News
Bank of Thailand to keep steady policy hand as growth trumps inflation
Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...
Oil Fuel Fund set to be replenished next month
The Oil Fuel Fund Office (Offo) expects to obtain the first portion of loans as part of a total of 20 billion baht from commercial banks next month as its fund, used to subsidise energy prices, is nearly empty.The loans are to repay oil and ...
Bangkok Post Reporter
TDRI warning over living cost measures
A researcher at the Thailand Development Research Institute (TDRI) says he supports some of the measures announced by the government on Tuesday to ease living costs, but notes that some could affect the social security system in the long run.This week the government announced a ...
Bangkok Post Reporter
Thai Finance Minister sees high oil prices, inflation as temporary
Thailand’s finance minister said on Thursday high oil prices and inflation should be temporary.The government has approved support measures in a bid to help ease the impact of oil prices and the higher cost of living, Arkhom Termpittayapaisith told a business seminar.Keep reading ...
NGOs rally against bill to keep them in check
Non-governmental organisations held a protest on Thursday demanding the dropping of draft legislation aimed at monitoring and regulating their activities.Members of several NGOs converged at the Social Development and Human Security Ministry to air their opposition to the Operations of Not-for-Profit Organisations bill (NPO bill).The ...
Bangkok Post Reporter
Thai government expects at least 3per cent GDP growth this year
Thailand expects the economy to grow no less than 3per cent this year, helped by a raft of support measures to mitigate the impact of soaring oil prices, a government spokesman said on Wednesday.The measures, approved on Tuesday, would be worth at least 50 billion ...
Thai Feb exports rise 16.2per cent y/y, beat forecast
Thailand’s exports rose by a more than expected 16.2per cent in February from a year earlier on improved global demand while the Russia-Ukraine war had yet to affect trade, the commerce minister said on Thursday.That compares with a forecast for a rise of 10.2per cent ...
BOT predicts inflation fallout from Russia-Ukraine war
The Bank of Thailand (BOT) expects Russian banks’ removal from the Swift international transaction system to trigger a rise in inflation, volatility of the baht against the dollar and limited impacts on Thai trade and investment in Russia.“However, Thailand’s financial stability is still in good ...
The Nation Reporter
Justice Ministry helps restructure household debts amounting to Bt921.6 million
The Justice Ministry has helped 4,130 people settle debts of Bt921.65 million at the first “Festival for household debt settlement”, held at the Bangkok International Trade & Exhibition Centre on Friday and Saturday.Justice Minister Somsak Thepsuthin said on Monday that the event was a “success”.Somsak ...
The Nation Reporter
Economy improves in February as restrictions ease
The economy improved in February after a moderate slowdown the previous month, owing to an easing of coronavirus curbs and a resumption of a quarantine waiver for foreign tourists, the central bank said on Monday.The Russia-Ukraine crisis is likely to push up inflation and cause ...
