Business News form Siam News Network
The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospect of a global financial shock…
All commercial banks in Thailand have pledged to offer special financial aid to customers and businesses affected directly or indirectly by the economic implications of COVID-19, ensuring sufficient cash for customers to make withdrawals at any time. The Thai Bankers’…
The impact of COVID-19 on the tourism sector in Thailand is apparent. The number of passengers using Suvarnabhumi Airport has declined sharply, as many countries have closed their borders and airlines have suspended flights. Airports of Thailand (AOT) and Suvarnabhumi…
Thai stock exchange nosedived on Thursday morning after the World Health Orghanization declared a global Covid-19 pandemic and the US banned the entry of travellers from mainland Europe. The Stock Exchange of Thailand (SET) index plunged more than 10% triggering…
The global spread of the COVID-19 disease is perceived by the private sector to be a significant setback for both the Thai and global economies. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced this year’s national…
According to the Press Release on the Economic and Monetary Conditions for January 2020 (Bank of Thailand), the Thai economy continued on a path of deceleration in January, contracting from the previous month in the value of merchandise exports excluding…
This year, the country’s economy is facing another big concern from the COVID-19 virus situation. With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just…
General Motors (GM) announced it will stop selling Chevrolet vehicles in Thailand and sell its Rayong plant to Great Wall Motors (GWM) by the end of this year. GM entered Thailand in 2000 with a vehicle assembly plant with an…
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement. For the rest of the world, the most immediate…
On New Year’s Eve, the Chinese government announced that it had discovered 27 cases of a new coronavirus in Wuhan, the most populous city in central China. A month later, there are now over 17,000 reported cases in 24 different countries and…