The Bank of Thailand (BOT) wants commercial banks to respond to its relief measure by cutting their customer fees and easing loan conditions. The central bank is monitoring how banks respond after it allowed them to reduce their contribution to the Financial Institutions Development Fund (FIDF), said Ronadol Numnonda, deputy governor at the Bank of […]
Read MoreThe logistics industry is expected to contract 10 per cent this year due to the economic downturn caused by the Covid-19 pandemic outbreak, the Thai Transportation and Logistics Association (TTLA) said. TTLA chairman Chumpol Saichua added that usually the industry expanded every year in line with economic growth. The sector accounts for 14 per cent, […]
Read MoreThe Tourism Authority of Thailand (TAT) plans to rejig the enrolment process for the domestic stimulus campaign to a more friendly version for the elderly, as well as urge airlines to offer special airfares for local tourists. Only 800,000 room nights have been redeemed under the “We Travel Together” campaign from a total of 5 […]
Read MoreCar imports in Vietnam have increased again after a long slump caused by the impact of Covid-19. Thailand and Indonesia have been the biggest sellers. The General Department of Customs (GDC) reported that in July, Vietnam imported 4,761 CBU cars of different kinds, an increase of 34 percent over the month before. This included 1,698 […]
Read MoreNot long ago the streets of Bangkok were near empty — save for a bustling network of green-, pink- or yellow-vested delivery drivers shepherding food across a shuttered city to the millions trapped indoors fearing an accelerating viral outbreak. As revenue from cornerstone industries like tourism, hospitality and retail dried up and government assistance lagged, […]
Read MoreThe headline consumer price index (CPI) declined 0.50% in August from a year earlier, a smaller than expected drop, according to Commerce Ministry data released on Thursday. The reading compared with a forecast fall of 0.65% in a Reuters poll of leading ecnomists, and July’s 0.98% decline. The core CPI index rose 0.30% from a […]
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