government’s decision to intensify measures to curb the spread of Covid-19 infections in five provinces, including Samut Sakhon, should not have a severe impact on factory operations if the actions last for a short period, says the Department of Industrial Works (DIW). Samut Sakhon, along with the eastern provinces of Chon Buri, Rayong, Chanthaburi […]
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Thailand
