Economy and industry

Two years ago, the seaside in front of Seksith Pimolnat guesthouse on Phuket’s Patong Beach was packed. Holiday makers from Siberia, China, and the various corners of the European Union crowded together in a cacophonous revelry.Today, Patong is deserted. Another casualty of the coronavirus pandemic.“Many ...

Thailand and many of its neighbours are struggling with the spread of Covid-19 cases while they await the beginning of mass vaccination programmes to counter the pandemic.Thailand’s financial system has been hit hard by the latest coronavirus outbreak and the central bank says its economy ...

The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19.Both the BoT and financial institutions are concerned about rising NPLs in ...

The Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise ...

Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.However, it was a ...

Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.The outbreak, the country’s biggest so far, has hit consumption and tourism, ...

The Tourism Authority of Thailand (TAT) believes it will not be able to meet its 2021 target because few people are travelling due to the third wave of Covid-19.TAT governor Yuthasak Supasorn said the organization expects 90 million locals to take trips this year, slightly ...

The Transport Ministry is gearing up for the resumption of air travel in November.Transport Minister Saksayam Chidchob said after a meeting between the members of the Civil Aviation Board that he had asked the Civil Aviation Authority of Thailand to collaborate with public health agencies, ...

The Bank of Thailand has added measures on retail loan restructuring as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the pandemic.The central bank started implementing new measures for debt relief on Friday, including restructuring consumer ...

The Bank of Thailand predicts domestic tourism will be weaker in May than the previous month because of the severity of the third wave.The central bank reported the hotel occupancy rate in April was below 20% on average because of the significant decline in local ...