Economy and commerce
Bank of Thailand: Beware baht volatility [Video]
Ahead of the March 25 Monetary Policy Committee meeting, central bank governor Veerathai Santiprabhob discusses the need to “act early” with previous monetary policy easing and warns the foreign exchange rate will continue to be highly volatile against the backdrop of the Covid-19 outbreak. Keep watching ...
Bangkok Post Reporter
Thai economic outlook among Asia’s weakest
Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks.The steps to be considered Monday include placing more curbs on foreign arrivals, cancelling events with big crowds and closing ...
SCB warns of recession sparked by virus epidemic
Siam Commercial Bank’s Economic Intelligence Centre (EIC) has warned Thailand is on course for a technical recession in the first half of the year as the centre cuts its 2020 GDP forecast for the country to -0.3% from the previous 1.8% due to the increasing ...
Bangkok Post Reporter
Economic managers seek to contain long-term fallout of Covid-19 crisis
The fast-spreading new coronavirus (Covid-19) is posing as many challenges for economies as for public health.According to data on March 13, the total number of infected people worldwide exceeded 120,000, while the World Health Organisation (WHO) has declared the Covid-19 outbreak a global pandemic with ...
The Nation Reporter
Village Funds latest tool for spending push
The government looks set to allow Village Funds to pay 1,000-2,000 baht to 13 million members for fund-related activities nationwide to promote domestic spending.According to Rakpong Sengcharoen, head of the National Village and Urban Community Office, increased domestic spending will help offset somewhat the sharp ...
Chatrudee Theparat
Feb inflation slows, below forecast
The headline consumer price index (CPI) in February rose 0.74% from a year earlier, slowing from the previous month and below expectations, commerce ministry data showed on Thursday.A Reuters poll had forecast the headline CPI would rise 0.77% year-on-year in February after January’s 1.05% increase.Keep ...
Thai exports to China in some sectors defy Covid-19 impact
Thailand’s exports to China were able to grow in some industries such as plastic, automotive spare parts and agricultural products despite the outbreak of Covid-19, Suphan Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said.He was speaking after a meeting with Li Zhigang, vice-chairman ...
The Nation Reporter
Suspension of GSP to affect exports of 573 Thai products
The US suspension of tariff privileges under the Generalised System of Preferences (GSP), which comes into effect on April 25, will affect 573 Thai products, a Cabinet meeting on March 3 was told, Deputy Government Spokeswoman Rachada Thanadirek said.The businesses in the listed products will ...
The Nation Reporter
Finance Ministry to table first set of relief measures on Friday
The Finance Ministry will propose to the Council of Economic Ministers on Friday a plan to hand out Bt1,000 each to around 10 million low-income earners as part of its first relief package to mitigate the economic impact of the Covid-19 outbreak.Minister Uttama Savanayana said ...
The Nation Reporter
Crisis has markets pleading for stability support
A panic-selling spree ignited by mounting coronavirus infections across the globe caused another free fall for Thailand’s stock market, prompting consultants to urge the Finance Ministry to rethink expired tax deduction privileges for long-term equity funds (LTFs) and help stabilise market conditions.Keep reading ...
Bangkok Post Reporter
