BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…
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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…
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Thailand needs to develop its human resources, improve the quality of its education, and get serious about addressing the inequality gap, says economist, Dr. Somjai Phagaphasvivat. He said that dealing…
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Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….
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As the political turmoil continues to wreak havoc in Myanmar, the economy has plunged into an even deeper recession. By September 29th, the exchange rate was 3,000 Kyat to the…
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Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…
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World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…
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The government has started to ease some lockdown restrictions from September 1. Department stores have been allowed to reopen most of their services after being closed for a month. Restaurants…
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The joint committee of Thailand’s three private sector organizations has told the government not to re-impose lockdown restrictions, but to accelerate vaccinations to cover 70% of the country’s population before…
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Financial misery has engulfed both individuals and small businesses as a result of the economic fallout from the coronavirus pandemic and the lockdowns and restrictions that have accompanied it. SMEs,…
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The world’s employment levels will not return to pre-COVID-19 levels until at least 2023, the Organisation for Co-operation and Economic Development (OECD) said on Wednesday (July 7) as it unveiled…
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Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….
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New Zealand’s economy posted better-than-expected growth of 1.6 percent in the first quarter of 2021, official data showed Thursday, with analysts saying activity was back at pre-coronavirus levels. The expansion…
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Thailand’s consumer confidence index (CCI) for the month of May plunged to its lowest point in 22 years and eight months, due to impacts from the third wave of the…
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The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the…
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First, it was China’s “comfortable survival”. Then, it was the intriguing question of whether or how much states should “provide” or “facilitate” vaccination. Now, it’s the anger and disbelief following…
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Thailand’s economic outlook is bleak, with the daily COVID-19 caseload hitting four figures following mid-April’s Songkran holiday. The economy shrank 2.6 percent year on year in the first quarter, according…
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Thai politicians and academics are showing a growing interest in China’s experience in poverty reduction. Leaders of the ruling Palang Pracharath Party recently met with their Chinese Communist Party (CCP)…
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COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…
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A hotel in Thailand’s Sukhothai province, the business of which has suffered due to the COVID-19 pandemic, has remodeled itself into an outdoor barbecue restaurant, with large model dinosaurs. The…
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The cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…
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Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week’s attack on the U.S. Capitol….
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COVID-19 can be blamed for pushing Thai household debt to its highest level in 12 years, around 480,000 baht per household, said The University of the Thai Chamber of Commerce…
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Thailand’s Tourism Council is calling for the government to help revive the industry urgently, grant long-term debt moratoria, and cut power bills for a year. Vice president of the council,…
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China’s custom authorities are imposing more stringent COVID-19 testing measures on imports, and there has been a big impact on Thai produce as some Chinese companies have not yet placed…
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Singapore’s economy suffered its worst ever annual contraction in 2020 as the coronavirus pandemic hammered the city-state’s vital trade and tourism sectors, official data showed Monday. But the 5.8 percent…
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The Thai economy is not bad, just slowing down, said Deputy Prime Minister Somkid Jatusripitak today as he urged the private sector to join hands to drive the economy. Addressing…
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Most poll respondents do not believe that Thailand’s economy will improve if the Constitution is amended because they are unrelated issues. Meanwhile, some insist that economic improvement rests with the…
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