News
FPO warns 4% growth this year will be difficult
The government’s ambitious goal of 4% economic growth this year will be difficult, requiring a lot of effort and a host of supporting factors such as higher exports, recovering foreign tourist arrivals and active private investment, says the Finance Ministry’s Fiscal Policy Office (FPO).FPO adviser ...
Wichit Chantanusornsiri
Ministry working on third phase of co-payment subsidy
The Finance Ministry is in the process of designing the third phase of the co-payment subsidy scheme to maintain economic recovery momentum.The ministry is deliberating on the number of eligible recipients and monetary giveaway for each individual in the third phase, said Krisada Chinavicharana, permanent ...
Wichit Chantanusornsiri
Govt says expected 2.8% growth not satisfactory
Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, ...
BoT points to business sector as key to economic recovery
The Bank of Thailand (BoT) is pressing the government to address impact on liquidity from the COVID-19 situation in the business sector, arguing it will speed up economic recovery.Senior Director of Macro Economics at the BoT Chayawadee Chai-Anant pointed out that measures focused on triggering ...
NNT Reporter
Government banking on BCG model to propel recovery
The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery.The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year strategic plan to ...
Bangkok Post Reporter
The Commerce Ministry sees gradual recovery in Thai exports in 2021
The Ministry of Commerce on Wednesday estimated Thailand’s exports in 2021 to gradually recover, with a 4 per cent growth following signs of a better global trade, COVID-19 vaccines, and economic stimuluses in many countries.Thai exports saw less contraction at 3.65 per cent year-on-year in ...
Panithan Onthaworn
Baht unchanged, could strengthen from possible economic recovery
The baht opened at 30.03 to the US dollar on Thursday, unchanged from its closing rate on Wednesday.The Thai currency is likely to move between 29.90 and 30.10 during the day, predicted Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.Keep reading ...
The Nation Reporter
Recovery momentum picks up in Q3
Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, ...
Somruedi Banchongduang
Finance minister lays out plans for 2021
The government will accelerate investment next year in the areas of digital, wellness and the green economy, Finance Minister Arkom Termpittayapaisith says.Speaking at the Bangkok Post International Forum 2020 “Beyond the Pandemic: A Decade of Challenges from 2021” at Centara Grand at CentralWorld, Mr Arkom ...
Bank of Thailand leaves policy rate unchanged
At a meeting on Wednesday, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 0.5 per cent to support economic recovery, while placing emphasis on more targeted measures, MPC secretary Titanun Mallikamas said.The committee believes that despite the ...
The Nation Reporter