Economy and industry

Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even ...

The kingdom has seen a reduction in labour disputes between employers and workers during the past three months, according to Labour Minister Suchart Chomklin.The improvement was a result of the ministry’s effort in playing an assertive role in resolving problems between employers and employees through ...

Cryptocurrency is a decentralised virtual currency that is deemed to be more efficient than traditional currencies because it is regulated by a community of users. As of 2019, the top 100 cryptocurrencies had a market value of about US$200 billion with bitcoin accounting for more than ...

Despite decades of rapid change, 2020 somehow shifted the pace into overdrive, forcing businesses to change course overnight, workers to scramble to find a place in the new economy and leaders to carve out lucrative opportunities.These trends of 2020 highlight not only the chaos, but ...

Media was one of many sectors that suffered because of the pandemic in 2020, experiencing an estimated 20% year-on-year decline in ad spending to 71.8 billion baht.Whether the industry recovers in 2021 remains uncertain, depending crucially on how successful efforts are to curb the spread ...

If 2020 was wretched for tourists and the flying public, 2021 looks to be a year full of calibrated plans for recovery for both the tourism and aviation sectors that are desperate for the year-long Covid-19 crisis to bottom out.Indeed, the past year has brought ...

The Ministry of Commerce on Wednesday estimated Thailand’s exports in 2021 to gradually recover, with a 4 per cent growth following signs of a better global trade, COVID-19 vaccines, and economic stimuluses in many countries.Thai exports saw less contraction at 3.65 per cent year-on-year in ...

This year’s aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).The estimate uses the Thai Financial Reporting Standards 9 (TFRS 9).The combined net profit of registered ...

The Covid-19 infections that spread from the seafood market in Samut Sakhon are likely to ruin tourism sentiment, hobbling domestic trips to 95 million this year, says the Tourism Authority of Thailand (TAT).TAT governor Yuthasak Supasorn said if there were no cases in Samut Sakhon, ...

The Digital Economy Promotion Agency (Depa) has vowed to increase the GDP of the country’s digital industry by 1% or 6 billion baht next year through various support programmes.The commitment was spelled out by Depa president and chief executive Nuttapon Nimmanphatcharin in a recent press ...