Business

Fitch Ratings has affirmed Thailand’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook. Key rating drivers Thailand’s ratings are supported by robust external and public finances, which continue to provide buffers against downside risks amid a…

The Bangkok Metropolitan Administration (BMA) has announced the latest Order of the Temporary Closure of Premises (No. 32), allowing the following five types of venues in Bangkok to reopen from 14 June 2021. Museums, national museums, local museums and similar…

BANGKOK (NNT) – Commerce Minister Jurin Laksanavisit has called for the lifting of intellectual property protection on COVID-19 vaccines, during a virtual meeting with trade ministers from Asia Pacific Economic Cooperation (APEC) countries. He said Thailand supports compulsory licensing, which…

In April 2021, the Thai economy began to be affected by the third wave of the COVID-19 outbreak according to a report published by the Bank of Thailand. Private consumption indicators declined from the previous month in all spending categories.…

Climate change and related government policies expose Asia-Pacific banks to physical climate risks, as well as risks that stem from sudden changes in asset values as economic priorities shift, according to Moody’s Investors Service in a new report. New standards…

According to Ms. Suwannee Jatsadasak, Senior Director, Bank of Thailand, reported on the Thai banking system’s performance in the first quarter of 2021 that the Thai banking system remained resilient with high levels of capital fund, loan loss provision and…

The Bank of Thailand (BoT) slashed again Thailand’s economic growth forecast for 2021 for the second time this year targeting a mere 1 to 2% growth, depending mainly on the procurement and distribution of Covid-19 vaccines. The central bank’s previous…

BANGKOK (NNT) – The University of the Thai Chamber of Commerce (UTTC) said consumer confidence hit a record low in April, dropping to 46.0 from 48.5 in March, dented by a new wave of COVID-19 infections. UTTC president Thanavath Phonvichai…

Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will…

The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey. Hanoi saw a similar drop of 12 places to 81st place, based on an…