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FTI warns of supply side disruption
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Covid cases impede industrial output
published : 29 Jul 2021 at 06:33
6 A large group of workers rally at a garment factory in Pak Kret district of Nonthaburi on June 29, 2021 after the management refused to suspend operations for cleaning following confirmation that at least 72 workers there had contracted Covid-19. (Photo: Pornprom Satrabhaya)
Soaring Covid-19 infections spreading into the industrial sector could lead to scarcity of domestic goods, hurting consumers already smarting from weaker purchasing power, warns the Federation of Thai Industries (FTI).
The FTI raised the alarm after earlier warning about the impact on the export sector if the virus continues to cause more infections among factory workers.
Supplies of oxygen ample, says Suriya
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published : 27 Jul 2021 at 08:04
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Industry Minister Suriya Jungrungreangkit has given assurances that oxygen supplies for Covid-19 sufferers will not run short with production capacity in excess of 1,800 tonnes a day more than enough to meet demand.
Mr Suriya was addressing public concerns as figures showed daily cases continuing to spiral on Monday.
He said he had instructed the Department of Industrial Works (DIW) to ask the Federation of Thai Industries, the Siam Industrial Gases Association, gas filling plants and manufacturers of gas cylinders about their production capacity. I have realised that people are concerned about the situation. I can assure you that there is no need to worry because the producers have confirmed that the capacity of each factory is enough to meet people s needs, he said.
Firms continue to fret Firms continue to fret
While the economic impact of the pandemic creates havoc among the country s smaller businesses, there are mixed opinions on how larger firms and corporations are managing to cope
published : 26 Jul 2021 at 05:01
3 The once-vibrant Terminal 21 mall in central Bangkok is devoid of human activity following the recent raft of measures aimed at curbing the growing number of daily infections in the capital. Varuth Hirunyatheb
Thailand s economic risk is escalating as the country copes with its worst Covid-19 outbreak yet, with new infections exceeding 10,000 a day since July 17 and fatalities continuing to pile up.
All eyes on Fed next week as global shares steady
published : 24 Jul 2021 at 04:00
Recap: Global stocks had a volatile week before picking up on Friday. The MSCI World Index steadied after three days of gains. The market is looking ahead to next week s Federal Reserve meeting after the European Central Bank pledged on Thursday to continue with heavy stimulus spending. Emerging markets and Asian shares slid, pressured by coronavirus worries.
The SET index moved in a range of 1,530.62 and 1,563.88 points before closing yesterday at 1,545.10, down 1.86% from the previous week, in daily turnover averaging 72.51 billion baht.
Retail investors were net buyers of 8.22 billion baht and brokers bought 973.25 million. Foreign investors were net sellers of 6.2 billion and institutional investors sold 2.99 billion baht worth of shares.