Channel News Asia

Thai PM 'very worried' about weak Q3 growth, plans more stimulus

Thai Prime Minister Srettha Thavisin said on Monday (Nov 20) he was “very worried” about much slower-than-expected growth in the third quarter, with the economy burdened by declining exports and government spending.Gross domestic product (GDP) expanded 1.5 per cent in the July-September quarter from a ...

Thai economy slows in March but improvement seen ahead - central bank

Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve from higher foreign tourist numbers, the central bank said on Friday.Economic activity is expected to have improved in April and exports should gradually pick ...

Airports of Thailand to invest $1 billion to expand low-cost terminal

Airports of Thailand Pcl (AOT) plans to invest 36.8 billion baht ($1.08 billion) to expand its low-cost terminal at Bangkok’s Don Mueang Airport and increase passenger capacity and boost tourism income, it said late on Wednesday.Construction will begin this year and take until 2029, AOT ...

Thailand's $98 billion 2024 budget to be delayed over election

Thailand’s 3.35 trillion baht ($98.38 billion) budget for the 2024 fiscal year starting in October could be delayed by four or five months, the Budget Bureau said on Thursday, as the Southeast Asian country heads to an election set for May.The budget is needed to ...

Thai economy to grow 3-4% this year, policy rate to ensure recovery - Finance Minister

Thailand’s economy is expected to expand 3 per cent-4 per cent this year and monetary and fiscal policies must work together to ensure economic growth and stability, the finance minister said on Wednesday.Southeast Asia’s second-largest economy continues to be supported by the vital tourism sector ...

Thai consumer confidence at 25-month high in Dec as tourism recovers

Thai consumer confidence rose for a seventh straight month in December, reaching a 25-month high, boosted by improved economic activity and higher foreign tourist arrivals, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce rose to 49.7 in ...

Thai central bank expects virtual banks to start operations in 2025

Thailand’s central bank expects virtual banks to begin operating in the second quarter of 2025, it said in a statement on Thursday.The Bank of Thailand said it plans to propose giving licences to three operators for virtual banks, but may open this up for additional ...

Thai central bank to test retail digital currency late this year

Thailand’s central bank said on Friday (Aug 5) it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option.During the testing, the retail central bank digital currency (CBDC) will be used in conducting cash-like ...

Thai business group sticks by GDP outlook despite inflation risk

Thailand’s economy is still expected to grow 2.75 per cent to 3.5 per cent this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday (Aug 3).Exports are expected to increase 6 ...

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 ...

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