Main
Central bank defends decision to stop banks from paying dividends and suspension of share buybacks
The Bank of Thailand (BOT) said on Saturday that its decision to stop banks from paying interim dividends for the first half of 2020 and suspend share buybacks is because they wanted to protect the country’s financial system.Veerathai Santiprabhob,...
Main
Head of CIMB Thai resigns; says now is time to hand reins to a new generation of leaders
The head of CIMB Thailand, Adisorn Sermchaiwong, resigned from the Bank on Friday and will leave the company by September, the bank told investors in a statement.Adisorn, who currently serves as CIMB's director, president and chief executive officer,...
Covid-19
Taiwan, New Zealand, Australia and Japan among countries considered for ‘travel bubble’
Thailand's government is considering several countries that have successfully fought back against the coronavirus pandemic for a 'travel bubble' agreement, sources told Thai Enquirer on Thursday.Among the countries being considered for a travel ban lift are Taiwan, New...
Main
Real estate market to pick up in second half of 2020
The coronavirus pandemic has led to a drop in the demand for housing but experts say that sentiment is likely to rise in the second half of 2020.The Real Estate Information Center’s data show that there were over...
Covid-19
Thai blue-chip and legacy stocks face an unprecedented crisis in 2020
As the economic ramifications of the coronavirus emergency continue to reveal itself around the world, blue-chip and legacy companies in Thailand have not been spared by the far-reaching pandemic.Retail, hospitality, manufacturing, industry, it seems virtually every major sector of...
Main
Representatives from the private sector urge the government to join CPTPP negotiations despite opposition from the public
Analysts and economic groups told Thai Enquirer this week that the Thai government should join formal negotiations on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in August. “We should enter the negotiation,” an economist and independent analyst Somchai...
Main
Economic body says that Thailand’s economy has already bottomed out
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said this week that the Thai economy has reached its bottom in the second quarter and is on its way to recovery.Exports, manufacturing, domestic consumption and private investment...
Main
Thai Airways enters into talks with creditors to prevent asset seizure
Thai Airways are entering into negotiations with creditors to avoid potential roadblocks when the company enters the bankruptcy court in August, officials said Tuesday.According to Deputy Prime Minister Wissanu Krea-Ngam, the company are currently holding talks with...
Main
World Bank sees a contraction of 5 per cent for Thailand in 2020; local think-tank sees worse
The World Bank said on Tuesday that the global economy will contract by 5.2 per cent in 2020, representing the deepest recession since World War II. After last week's report that 60 million people could be pushed into extreme poverty...
Main
NESDC to begin disbursement of stimulus for job creation in July
The National Economic and Social Development Council (NESDC) said on Monday that most of the 400 billion baht budget to stimulate the economy will be used for job creation and skill development.They also said the disbursement for the projects,...
