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The new Covid-19 outbreak, which stunned Thai people with a new hardly controlled virus variant, continues to raise more concerns over economic health, adding fiscal-monetary burdens to the government, now likely to see GDP miss its target.The Federation of Thai Industry (FTI) on Thursday warned ...

The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent, a senior official said.Anucha Buraphachaisri, spokesman for the Prime Minister’s Office, said that Thailand had set the VAT ...

Thailand’s economic growth is expected to accelerate from 2023 to 2024, driven by public investment, after slowly recovering from the impact of the coronavirus pandemic, the finance minister said on Wednesday.The government is maintaining its gross domestic product (GDP) growth target of 4% this year, ...

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the ...

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 ...

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 Bank of Thailand held its benchmark interest rate steady at an all-time low as fiscal measures take the lead in reviving the economy amid a renewed outbreak of Covid-19.The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting ...

The government’s “RaoChana” (WeWin) cash handout scheme and the first two phases of the “Khon La Khrueng” (Let’s Go Halves) co-payment scheme are expected to boost Thai GDP by 1 per cent, said Finance Minister Arkhom Termpittayapaisith.The Cabinet on Tuesday approved the new WeWin scheme ...