Economy and commerce

Thai economy hit by China’s zero-Covid policy, import restrictions: NESDC

China’s zero-Covid policy, agricultural import restrictions, and shift away from global dependence will hit Thailand’s economy, warned a government agency on Sunday.The National Economic and Social Development Council (NESDC) said it was monitoring China closely after the country imposed Covid-19 lockdown measures on Shanghai and ...

The Nation Reporter

Inflation rises in April

Thailand’s inflation rate saw a continuous increase in April, due to the rising fuel prices driven by the armed conflict in Ukraine. The Thai government’s trade policy office now expects the average inflation rate for the entire year to fall within the expected 4-5% margin.Continue ...

Co-payment scheme to be extended

The government has pledged to implement a fifth phase of the “Khon La Khrueng” co-payment subsidy scheme after Friday approving tourism stimulus packages to revitalise the embattled sector.According to Prime Minister Prayut Chan-o-cha, the government wants to extend the scheme and is studying the possibility ...

Bangkok Post Reporter

Growth outlook needs rejig

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.The ministry is worried the Russia-Ukraine war will affect its target for foreign ...

Wichit Chantanusornsiri

Bank of Thailand to keep steady policy hand as growth trumps inflation

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

TDRI warning over living cost measures

A researcher at the Thailand Development Research Institute (TDRI) says he supports some of the measures announced by the government on Tuesday to ease living costs, but notes that some could affect the social security system in the long run.This week the government announced a ...

Bangkok Post Reporter

Thai Finance Minister sees high oil prices, inflation as temporary

Thailand’s finance minister said on Thursday high oil prices and inflation should be temporary.The government has approved support measures in a bid to help ease the impact of oil prices and the higher cost of living, Arkhom Termpittayapaisith told a business seminar.Keep reading ...

Thai government expects at least 3per cent GDP growth this year

Thailand expects the economy to grow no less than 3per cent this year, helped by a raft of support measures to mitigate the impact of soaring oil prices, a government spokesman said on Wednesday.The measures, approved on Tuesday, would be worth at least 50 billion ...

Thai Feb exports rise 16.2per cent y/y, beat forecast

Thailand’s exports rose by a more than expected 16.2per cent in February from a year earlier on improved global demand while the Russia-Ukraine war had yet to affect trade, the commerce minister said on Thursday.That compares with a forecast for a rise of 10.2per cent ...

BOT predicts inflation fallout from Russia-Ukraine war

The Bank of Thailand (BOT) expects Russian banks’ removal from the Swift international transaction system to trigger a rise in inflation, volatility of the baht against the dollar and limited impacts on Thai trade and investment in Russia.“However, Thailand’s financial stability is still in good ...

The Nation Reporter

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