Bangkok Post
Govt plans more stimulus, monetary policy flexibility
The government on Friday unveiled plans for fresh government stimulus as well as rule changes to improve monetary policy flexibility, stepping up efforts to cushion the blow from the novel coronavirus outbreak.The latest stimulus would be funded by new borrowing and reallocation of the existing ...
Pandemic fund to draw from ministries' budgets
The government is set to appropriate 10% of the fiscal 2020 budgets of each ministry for a central fund to fight the pandemic and rehabilitate the economy.The plan is part of a third round of government measures to stem the impact of the outbreak. These ...
Bangkok Post Reporter
BoT says GDP to shrink until next year
The economy is expected to contract every quarter this year, with the nadir in the second quarter, according to a senior official at the Bank of Thailand.The contraction should narrow in the third and fourth quarters before turning around next year, said Don Nakornthab, senior ...
Somruedi Banchongduang
Confidence index drops to nine-year low
The tourism confidence index plunged to the lowest level in nine years, though the industry is optimistic about the final quarter of 2020, which could lead to a total of 26.6 million international arrivals this year, according to the Tourism Council of Thailand (TCT).The survey ...
Dusida Worrachaddejchai
Mobile users get 10GB perk from April 10
Mobile users can register for 10 free gigabytes of data usage, starting from April 10, as part of a public assistance scheme during the Covid-19 crisis, according to the National Broadcasting and Telecommunications Commission (NBTC).They have to dial *170*, followed by the 13 digits of ...
Komsan Tortermvasana
Finance Ministry readies phase 3 of virus welfare
The Finance Ministry is preparing the third phase of the government’s Covid-19 relief package to support people, small-and-medium enterprises and financial institutions as the country grapples with the virus crisis.Finance Minister Uttama Savanayana said on Monday the third-phase package will be larger than the first- ...
Wichit Chantanusornsiri
90% cut in travel targeted
The government has come up with a goal to cut public journeys by as much as 90% in order to “flatten the curve” of new coronavirus infections.The plan was proposed by army chief Gen Apirat Kongsomgpong at Monday’s meeting of the Centre for Covid-19 Situation ...
Bangkok Post Reporter
Labour rights advocates call for debt relief
Labour rights advocates have called for a debt moratorium at financial institutions as another state measure to relieve the economic impact on informal workers caused by anti-Covid-19 measures.While the 5,000 baht to be given to eligible workers for three months allows them to have some ...
Penchan Charoensuthipan
Industry Ministry to suspend small firms' debts
The Industry Ministry plans to roll out rescue measures by suspending debt payments for 6-12 months for small community enterprises for several industries affected by the Covid-19 outbreak.The measure covers businesses in food, drinks, herbs, jewellery, souvenirs and clothing. Local producers can apply for debt ...
Lamonphet Apisitniran
20m register for financial aid
Almost 20 million people registered for Covid-19 financial aid in less than 48 hours, almost seven times the number estimated by authorities.Some 19.8 million have registered as of 2pm on Monday, the Finance Ministry announced on its Facebook. Keep reading ...
Bangkok Post Reporter
