Economy and industry

The Thai economy is likely set for a U-shaped recovery and a return to pre-pandemic growth levels in two years, according to the Siam Commercial Bank’s Economic Intelligence Center (EIC).GDP growth would show pre-coronavirus levels by early 2022, said Yunyong Thaicharoen, chief economist of the ...

The baht will trade next week (June 8 to 12) at around Bt31.30 to Bt31.70 to the US dollar, and important factors worth monitoring are the Fed meeting and dot plots, and estimation of US economic numbers, according to Kasikornbank.Important economic numbers, such as consumer ...

The government should include 24 million informal workers in its 400 billion baht economic recovery plan for alleviating the economic impact of Covid-19, a recent seminar was told.Conducted online, the seminar on the impact of Covid-19 on informal workers was organised by Wichaya Komin, a ...

The Ministry of Transport has allowed all public transport, such as buses, trains and planes to resume to meet the people’s demand for travel, except to some provinces that had not ended the lockdown measures.Anon Luangboriboon, the ministry’s deputy permanent secretary, said that the move ...

Thailand will draw up a stimulus plan for domestic tourism to be rolled out for four months starting in July, a senior official said on Thursday, as the country seeks to revive a sector hit badly by the global impacts of the coronavirus.The Tourism Authority ...

Investor confidence in Thailand’s financial markets over the next three months has hit its highest level this year, helped by the sooner-than-expected easing of a coronavirus lockdown, a capital market association said on Tuesday.The Federation of Thai Capital Market Organisations said its May survey showed ...

Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods.The proportion of food- and agricultural-related exports to total shipments jumped to ...

The Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control.The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana.The measures call for specialised financial institutions including ...

State-run Electricity Generating Authority of Thailand (Egat) plans to discuss the possibility of delaying the commercial operation dates (COD) of small power producer (SPP) plants.The SPPs currently under development by private firms in Thailand have a total capacity of 8,765 megawatts and the firms have ...

The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term inflows just as the currency rose again today (June 1).Deputy governor Mathee Supapongse said today that the baht has ...