Market Watch
China’s GDP contract by 6.5 per cent in the first quarter
The Chinese economy has contracted by 6.8 per cent in the first quarter of 2020, the first quarterly decline since 1992, announced the National Bureau of Statistics of China.Reuters’ pool of 57 analysts expect a contraction of 6.5 per...
Market Watch
Market Watch: US announces plan to reopen, sends US and Asian stocks up
The United States unveiled its 18-page plan for “Opening Up America Again” on Thursday, sending US and Asian stock futures up.Asian bourses traded up by around 2 per cent on Friday morning, in line with US shares. Japan’s Nikkei...
Market Watch
NBTC strikes deal with telecoms providers to lower phone bills
The National Broadcasting and Telecommunications Commission (NBTC) is seeking to lower the phone bills by up to 30 per cent as people struggle to keep up with finances due to the coronavirus outbreak.The NBTC had earlier provided 10...
Market Watch
Ad spending still expanding in the first quarter; but only barely
Nielsen Company Thailand said on Thursday that the country’s spending on media has increased by 1 per cent year-on-year in the first quarter of 2020. The total spending reached 28.69 billion baht in the period between January and March. Spending...
Main
Thai government to open online appeals channel for those deemed ineligible for coronavirus relief handout
The Thai government said on Thursday that it will now allow people who believe they have been wrongly discarded from the government’s 5,000 baht cash handout scheme to file for an appeal online.The government had pledged to provide the...
Market Watch
Market Watch: SET facing external pressures and sales for profit
The Stock Exchange of Thailand (SET) faces continued pressure as US shares and oil prices drop on Thursday.Dow Jones dropped by 1.9 per cent and S&P 500 fell 2.2 per cent, making it their worst day since April 1....
Market Watch
Government Savings Bank website crashes as 4 million people register for low-interest loans
Wednesday marks the first day the Government Savings Bank (GSB) is allowing people from the informal sector to register on their website for cheap credit.The loans can be between 10,000 baht with 0.01 per cent interest rates for 24...
Main
Time spent on WiFi increasing in Asia
Smartphone users in Asia are spending more time connected to the Wifi as lockdown measures are being implemented throughout the region to reduce the spread of coronavirus infection.According to Opensignal, a mobile analytics company, there was a large week-on-week...
Main
The impact from the coronavirus outbreak could cost Thailand 1.3 trillion baht in economic damage
Thai Bankers' Association (TBA) said the outbreak of the coronavirus could cost the Thai economy 1.3 trillion baht or 7.7 per cent of the gross domestic product. Revenues from tourism will be hit the hardest with a loss of...
Market Watch
Market Watch: SET hit with drop in oil prices and IMF predictions
Brokers expect the Stock Exchange of Thailand (SET) to continue to fluctuate on Wednesday with added pressures from oil prices and the International Monetary Fund (IMF)’s latest GDP predictions.The international benchmark, Brent crude, fell more than 5 per cent...
