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Spending to drop by B50bn a month
Consumer spending is expected to decline by up to 50 billion baht a month as a result of the new outbreak of Covid-19 which also threatens to cause a further drop in the Consumer Confidence Index over the next three months, says the University of ...
Phusadee Arunmas
Thai economy may grow less than forecast after new outbreak-c.bank
Thailand’s economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant.The tourism-reliant economy suffered the deepest slump in over two decades last year, ...
FTI gloomy over new outbreak
The new Covid-19 outbreak, which stunned Thai people with a new hardly controlled virus variant, continues to raise more concerns over economic health, adding fiscal-monetary burdens to the government, now likely to see GDP miss its target.The Federation of Thai Industry (FTI) on Thursday warned ...
Bangkok Post Reporter
Thailand’s subsidies are now the biggest threat to its fisheries
In recent weeks my newsfeeds have been abuzz with conversations, reviews and watch parties for the new Netflix documentary Seaspiracy. I have several issues with the film, notably on the distinction between commercial on small-scale fisheries, the debate on marine plastics campaigns, and several spurious ...
Thailand says Bangkok COVID-19 outbreak may take months to contain
A coronavirus outbreak in Thailand’s capital may take more than two months to control, a health official said on Thursday, as authorities announced a broad ban on nightlife to tackle a new wave of infections and a highly contagious variant.Authorities expect to arrest the outbreak ...
Lifestyle, virus push e-money trend
Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic.According to the Bank of Thailand, e-money spending value has continued to increase for the past five years.Keep reading ...
Somruedi Banchongduang
IMF boosts global growth forecast, warns of diverging rebound
The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies.The global economy will expand 6% this year, up from the 5.5% pace estimated in January, ...
Consumer confidence down on covid fears
Thailand’s Consumer Confidence Index in March fell to 48.5 points from 49.4 points in February over fears from a new wave of Covid-19 and political instability, a forecaster said Thursday.The University of the Thai Chamber of Commerce, which measures the index, said that economic growth ...
BoT minutes: Spike in long-term govt bonds had limited impact on economy
The Bank of Thailand felt that a spike in long-term government bond yields had only a limited impact on the economy when it decided to keep its key rate at a record low last month, meeting minutes showed on Wednesday.Long-term Thai bond yields moved in ...
PM slammed over clean air bill decision
The main opposition Pheu Thai Party has accused Prime Minister Prayut Chan-o-cha of preventing MPs discussing a clean air bill in parliament by having it declared finance-related legislation.Wattanarak Amnansoradet, chairman of Pheu Thai’s environment and natural resources committee, said it was a pity that Gen ...
Bangkok Post Reporter