predictions

  • Economy

    Post-Omicron, Asian economies accelerate into recovery mode

    Across most of South East and Eastern Asia, Covid is now on a sharp retreat, some 2 – 3 months after similar surges and drops in the US, UK and Europe. Except for 3 countries, Japan, China and Thailand, where the daily numbers, fuelled by Omicron variants, are still climbing. These same 3 countries have been among the most risk-averse…

  • Economy

    Labour minister says unemployment less than half of predictions

    Thailand’s labour minister told a Friday press briefing that the number of unemployed people in Thailand is around 2 to 3 million, less than half the 7 to 8 million previously predicted. He said that since The National Economic and Social Development Council did the calculation, “it cannot be wrong… as the latter is Thailand’s economic planner”. Given the gravities…

  • Coronavirus (Covid-19)

    No tourists until 2021 – Thailand shuns travel bubbles and general travel

    Thailand is currently caught in a number of quandaries that will continue to threaten the economy and stability of the country. Meanwhile the borders remain largely sealed, with the prospect of general tourist travel being pushed forward until at least 2021. There have been a number of official comments to support the prediction that Thailand’s borders will remain closed to…

  • Coronavirus (Covid-19)

    Thailand’s international borders not re-opening for tourists until 2021 – TAT

    Thailand is unlikely to reopen its borders to international tourists before the end of the year – the prediction from a deputy governor of the Tourism Authority of Thailand. Speaking at yet another webinar, this time hosted by Mekong Tourism and TravelMole, the deputy governor for international marketing at TAT, Chattan Kunjara Na Ayudhya, noted that there has been “no…

  • World

    Doomsday comes and goes

    Apparently doomsday has proven itself to be a hoax after it has came and went yesterday. The Mayan Calendar predicted June 21 as the day that the world would come to an end, and obviously we are all still here. But many are increasingly following such theories after the coronavirus has some saying that there will be a new world…

  • Coronavirus (Covid-19)

    Thailand’s GDP to contract up to 5% for 2020 – business thinktank

    Thailand’s GDP is expected to contract between 3-5% for 2020, and exports by up to 10%. The predictions from Suphan Mongkolsuthee, president of the Federation of Thai Industries and chairman of the private sector joint committee. He also believes that the Thai economy has probably reached its ‘low point’ and will start recovering from now. He said that, as the…

  • Indonesia

    Indonesia now leads SE Asia in Covid-19 cases

    Indonesia is now leading the region with the highest number of Covid-19 cases. 407 new coronavirus cases were announced yesterday, taking the total of reported infections to 5,923, passing the Philippines as the country with the highest number of cases in Southeast Asia. At the start of April Indonesia had only reported 1,677 cases leaving epidemiologists to ponder how the…

  • Economy

    The baht keeps surging – and other predictions for the Thai economy in 2020

    The last time the Thai baht’s value against theUSD touched 29 baht/US dollar was back in 2013. But the currency appreciation situation was quite different then. Today it’s floating around 30 baht in its 22nd year as a floating international currency. How will all that affect the Thai economy in 2020? Now the strong baht is a result of the…

  • Economy

    Thailand’s August exports fall further than expected

    Some more lumpy economic news for Thialand as the focus is on the monthly customs clearances to provide a compass for the country’s economy. Customs-cleared exports dropped in August 4% compared to the same month a year earlier. Exports unexpectedly rose in July, according to the commerce ministry today. The decline in August has shown itself to be greater than…