Home / 2020 / March

Monthly Archives: March 2020

UTCC: 2020 exports may fall B500bn

Thailand’s exports are likely to shrink by as much as 500 billion baht this year due to the Covid-19 pandemic, trade wars and the US-Iran conflict, leading the country’s outbound shipments to contract by 7%, the worst showing in 10 years, according to a university study. Source: Business

Read More »

GSB looks into handout account opening plans

State-owned Government Savings Bank (GSB) is in discussions with the Bank of Thailand, the Thai Bankers’ Association and other specialised financial institutions (SFIs) regarding giving people the ability to request new bank account numbers online by linking citizen IDs to the accounts for identity authentication. Source: Business

Read More »

Panel to meet next week on crisis impact

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will discuss the coronavirus pandemic’s effect on GDP and exports next week, as the nation braces for an estimated 5.3% GDP contraction and 8.5-10% drop in exports this year. Source: Business

Read More »

New additions bring GI list to 120 items

The government yesterday added pha mor hom phrae (mauhom fabric based in Phrae province) and hom thong pa thum bananas to the country’s geographical indication (GI) list, a move to generate income for communities. Source: Business

Read More »

Confidence index drops to nine-year low

The tourism confidence index plunged to the lowest level in nine years, though the industry is optimistic about the final quarter of 2020, which could lead to a total of 26.6 million international arrivals this year, according to the Tourism Council of Thailand (TCT). Source: Business

Read More »