Economy and industry

Thailand saw its fuel consumption decline by 1.7% to an average of 136 million litres per day during the first half of this year, largely attributed to the third wave of Covid-19, says the Department of Energy Business.Average fuel consumption stood at 138 million litres ...

The Bank of Thailand (BoT) held its key interest rate unchanged and cut its economic forecast a day after lockdown-like measures were extended to more of the country, with two dissenting members saying rates should be lowered even further.The BoT’s Monetary Policy Committee voted four ...

Wooing back tourists to Koh Samui comes attached with the danger of a Covid-19 infection flare-up which could deliver the island’s much-hyped sandbox programme a knock-out blow.The discovery last week of more than 50 Covid-19 cases on the island confirmed the island’s worst fears. However, ...

Thailand’s Finance Ministry has slashed its 2021 economic growth forecast to 1.3%, from 2.3%, the third such revision this year, as Thailand fights its biggest COVID-19 outbreak to date.Fiscal Policy Office Director-General Kulaya Tantitemit said the current outbreak is impacting economic activity and the expected ...

The Tourism Authority of Thailand (TAT) believes that an extended lockdown period will be a blow to this year’s revenue target for the tourism sector.More restrictions will bring Thai tourism sector to its knees, laments TATTAT governor Yuthasak Supasorn said the current Covid-19 situation will ...

Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...

Soaring Covid-19 infections spreading into the industrial sector could lead to scarcity of domestic goods, hurting consumers already smarting from weaker purchasing power, warns the Federation of Thai Industries (FTI).The FTI raised the alarm after earlier warning about the impact on the export sector if ...

The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn ...

The Thai economy in June continued to feel the impact of Covid-19, Fiscal Policy Office (FPO) revealed on Wednesday.The impact was reflected in the slowdown in private spending, especially private investment. However, exports continued to expand at a high rate, the FPO added.Private consumption indicators ...

Thailand’s border and transit trade in June surged 41.68 per cent from same period last year, the Commerce Ministry reported on Wednesday. Total border-transit trade last month was worth 146.094 billion baht.Trade with four neighbouring countries was topped by Malaysia with a rise of 15.33 ...