Economy and industry

The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.BAM explained that financial institutions in 1997 had a low rate fund ...

The government is considering the idea of a land bridge project connecting the Andaman Sea and the Gulf of Thailand via Ranong and Chumphon provinces.Deputy government spokeswoman Traisuree Taisaranakul on Sunday told a press briefing that Prime Minister Prayut Chan-o-cha wants to improve infrastructure to ...

Assurance of a gradual economic recovery has been repeated by Thailand’s financial authorities using empirical evidence, but the reality on the ground reveals more pain in the near term.Despite signs of business activity re-emerging after strict lockdown measures were eased, the Covid-19 pandemic is challenging ...

Tourism could generate 1.5 trillion baht in revenue next year in the best-case scenario if market sentiment improves by April at the earliest, says the Tourism Authority of Thailand (TAT).Despite a resurgent pandemic, the TAT aims for Thailand to be among the top five tourism ...

Thailand’s economy is still expected to contract by 7%-9% this year although exports could shrink less than previously projected as the coronavirus pandemic remains a risk, a group of the country’s top business associations said on Wednesday.The group now predicts exports will drop 8%-10%, rather ...

Chit Su has been stuck at home peeling crabs with her grandmother since her school for Burmese migrants closed last year in southern Thailand. Even working together, they make less than a daily minimum wage.Ten such schools in Ranong province shut after an August 2019 ...

The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...

The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...

The Tourism Council of Thailand (TCT) has reported that the tourism operators’ confidence index increased from 37 points in the second quarter to 60 points in the third quarter, following the lifting of various COVID-19 restrictions.Keep watching ...

The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...