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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 ...

Three key economic stimulus packages — the co-payment subsidy scheme, We Win financial aid programme and the Section 33 We Love Each Other programme — are instrumental to shoring up the country’s economy, boosting the country’s economic growth by a combined 1.76 percentage points this ...

Thailand’s economy slowed in January from the previous month as the recent coronavirus outbreak hit domestic activity but the start of the country’s vaccination drive should spur confidence and tourism, the finance ministry said on Wednesday.The country has received its first vaccines against Covid-19, with ...

Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked only recently, according ...

Thailand’s gross domestic products (GDP) shrank 6.1 per cent in 2020 due to widespread impact of the Covid-19 pandemic, the National Economic and Social Development Council (NESDC) said on Monday.Danucha Pichayanan, secretary-general of NESDC, said at a conference that GDP in the fourth quarter of ...

The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.In addition, exports are likely to grow by 3-5 per cent, while inflation is hoped to be at most 1 per cent.The ...

The Myanmar coup was expected to have minimal impact on the Thai economy, the government said Wednesday, but the investments in the Dawei Special Economic Zone will have to be put on hold for now.  The coup “should not be a problem” as cross-border trade, which ...

An additional 1.5 million Thai citizens fell below the poverty line in 2020 as a result of the economic impact of the Covid-19 pandemic, according to World Bank estimates based on a threshold of USD 5.50 per day.Declines in income have created economic hardship for ...

Thailand’s GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government’s management of the latest outbreak, says the Bank of Thailand.There are three scenarios that could cause the country’s economic growth outlook to ...

The Finance Ministry this year will have three areas of focus to revive Thailand’s economy from the Covid-19 pandemic fallout, ministry spokesperson Kulaya Tantitemit said.First, the ministry will urgently push for economic revival through speeding up budget disbursement and state spending. The ministry also would ...