The Government Savings Bank (GSB) is considering extending the debt moratorium measure due to end in September as most customers are still reeling from the Covid-19 impact. The bank’s board meeting held on Monday discussed extending the debt moratorium that has been in place since April, said GSB president and chief executive Vitai Ratanakorn. The extension […]
Read MoreBest Inc, a Chinese logistics firm backed by e-commerce titan Alibaba, plans to invest 300 million baht in the second half to boost its express delivery service, Best Express, in Thailand. The company wants to tap the booming logistics industry, buoyed by online shopping, in the wake of the pandemic. The amount is part of […]
Read MoreThailand’s rice exports are likely to plunge to 6.5 million tonnes this year, the lowest in a decade, from an earlier projection of 7.5 million tonnes because of a spate of negative factors, says the Thai Rice Exporters Association. Chookiat Ophaswongse, the association’s honorary president, said after a discussion with Commerce Ministry officials including Commerce […]
Read MoreThailand does not need financial assistance from the IMF during the pandemic because of the country’s strong economic fundamentals and the financial sector, says the Bank of Thailand. “There are some concerns that Thailand could ask for financial assistance from the IMF to overcome this crisis, similar to the Asian financial crisis in 1997. But […]
Read MoreMost financial institutions reported lower first-half net profits and higher bad loans, mainly from higher provisions for loan losses, in line with rising loan delinquency prospects triggered by the coronavirus outbreak. Kasikornbank (KBank) and its subsidiaries announced a net profit for the first half this year of 9.6 billion baht, down 52.2% year-on-year. Net profit […]
Read MoreThe domestic tourism stimulus scheme has registered a slow response from locals as limited supply and price gouging marked the first two days of booking, prompting the government to allowed non-licensed hotels to join the scheme this week. “It is too soon to say domestic tourism consumption is weaker because the ‘We travel together’ scheme […]
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Thailand
