Economy and commerce
Bank of Thailand leaves policy rate unchanged
At a meeting on Wednesday, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 0.5 per cent to support economic recovery, while placing emphasis on more targeted measures, MPC secretary Titanun Mallikamas said.The committee believes that despite the ...
The Nation Reporter
Repayment progress in Q3
Borrowers showed improved debt-servicing ability in the third quarter, especially for numerous auto loan customers that exited from the Bank of Thailand’s debt relief measures.Commercial banks provided financial assistance to customers worth a total of 3.78 trillion baht from July to September, making up 26% ...
Somruedi Banchongduang
New trade agreement to help exports, tourism
Export and tourism-related stocks are likely to reap benefits from the new Regional Comprehensive Economic Partnership (RCEP) trade agreement, which includes 15 countries and was signed over the weekend at the 37th Asean Leadership Summit.The new deal creates the world’s largest free trade bloc, with ...
Bangkok Post Reporter
Thai economy contracts 6.4 per cent in third quarter
The economy shrank 6.4 per cent in the third quarter, the National Economic and Social Development Council (NESDC) said on Monday.The gross domestic product in the third quarter however was an improvement from the 12.1 per cent contraction in the second quarter, as a result ...
The Nation Reporter
Thailand signs RCEP agreement but PM warns of challenges ahead
Prime Minister General Prayut Chan-o-cha participated on Sunday in the 4th Regional Comprehensive Economic Partnership Summit (RCEP), which was one of the meetings in addition to the 37th Asean Summit through teleconference.The PM said he was very pleased that the meeting could conclude the outcome ...
The Nation Reporter
RCEP could hurt small farmers
An Asia-Pacific trade deal backed by China could hurt small scale farmers, cause more land conflicts, and leave workers in poorer nations without protection as they struggle to deal with the pandemic, human rights groups said on Friday.The Regional Comprehensive Economic Partnership (RCEP) — that ...
BOT urges banks to boost digital services
The Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group.She added that the central ...
The Nation Reporter
Govt asks central bank to manage soaring baht to aid exports
The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...
Internet economy on trajectory to $53bn value
Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.Thailand is projected to have the ...
Komsan Tortermvasana
Thai economy passed lowest point, to contract less than expected
Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said.“We can say that our lowest point was in the second quarter,” Danucha Pichayanan, head of the National Economic ...
