The coronavirus pandemic is expected to drive Thailand’s e-commerce growth by 30% in 2020, compared with the usual 15-20%, says e-commerce pioneer Pawoot Pongvitayapanu. Traditional retail businesses are likely to be disrupted by Chinese e-commerce players faster than expected, he said. Many local small and medium-sized enterprises (SMEs) will disappear within five years after e-commerce […]
Read MoreSome 13.4 million non-formal workers have been approved for the monthly 5,000-baht cash handout from the government, with the screening process expected to be completed on May 17. Of the total, 4.4 million recipients met the criteria on application, 5.3 million were required to provide additional information to the Finance Ministry and the remainder are […]
Read MoreThe board of the Social Security Office (SSO) has voiced disagreement with the Labour Ministry’s plan to raise compensation payments to workers insured under the Social Security Act who lost their jobs or were furloughed due to the Covid-19 outbreak. Tawee Deeying, an employees’ representative on the SSO board, said the board stands by its […]
Read MoreThe economy would improve once businesses reopen and employ people, and tourism resumes, with measures in place to give visitors confidence in their safety, Prime Minister Prayut Chan-o-cha said on Friday. He was replying to questions about the next step in relaxing the nationwide lockdown imposed to prevent the spread of coronavirus disease. Speaking about […]
Read MoreThailand’s economic performance in the first quarter was not good and the current quarter will be worse as the nation faces the full impact of the coronavirus pandemic, Deputy Prime Minister Somkid Jatusripitak said on Friday. The key economic drivers of exports and tourism were weak as the global economy was not good, so the […]
Read MoreThailand’s economy is facing a greater risk of deflation after a two-month easing of headline inflation, with global stock markets experiencing another sell-off trend this month, says Asia Plus Securities (ASP). Deflation is defined as a decline in the general prices of goods and services for six consecutive months. This week it was reported that […]
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