Economy and commerce

A new stimulus package to alleviate the impact of the coronavirus crisis will be worth more than 500 billion baht, the finance minister said on Monday.It has already introduced two packages, the first to inject 400 billion baht into the economy and the second, worth ...

The government is mulling an emergency decree to enable it to borrow more money to support the economy over the next two to three months.The Finance Ministry has been asked to work on a “big” stimulus package, Deputy Prime Minister Somkid Jatusripitak said on Friday ...

The Bank of Thailand kept its policy rate unchanged on Wednesday after last Friday’s unscheduled rate cut of 25 basis points, while trimming its economic growth forecast for 2020 to a 5.3% contraction.The Monetary Policy Committee (MPC) voted 4-2 to hold the policy rate at ...

Thailand’s central bank said it has expanded the scope of a facility set up to provide liquidity to mutual funds and it will now encompass all types of money market funds as well as daily fixed income funds.The central bank is ready to consider additional ...

Despite exports falling in February and the stampede of negative factors that have ensued, the Commerce Ministry still sees room for Thai export growth this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said Thailand is competent in the food and agricultural industries ...

Dialogue partners remain committed to signing the Regional Comprehensive Economic Partnership (RCEP) by the end of the year as scheduled despite the spreading coronavirus, which has put off most face-to-face meetings of Asean, the World Trade Organization, the Asia-Pacific Economic Cooperation and the RCEP in ...

Fresh stimulus measures announced by governments and central banks hiked the value of stocks in Thailand by almost 8 per cent on Friday (March 20).Cheered further by the rebounding crude oil price, the Stock Exchange of Thailand (SET) index closed at 1,127.24 for an increase ...

Land transport from Thailand is expected to drop sharply this year.The Land Transport Federation of Thailand (LTFT) expects shipments overland to continue to drop because of the Covid-19 outbreak limiting demand worldwide.The organisation is concerned food exports will be particularly affected as food products and ...

The Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero.Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact ...

Economists have urged the government to expand the fiscal deficit to up to 600 billion baht, while more stimulus packages are hopefully on course to counter the impact of the Covid-19 outbreak in Thailand.Secretary to the Council of Economic Ministers, Kobsak Pootrakool, says that the ...