Bangkok Post
B254bn spent on four economic relief schemes in last year
More than 41 million people participated in four popular economic relief programmes with their combined spending exceeding 254 billion baht last year, says the Finance Ministry.The figures were rounded off on Friday. The programmes are the third-phase aid for holders of state welfare cards, aid ...
Bangkok Post Reporter
Doubts linger over 2022
Tourism in major tourist destinations has clearly been picking up despite the lingering spread of Covid-19, especially since the country’s reopening on Nov 1. But all of a sudden, there came an unexpected turning point – the spread of the Omicron variant of the coronavirus.A ...
Bangkok Post Reporter
RCEP begins as SMEs hold breath
After much deliberation, the Regional Comprehensive Economic Partnership (RCEP) trade pact is expected to become effective today.The pact was signed on Nov 15, 2020, by the 10 Asean member countries along with five Asean free trade agreement (FTA) partners. At least six members of Asean ...
Phusadee Arunmas
Hoping for green development
The coming year looks to be an eventful one with activities that could have a big impact on Thailand, ranging from the country’s hosting of the Asia-Pacific Economic Cooperation (Apec) summit to the trial of the retail Central Bank Digital Currency (retail CBDC).The 2022 Apec ...
Bangkok Post Reporter
Suggestions for 2022 investments
The year 2021 posted exponential growth for cryptocurrencies and digital assets, which remain both one of the riskiest assets and one of the most promising growth opportunities entering 2022.To capture gains from the growing asset class, brokers advise investing 5-15% of a portfolio in digital ...
Bangkok Post Reporter
Crypto cybercrime set to surge next year
Cryptocurrency-fuelled ransomware attacks, metaverse-related attacks, exploitation of flaws in application programming interfaces (API), and critical infrastructure attacks are among the key threats expected in 2022, according to Palo Alto Networks, a global cybersecurity company.“Cybercriminals are getting richer than ever as cryptocurrency fuels the ransomware economy,” ...
Suchit Leesa-Nguansuk
Festive spending at 12-year low
Spending during the festive season is expected to remain below 100 billion baht for a second straight year, hitting a 12-year low as growing concerns over the Covid-19 Omicron variant continue to undermine public sentiment.The University of the Thai Chamber of Commerce (UTCC) revealed its ...
Phusadee Arunmas
Omicron cases 'rising rapidly'
About 16% of Covid-19 infections detected in Thailand so far have been proven to be cases of the Omicron coronavirus variant, according to the latest random sample collected by the Public Health Ministry.Apisamai Srirangson, assistant spokeswoman for the Centre for Covid-19 Situation Administration (CCSA), said ...
Bangkok Post Reporter
State spending targets laid out for fiscal 2023
The government is planning a fiscal 2023 budget worth 3.185 trillion baht, with a deficit of 695 billion baht for the fiscal year, which starts next October.According to Chalermphol Pensoot, director of the Budget Bureau, the budget was approved at yesterday’s meeting between Prime Minister ...
Bangkok Post Reporter
Bank of Thailand holds fire on rates, flags Omicron risk
The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a 13th straight meeting on Wednesday, to support a tourism-reliant economy facing fresh risks from the spread of the Omicron coronavirus variant.The BoT’s Monetary Policy Committee unanimously voted to ...
