Economy and commerce
BoT not reacting to Fed rate cut
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 ...
Somruedi Banchongduang
Thai government planning more economic stimulus packages
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 ...
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
