Thailand to sign contract tomorrow for COVID-19 vaccine from Oxford U. and AstraZeneca – PM

A contract will be signed tomorrow (Friday), between the Thai government and Oxford University – AstraZeneca, for the procurement of a COVID-19 vaccine for the Thai people, said Prime Minister…

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Thailand’s exports have bottomed out, gradually recovering

Compared to the same period last year, Thailand’s exports for the month of July dropped 11.37%, to US$18.8 billion, while imports fell 26.38%, to US$15.47 billion, according to Pimchanok Wornkhorporn,…

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Thailand’s GDP this year set to contract 7.8-7.3%, not 5-6% previously forecast

Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…

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Thai central bank cuts policy rate by 25 basis points to 0.50%

The Monetary Policy Committee (MPC) of the Bank of Thailand has cut the benchmark interest rate by 25 basis points, to a new record low of 0.50%, with immediate effect….

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A general view shows an empty street in Bangkok on April 3, 2020, ahead of a nationwide night curfew aimed at stemming the spread of the COVID-19 novel coronavirus. (Photo by Mladen ANTONOV / AFP)

Thai economy set bottom-out after Government reopens some businesses

The Thai economy has reached its low point, with the gross domestic product (GDP) forecast to contract by 3% to 5%, instead of 1.5-2% as originally estimated, and exports will…

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Thai exports to the US are forecast to contract by 9.2% this year

Thailand’s exports to US market are forecast to contract by as much as 9.2% this year, due to the COVID-19 pandemic in the United States and the GSP privilege removal…

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Signing of high-speed train contract to link 3 airports on October 25th – DPM

The State Railway of Thailand (SRT) and the Charoen Pokphand Group-led consortium are expected to sign a contract for the high-speed train project, linking Suvarnabhumi and Don Mueang international airports…

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Thai exports in 2019 to contract for the first time in four years

The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years. Dr. Aat Pisanwanich, Director…

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