News

Cabinet approves new stimulus plan

The cabinet on Tuesday approved another package of measures to boost consumption and support an economy still struggling with the collapse of its vital tourism sector.The measures include a tax deduction of 30,000 baht for shoppers, an extension of the existing co-payment scheme and a ...

Bangkok Post Reporter

State preps B300bn for new measures

The government looks set to prepare more than 300 billion baht’s worth of new measures to help reduce people’s expenses and stimulate domestic consumption battered by a fresh wave of Covid-19 infections.Kulaya Tantitemit, the director-general of the Fiscal Policy Office under the Finance Ministry, said ...

Wichit Chantanusornsiri

JSCCIB asks for stimulus continuation

Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending.The call is being made as the economy has not fully recovered in the wake of the ...

Bangkok Post Reporter

Finance Ministry to roll out more economic measures for New Year [Video]

The Permanent Secretary for Finance has stated that the Thai economy next year is expected to grow by 3.5-4.5 percent, adding that his ministry will soon unveil more economic stimulus measures as New Year gifts for people.Keep watching ...

Big stimulus borrowing could spur yield-curve control

Thailand’s 1 trillion baht borrowing programme for economic stimulus could spur central bank steps to keep a lid on bond yields.The government is set to start raising money as early as May, stoking questions about the outlook for bonds. A plausible scenario is that the ...

Index at 33-month low point

Business sentiment plunged to a 33-month low in March as the sector worried that the escalating coronavirus outbreak would drag the country’s economy into a deeper contraction than Thailand saw during the 1997 financial crisis.The University of the Thai Chamber of Commerce (UTCC) reported today ...

Phusadee Arunmas

How The G20 Should Lead, Again

The COVID-19 pandemic has cast a pall over the global economy, making it impossible to anticipate even the near future. Restrictions on cross-border movements, along with national lockdowns, are rapidly reducing global production and consumption, and disrupting value chains. Growing uncertainties are creating a vicious ...

Hong Nam-ki

Thai stocks surge on easing virus cases, economic stimulus

Thai stocks surged as trading resumed after the Chakri Memorial Day holiday, boosted by rising optimism about a waning coronavirus outbreak and the government’s new economic stimulus.The benchmark SET Index rose 6.7% as of 4.58pm in Bangkok, poised for the highest gain since March 11. ...

Bangkok Post Reporter

Cabinet gives green light to B1.9tn stimulus

The cabinet on Tuesday approved 1.9-trillion-baht spending to help people and businesses affected by the coronavirus disease 2019 (Covid-19), including 600 billion baht for six-month cash giveaways and 500-billion-baht soft loans for small and medium-sized businesses.The package, the third phase of the stimulus programme to ...

Chatrudee Theparat

Thailand Mulls Emergency Decree for ‘Big’ Economic Stimulus

Thailand said it’s mulling an emergency decree to enable the government to borrow more money to support the economy over the next two to three months.There’s no limitation on the size of the potential funding, Deputy Prime Minister Somkid Jatusripitak said in a briefing Friday ...

Komsan Tortermvasana

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