Thailand’s economy will face a daunting recovery trajectory if tourism does not improve, as economic growth is tied directly and indirectly to foreign tourist arrivals, says Fitch Ratings. “I think it is very hard to see Thailand mounting an aggressive recovery in [economic] growth in the absence of some kind of improvement in the tourism sector,” […]
Read MoreThe news that Ranong border gate stopped trade activities with Myanmar is not true and trade still goes on as normally as usual, according to a statement released by Thai authorities. Thailand had extended only Covid-19 restrictions but would continue trade with Myanmar, Thai news websites also reported. Before that, some media outlets in Myanmar […]
Read MoreThe Thailand Convention and Exhibition Bureau (TCEB) plans to steady the Mice (meetings, incentives, conventions and exhibitions) industry for future visits from the international market as it awaits the government loosening travel restrictions. TCEB president Chiruit Isarangkun Na Ayuthaya said about 360 companies from China expressed their intent to bring meeting and incentive groups to […]
Read MoreBusiness leaders are urging an extension of credit guarantees provided to small and medium-sized enterprises (SMEs) under the 500-billion-baht soft loan scheme, expanding from two years to 10 years to assist them. An extended credit guarantee period by the Thai Credit Guarantee Corporation (TCG) will help support liquidity of SMEs affected by the pandemic, said […]
Read MoreThe Bank of Thailand (BoT) saw a need to preserve limited monetary policy room to use at the most effective time, when it kept its benchmark rate steady at a record low last month, meeting minutes showed on Wednesday. On Sept 23, the central bank’s monetary policy committee voted unanimously to leave the one-day repurchase […]
Read MoreA shippers group forecasts Thai exports to fall by 8% this year, slightly better than the 10% contraction predicted in July, due to a gradual recovery in global demand. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said that if the country fetches US$19.5-20 billion a month in the remaining months of the year, […]
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