Thailand’s industrial confidence index stood at 75.9 in April, its lowest in 11 years, and a slight decrease across all sectors from 88 the month before. The drop is a reflection of poor confidence in the economy because of the lockdown and curfew, the drought and the private sector’s wariness of the Covid-19 pandemic. FTI […]
Read MoreThe spending habits and behaviours of Thai consumers are changing as new habits take shape across the globe. These findings come from a Visa survey of consumers from across 40 countries, including Thailand. According to the survey, three in five Thais are forming cashless habits, preferring to pay with cards or through mobile applications over […]
Read MoreThailand’s e-commerce, excluding business-to-business engagement, is expected to grow 35% to 220 billion baht in 2020, driven by the coronavirus outbreak, says Priceza, a price comparison shopping website. Meanwhile, the competition between social commerce and e-marketplaces is expected to intensify. “In the post-Covid-19 world, the online channel and e-commerce are no longer an alternative option, […]
Read MoreThe Finance Ministry will sell 3.17% of its stake in the financially-troubled Thai Airways International (THAI) to the state-run Vayupak 1 Fund, with the aim of stripping the airline of its state enterprise status. Transport Minister Saksayam Chidchob held a teleconference to inform THAI executives of the decision on Wednesday. He has given THAI a […]
Read MoreThailand is likely to take up to three years to return to normal economic conditions, similar to 2019, following the pandemic, according to the Thailand Development Research Institute (TDRI). Speaking at a seminar titled “New Normal for Business Sector” held by the Thai Chamber of Commerce (TCC), Somkiat Tangkitvanich, TDRI’s president, said this economic crisis […]
Read MoreChinese e-commerce giant Alibaba is encouraging Thai businesses to use its platform to boost their sales in overseas markets as online sales have jumped during the pandemic. “We have worked with local dealers the past 10 years, demonstrating Thailand has potential for global trade opportunities,” said Stephen Kuo, Asia-Pacific head at Alibaba.com, a business-to-business (B2B) […]
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