A lower power tariff scheduled to take effect from Sept 1 not only means cheaper electricity bills for households and businesses during the last four months of this year, but also helps the debt-ridden Electricity Generating Authority of Thailand (Egat) with its plan to settle its debt. The Explainer examines the new power tariff, which is […]
Read MoreTourism operators are hopeful a government can be formed by Pheu Thai as the party has a track record of governing, with the sector eager for state measures to continue effective tourism policies and eliminate ongoing obstacles. Sisdivachr Cheewarattanaporn, president of the Association of Thai Travel Agents (Atta), said a Pheu Thai coalition government could be […]
Read MoreThailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official. The Bank of Thailand (BoT) expects greater use of regional currencies to help reduce exchange risk as they often move in tandem with […]
Read MoreHeadline inflation was weaker than expected in July, helped by lower food and energy prices, while the Commerce Ministry projected the inflation rate in the following months until the end of the year to increase by less than 1% a month. The Commerce Ministry reported on Monday that headline inflation, gauged by the consumer price index, rose […]
Read MorePublic confidence is more important than the new face of the upcoming coalition government and the new prime minister, while policy normalisation and the stability of fiscal and monetary policies are still required from the new government rather than economic stimulus, according to the governor of the Bank of Thailand. Confidence would resume given the […]
Read MoreThailand’s economic recovery is intact, with growth of 2.9% likely in the first half of this year and 4.2% in the second half, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Wednesday. The BoT would continue to gradually normalise interest rates to help the economy grow at its potential and keep inflation in check, […]
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