Bank of Thailand leaves policy rate unchanged at record low

The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a second straight meeting on Wednesday, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.The BoT’s Monetary Policy ...

SSO payments cut again to ease pain

Monthly social security contributions by employers and employees will be cut for the second time as a Covid-19 relief measure from September until November.Pissamai Nitipaiboon, deputy secretary-general of the Social Security Office (SSO), said the cabinet has approved the SSO board’s request for a reduced ...

Bangkok Post Reporter

'Safe and Sealed' plan brings hope for inbound tourism

Tourism operators are proposing a new inbound tourism plan, called Safe and Sealed, to replace travel bubbles and keep Thailand from realising a worst-case revenue scenario of 675 billion baht next year, down from 3.01 trillion baht in 2019.At Wednesday’s joint meeting of the Tourism ...

Narumon Kasemsuk

Rice strategy awaiting rejig

Commerce Minister Jurin Laksanawisit pledges to speed up adjustment of the Thai rice strategy as quickly as possible as the industry faces a slew of challenges including a strong baht and rising production costs.Mr Jurin said after presiding over a Thai hom mali fragrant rice ...

Phusadee Arunmas

Farmers call on Thai government to overturn ban on pesticide use

A group of Thai farmers has submitted a letter to PM Prayut Chan-o-cha, citing the ineffectiveness of products used to replace Paraquat and Chlorpyrifos, and calling for the ban on those chemicals, introduced on June 1, to be overturned. In the letter, they suggest the ...

Three factors hammering Thai stock exchange: analyst

Uncertainty over weak profit forecasts, political issues, and the global economic freeze are hammering the Stock Exchange of Thailand (SET) Index, said an expert at Tisco Securities.Senior Tisco Securities strategist Apichat Poobunjirdkul said the Thai stock market is currently facing a correction and is likely ...

The Nation Reporter

Pandemic gives impetus to online banking

Commercial bank have said that the Covid-19 outbreak will make more customers opt for online services.Siam Commercial Bank (SCB) saw 900,000 customers opt for online banking, while the number of online accounts jumped by 83 per cent, with the number of online customers expected to ...

The Nation Reporter

Thai e-vehicle industry set for rapid growth

The Electric Vehicle Association of Thailand (EVAT) says the EV market in Thailand is the most advanced among Asean countries and will grow quickly during 2025 to 2030.EVAT chairman Yossapong Laoonual said several of the association’s requirements for the EV industry have been adopted by ...

The Nation Reporter

Thai embassies in 30 nations urged to woo investors for EEC

The Eastern Economic Corridor (EEC) Office of Thailand has recently called on Thai embassies in 30 countries to approach foreign firms to invest in the EEC, the office’s secretary-general Kanit Sangsubhan said.He said the EEC’s main targets are firms in technology, logistics, medical and health ...

The Nation Reporter

Exports may shrink 15% this year: shippers

Thailand’s exports may contract by 15% this year as the coronavirus pandemic hits global demand and a stubbornly strong baht adds to pressure, a shipping association said on Tuesday.Exports, a key driver of growth, slumped 15.2% in the second quarter from a year earlier and ...

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