The Commerce Ministry forecasts Thailand’s exports recovering to growth of 4% next year after a contraction of up to 7% this year. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said next year’s growth would be driven largely by food, products related to working from home, home appliances, healthcare, […]
Read MoreWith uncertainties and downside risks remaining, the Bank of Thailand has slashed the country’s GDP growth outlook for next year by 0.4 percentage points, attributed chiefly to an anticipated delay in tourism recovery. GDP growth was lowered to 3.2% from 3.6% projected previously as the impact of a prolonged outbreak abroad and a new outbreak […]
Read MoreThere is little hope of attracting international arrivals during the first quarter of next year as the coronavirus pandemic continues to spread in Thailand, Tourism and Sports Minister Phiphat Ratchakitprakarn says. Mr Phiphat said on Wednesday there is no need for the country to tighten travel restrictions on foreign passengers from the UK or other […]
Read MoreThe Bank of Thailand has relaxed conditions attached to its Bt500-billion soft loan package, making it easier for individuals and companies to access credit. The relaxation follows a surge of Covid-19 cases in Thailand as well as other countries around the world. Some countries have also been hit by a new mutation of the virus, […]
Read MoreFighting the pandemic and keeping the ailing economy going have been almost insurmountable tasks for Thailand this year. The Bank of Thailand has forecast a GDP contraction of 7.8% in 2020, crucially weighed down by the outbreak. After wading through the first lockdown and fending off new local infections for months, a sudden spike in […]
Read MoreSome 5% of total outstanding debts of borrowers classified in the small and medium-sized enterprise (SME) segment still need to extend their participation in the debt holiday programme until June 2021, says the Bank of Thailand. The debt holiday extension for the 5% portion of SME debtors, who have a credit line of no more […]
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