Economy and commerce
Big stimulus borrowing could spur yield-curve control
Thailand’s 1 trillion baht borrowing programme for economic stimulus could spur central bank steps to keep a lid on bond yields.The government is set to start raising money as early as May, stoking questions about the outlook for bonds. A plausible scenario is that the ...
IMF: Thai GDP down 6.7%
The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus.Despite this, the IMF ...
Oranan Paweewun
Index at 33-month low point
Business sentiment plunged to a 33-month low in March as the sector worried that the escalating coronavirus outbreak would drag the country’s economy into a deeper contraction than Thailand saw during the 1997 financial crisis.The University of the Thai Chamber of Commerce (UTCC) reported today ...
Phusadee Arunmas
Trillion-baht public-private investment projects planned
Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head ...
Registration of businesses goes online to cut virus risk
The Department of Business Development is shifting business certification and juristic person registration services online to reduce the risk of Covid-19 infection, according to its director-general, Vuttikrai Leewiraphan.“To comply with the government’s work-from-home policy and to promote social distancing, the Department of Business Development has ...
The Nation Reporter
Economy could lose over B1.3tr if virus crisis goes beyond Q2
The Thai economy is expected to lose 1.3 trillion baht, almost all of it in the tourist sector, due to the initial impact of the coronavirus pandemic, a banking association said on Tuesday.“But if the outbreak cannot be controlled within the current quarter, the impact ...
Govt economic stimuli, rising crude oil prices help SET bounce back
The Stock Exchange of Thailand (SET) Index closed at 1,236.78 on Monday (April 13) marking an increase of 8.75 points or 0.71 per cent.Transactions were worth a total of Bt49.474 billion with an index high of 1,237.23 and a low of 1,220.00.A stock analyst at ...
The Nation Reporter
Covid-19 stimulus may sink economy
It is undeniable the Covid-19 outbreak is wreaking havoc on economies worldwide. To lessen the pain on their citizens and prevent economic free-fall into the recession trap, most governments are rolling out stimulus packages, typically consisting of cash handouts, wage compensation and concessional loans.Keep reading ...
Chartchai Parasuk
Agency sees -1% inflation
Thailand’s inflation rate may be as low as -1% this year as the escalating spread of Covid-19 has weakened overall domestic demand.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the planning unit of the Commerce Ministry, said a -1% inflation rate would be ...
Phusadee Arunmas
Consumer prices drop 0.54% y/y in March, most in over 4 years
Thailand’s headline consumer price index (CPI) dropped 0.54% in March from a year earlier, the weakest in 51 months, but slightly better than expectations, commerce ministry data showed on Tuesday.The reading compared with a forecast decline of 0.60% in a Reuters poll, and with February’s ...
