Economy and commerce
Finance Ministry to launch Bt50 billion savings bonds
The Finance Ministry will raise Bt50 billion from sale of savings bonds to mitigate the Covid-19 impact on the economy and society. The bonds will be on sale from May 14 to June 10 this year.Finance Minister Uttama Savanayana said that saving bonds were one ...
The Nation Reporter
Economic rehab plan en route
A 400-billion-baht borrowing plan intended for economic and social rehabilitation after the pandemic to strengthen the domestic economy will be added to the cabinet’s agenda next week, with the first batch expected to be doled out later this month.Rehabilitating the farming sector is crucial to ...
Wichit Chantanusornsiri
Business groups see GDP contracting 3%-5% this year
Thailand’s economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations said on Thursday.The group also cut its forecast for 2020 exports, a key ...
Thai Chamber of Commerce mulls CPTPP
The Thai Chamber of Commerce is pondering whether to back a controversial proposal to have Thailand join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost international trade in the aftermath of Covid-19.The trade agreement involving a newly formed bloc of 11 Pacific ...
Phusadee Arunmas
Cross-border movement down 7.6%
Thailand’s cross-border trade fell by 7.6% year-on-year in the first quarter as the coronavirus hit the global economy and led bordering countries to close dozens of checkpoints.The Foreign Trade Department on Tuesday said the country’s overall cross-border trade, including transit trade, totalled 264.97 billion baht ...
Phusadee Arunmas
April consumer prices dive
The consumer price index (CPI), a gauge of headline inflation, fell 2.99% year-on-year in April, the biggest decline in 10 years and nine months.The major contributions came from energy prices, which saw the biggest drop in 11 years and two months, and discount goods and ...
Phusadee Arunmas
FTI readies coronavirus recovery plan
The Federation of Thai Industries (FTI) has prepared a recovery plan to boost the grassroots economy and rebuild industry through a local economy scheme to cope with the coronavirus outbreak.The economic recovery plan aims to help businesses move towards high-value-added products and sustainable growth in ...
Lamonphet Apisitniran
BoT outlines possible recovery paths
The economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank.The V- or U-shaped recovery mainly depends on foreign tourist arrivals and the ...
Somruedi Banchongduang
Central bank paints grim economic picture
The economy contracted at an accelerated pace in March due to Covid-19 measures, with sharp drops reported in almost all areas, according to the Bank of Thailand.Inflation fell into negative territory for the first time since June 2017, said Don Nakornthab, senior director of the ...
Bangkok Post Reporter
Guidelines on community-level spending to be ready mid-May
The committee supervising government expenditure will come up with guidelines on community-level economic activities within May, Deputy Prime Minister Somkid Jatusripitak said on Thursday (April 30).He explained that Bt600 billion of the Bt1-trillion loan taken by the Finance Ministry will be used for cash handouts ...
The Nation Reporter
