The Nation
Global issues and inflation put a damper on Thai economic recovery
The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short ...
The Nation Reporter
Omicron BA.5 the most infectious of all variants, respiratory expert warns
The Omicron BA.5 subvariant can spread faster than any other subvariants before it and can cause reinfections, Vichaiyut Hospital respiratory specialist Dr Manoon Leechawengongs warned on Wednesday.In a Facebook post, Manoon posted a screenshot of an article headline from the Fortune website titled “Move over, ...
The Nation Reporter
Thai economic recovery will be visible from Q3 onwards: UTCC
Thailand’s economic recovery from the Covid-19 fallout should become visible in third quarter of this year thanks to the influx of tourists sparked by the lifting of entry restrictions.“We estimate the gross domestic product [GDP] expansion for the year to be in the scope of ...
The Nation Reporter
Thailand’s key policy rate to stay at 0.50 per cent
The Monetary Policy Committee (MPC) has decided to keep the policy interest rate at 0.50 per cent per year.MPC secretary Piti Disyatat said on Wednesday after the meeting that four members voted to maintain the policy rate at 0.50 per cent while three members voted ...
The Nation Reporter
BOT backs budget bill in meeting with lawmakers’ panel
The Bank of Thailand (BOT) has told a committee of lawmakers to consider the fiscal 2023 budget bill as the country’s economy is showing steady improvement and the trend was likely to continue in 2023.The BOT cited major contributions to the economic recovery from increasing ...
The Nation Reporter
Government, BOT working closely to create cashless society
The government and the Bank of Thailand (BOT) are successfully moving the country towards a cashless society and digital economy, government deputy spokeswoman Ratchada Thanadirek said.Ratchada said on Monday that the government and the BOT have a significant role to play in this transition with ...
The Nation Reporter
Thailand loses big in global environment ranking
Lack of measures and government interest has pulled Thailand’s environment ranking down from 78 to 108 among 180 countries, an academic said citing a Yale University survey.Kasetsart University lecturer Witsanu Attavanich said on Sunday that Thailand has dropped eight points from 85 to 93 in ...
The Nation Reporter
Sharing private data without permission can cost up to THB5m in fines
Government and private organisations can face a fine of up to 5 million baht and/or a year in prison for violating the Personal Data Protection Act (PDPA), which goes into effect on Wednesday.Under PDPA, government and private sectors worldwide, including officials responsible for data administration ...
The Nation Reporter
Thai economy hit by China’s zero-Covid policy, import restrictions: NESDC
China’s zero-Covid policy, agricultural import restrictions, and shift away from global dependence will hit Thailand’s economy, warned a government agency on Sunday.The National Economic and Social Development Council (NESDC) said it was monitoring China closely after the country imposed Covid-19 lockdown measures on Shanghai and ...
The Nation Reporter
Thailand raises age of legal immunity from 10 to 12 years old
Thailand has raised the age of criminal responsibility to 12 years old unconditionally and to 15 years with conditions, under a legal amendment that took effect on Sunday.The 29th amendment to the Criminal Code replaces Section 73 and states: “Children under the age of 12 ...
The Nation Reporter
