Bloomberg

Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis

Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...

Thailand Bans Gatherings as Covid Cases, Deaths Hit Record

Thailand banned gatherings nationwide and may implement further restrictions as the country saw daily coronavirus cases and deaths surge to fresh records.The Southeast Asian nation reported 10,082 new infections on Saturday, exceeding 10,000 for the first time, despite the imposition of lockdown-like restrictions since Monday. ...

Thailand’s Vaccine Rollout Gets Chaotic With Cancellations, Dose Shortages

Thailand’s vaccine rollout is trailing its target as a jab shortage and moves to prioritize workers to shield the economy trigger chaos and mass cancellation of appointments.The Bangkok Metropolitan Administration and dozens of hospitals across the country have postponed some of the scheduled vaccinations for ...

Thailand Prepares 6 Million Shots For Mass Rollout’s First Month

Thailand aims to administer as many as 6 million shots to protect against Covid-19 this month, as it begins a mass vaccination program amid the nation’s worst coronavirus outbreak since the pandemic began.The government plans to distribute about 2 million doses of AstraZeneca Plc and ...

Thailand Unveils $16 Billion Borrowing to Fund Covid Relief

Thailand’s King Maha Vajiralongkorn endorsed a $16 billion borrowing plan to shield Southeast Asia’s second-largest economy from the impact of a raging coronavirus outbreak that’s threatening a nascent recovery and plans to reopen borders to tourists.The government can borrow 500 billion baht ($16 billion) in ...

Thailand Extends State of Emergency as Covid Deaths Surge

Thailand will extend a nationwide state of emergency to tackle the coronavirus pandemic for another two months as the deadliest phase of the outbreak to hit the nation so far shows no signs of easing.The Center for Covid-19 Situation Administration, headed by Prime Minister Prayuth ...

Thailand Said to Plan $22 Billion Borrowing for Covid Relief

Thailand plans to borrow an additional 700 billion baht ($22.3 billion) to fund measures to counter the worst wave of Covid-19 outbreak to hit Southeast Asia’s second-largest economy, people familiar with the matter said.A meeting of the cabinet chaired by Prime Minister Prayuth Chan-Ocha on ...

World Bank Sees $6 Billion Wasted on Plastics in Southeast Asia

Southeast Asian countries lose out on as much as $6 billion a year as most of their single-use plastics are thrown out rather than recovered and recycled, the World Bank said in a new study.More than 75% of recyclable plastics in Malaysia, Thailand and the ...

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 ...

Thailand’s Economic Conditions Tipped to Worsen as Virus Spreads

Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even ...

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