Economy and commerce

Thailand’s Retail Sentiment Index surged by 43 per cent in February compared to January, thanks to the government’s moves to ease Covid-related restrictions.The Thai Retailers Association and Bank of Thailand conducted an online survey from February 15 to 23 on over 27,000 retailers nationwide, the ...

More Thai consumers are focusing on their financial health during the Covid-19 pandemic compared to their Asean counterparts, the UOB Asean Consumer Sentiment study showed.The study found that three in four Thai consumers (72 per cent) want to manage their financial health, ahead of respondents ...

The Cabinet has approved a relaxation to a 95-year-old law determining the interest rate for loans whose rate has not been agreed upon, and overdue loans. This relaxation will give debtors better chances of paying back their loans.Keep watching ...

The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020.According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures ...

The Finance Ministry is in the process of designing the third phase of the co-payment subsidy scheme to maintain economic recovery momentum.The ministry is deliberating on the number of eligible recipients and monetary giveaway for each individual in the third phase, said Krisada Chinavicharana, permanent ...

Thailand should implement fiscal stimulus to overcome the Covid-19 crisis, without being concerned about the possibility of the public debt-to-GDP ratio overshooting the 60% ceiling, says former UN Conference on Trade and Development secretary-general Supachai Panitchpakdi.Most countries around the world, both developed and developing economies, ...

The Finance Ministry is preparing to seek the Cabinet’s approval for additional funding for the Rao Chana (We Win) scheme following the better than expected number of registrants.Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million ...

Real investment in the government’s Eastern Economic Corridor (EEC) is estimated to reach 400 billion baht this year, driven largely by private investment and key infrastructure development projects.Of the total, 300 billion baht is expected to be generated by private investment, while 100 billion would ...

Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, ...

The Eastern Economic Corridor (EEC) has expected investment to triple to 300 billion baht this year as investment projects previously held by the coronavirus outbreak get pushed forward again.EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion ...