Kasikorn Research Centre sets flood-induced economic damage at 7–17 billion baht
KASIKORN Research Centre’s analysis estimates that the economic impact of floods arising from continuous rainfall from Friday to Sunday (Sep. 25-27) is approximately 7–17 billion baht while risks associated with natural disasters and extreme weather, which are becoming increasingly frequent and severe, pose a significant structural challenge to the Thai economy, Naewna newspaper said […]
Read MoreFishing boats may stop operating at month’s end: Industry leaders warn
THE OIL crisis has so badly hit the fishing industry that leaders of this sector in Samut Sakhon province, better known as Mahachai, today (March 23) warned that fishing boats may cease operation nationwide at the end of this month leading to hundreds of thousands of job losses unless the government reins in soaring […]
Read MoreMerchants seen insisting of cash payment as account freezing spreads
WITH the freezing of bank accounts spreading amid a crackdown on mule accounts, several fearful merchants have stopped accepting digital financial payments and insist on cash only, Naewna said this afternoon (Sep. 14). Ordinary people are beginning to withdraw cash from their accounts as they fear a sudden freezing, a Thai-named Facebook page that […]
Read MoreMinimal impact on Thailand from collapse of 2 US banks
FINANCE Minister Arkhom Termpittayapaisith said the collapse of two US banks, Signature and Silicon Valley Bank, has little impact on Thailand as there were no transactions nor investments in them, Matichon newspaper said today (Mar. 13). US regulators closed New York-based Signature Bank on Sunday, the third largest failure in US banking history, two […]
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