Assurance of a gradual economic recovery has been repeated by Thailand’s financial authorities using empirical evidence, but the reality on the ground reveals more pain in the near term. Despite signs of business activity re-emerging after strict lockdown measures were eased, the Covid-19 pandemic is challenging the business cycle. Sluggish economic conditions and subdued earnings […]
Read MoreBangkok Bank has warned of a possible oversupply in the low-rise housing market in Greater Bangkok as many developers flee the sluggish condo sector for the segment. Phairach Sakwit, senior vice-president for property development at Bangkok Bank, said there were about 300,000 unsold residential units in Greater Bangkok as of the first half of 2020. […]
Read MoreHOTELIERS in Thailand could see losses continue until late 2021, as foreign visitors continue to stay away, even though the industry may be past the worst of its earnings crisis. Despite two domestic tourism stimulus packages unveiled in July, local take-up has been muted and consumer spending at hotels remains below operators’ break-even levels, said […]
Read MoreThe government’s latest 30,000-baht tax break, offered to taxpayers buying goods and services, is expected to boost Thailand’s electrical appliance market to more than 200 billion baht in value. Executives at retailers and appliance companies such as Power Mall, Toshiba, Sony and Sharp share the belief that the latest tax incentive will stimulate consumer spending […]
Read MoreThe country’s economic forecasts are unlikely to be revised down further this year despite Thai stocks looking bearish in the fourth quarter, says Asia Plus Securities. ASP recommends that investors accumulate stocks before the SET index’s expected recovery next year to a target of 1,450-1,526 points (based on a price-to-earnings ratio of 20-21 times). Therdsak […]
Read MoreConsumer sentiment fell for the first time in five months in September, as people remained concerned about political instability, the slow economic recovery and higher unemployment as a result of the pandemic. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index dropped to 50.2 in September from 51 […]
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Thailand
