News
Bank of Thailand Holds Key Rate, Lets Fiscal Policy Take Lead
The Bank of Thailand held its benchmark interest rate steady at an all-time low as fiscal measures take the lead in reviving the economy amid a renewed outbreak of Covid-19.The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting ...
Fuel consumption dives 12.5% in 2020
Fuel consumption in Thailand contracted by 12.5% last year because of strict state measures to prevent the spread of Covid-19, including a lockdown order, according to the Department of Energy Business (DOEB).The government did not enforce a nationwide lockdown for the fresh outbreak starting last ...
Yuthana Praiwan
Myanmar coup to have “minimal” impact on Thai economy, government says
The Myanmar coup was expected to have minimal impact on the Thai economy, the government said Wednesday, but the investments in the Dawei Special Economic Zone will have to be put on hold for now. The coup “should not be a problem” as cross-border trade, which ...
Coronavirus situation improving despite high case figures, government says
The government said on Tuesday that the country’s coronavirus outbreak situation is improving, despite the high number of cases that are being found via pro-active screenings, and as 836 new cases were reported in the previous 24 hours.Increased effortยs in conducting proactive tests are ongoing ...
Government outlines support schemes for ailing tourism sector
The tourism ministry outlined assistance schemes for tourism-related businesses on Tuesday, as the tourism minister said we were going to ask for Covid-19 vaccines to be rolled out to tourism workers to boost the shattered sector.The proposals include a salary co-payment programme, soft loans, and ...
Eligibility extension under consideration
People registered in the social security system are in the pipeline to be eligible to receive the 7,000-baht money transfer under the Rao Chana (We Win) scheme, says Finance Minister Arkhom Termpittayapaisith.Some of the 11 million employees, who are covered under Section 33 of the ...
Wichit Chantanusornsiri
Exports seen up 3-4% this year, but strong baht weighs -shippers
Thailand’s exports are expected to grow by 3% to 4% this year as the global economy recovers, but a stubbornly strong baht currency remains a worry, the shippers’ council said on Tuesday.Exports, a key driver of growth, could perform better than expected on vaccine developments ...
Investor confidence improves but new Covid wave drags
Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.A survey in January by the Thai ...
Pollution in and around Bangkok hits unsafe levels
Air pollution in 50 areas in and around Bangkok hit unsafe levels on Monday morning with PM2.5 readings coming in at 41 to 74 micrograms per cubic metre (μg/m3), according to the Pollution Control Department’s Air Quality and Noise Management Bureau.Thailand’s standard for safe levels ...
The Nation Reporter
Govt targets B300 bn investments in eastern corridor this year
The government aims to boost investment in the country’s industrial east this year by 44% to around 300 billion baht, a deputy prime minister said on Monday, after a 45% drop last year due to the impact of the coronavirus pandemic.The amount would be a ...