Business News form Siam News Network
The coronavirus pandemic and the resulting social distancing phenomena are likely to spur banks across south-east Asia to accelerate their digital transformation strategies, with laggards likely to suffer swifter franchise deterioration as customer preferences and competition evolves more rapidly, says…
National Security Council has recommended extending the emergency decree until June 30, as the global situation is still worrying. Although Thailand has so far successfully controlled the spread of the coronavirus, a possible second-phase of Covid-19 disease following the easing…
Asian markets rose Monday as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the virus. Traders also looked past a warning from the head of the Federal…
BANGKOK(NNT) – Due to the impacts of COVID -19, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the Thai economy to contract 3-5 percent in 2020. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecast…
Regarding the government’s financial aid of 5,000 baht per farm household for three months, the Bank for Agriculture and Agricultural Cooperatives (BAAC) is now ready to transfer the cash subsidy to 10 million registered farmers, who have been affected by…
The coronavirus pandemic (COVID-19) has touched people from all walks of life. Across Thailand, children have been home from school, employees have been working from home, and business owners have struggled to remain viable. All of us have been learning…
Oil prices rallied Thursday, helping boost equity markets, on fresh tensions between the US and Iran, but investors continued to fret over the uncertain economic outlook despite the coronavirus pandemic showing signs of slowing. With devastation wrought on economies around…
Covid-19 crisis could be worse than the Global Financial Crisis, and Asia is not immune, says the IMF. While there is huge uncertainty about 2020 growth prospects, and even more so about the 2021 outlook, the impact of the coronavirus…
The inflation rate of the Thai economy has been reduced sharply by lower oil prices and a lesser demand for goods due to the COVID-19 pandemic. This situation has caused the March 2020 inflation rate to recede to 0.54 percent,…
Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the novel coronavirus (COVID-19) pandemic, before recovering in 2021, according to the Asian Development Outlook (ADO) 2020, the Asian Development Bank’s (ADB) annual flagship economic…