Thailand

October 17, 2022

Thailand urges unity on fiscal, tax policy to fight looming stagflation

Thailand has urged the adoption of international cooperation on fiscal policy and tax measures to help safeguard small-sized businesses and low-income people from looming stagflation. Finance Minister Arkhom Termpittayapaisith said international fiscal and tax measures were needed to cope with the inflation crisis that could develop into stagflation, said Pornchai Thiraveja, director-general of the Fiscal Policy […]

October 17, 2022

Thailand: BoT to hold hearings on virtual bank licences

The Bank of Thailand plans to hold a public hearing about virtual bank licensing early next year, in a move to expand access to financial services for underbanked and unbanked consumers. The central bank has been drafting the licensing guidelines, which it plans to reveal at a public hearing in early 2023. The Bank of Thailand […]

October 5, 2022

Thai inflation rate slows in September, c.bank seen hiking further

BANGKOK, Oct 5 (Reuters) – Thailand’s headline inflation rate was less than expected in September, decelerating from the previous month, data showed on Wednesday, but above-target consumer prices reinforced expectations of a further interest rate hike in November. The headline consumer price index (CPI) rose 6.41% in September from a year earlier, helped by easing […]

October 5, 2022

Inflation, rising debt and weak baht set to shape Thai election

AS Thai politicians jockey for positions ahead of elections that must be called by March, focus is turning to how the next leadership will manage risks including sky-high prices, a bloated budget deficit and the highest level of household debt in the region. The tepid pace of recovery in South-east Asia’s second-largest economy will be […]

October 5, 2022

Thailand: TAT banking on e-visas

With Malaysian tourists becoming the first source market to reach 1 million and reopening of more countries in sight, Thai tourism could realise an even stronger rebound among the Asian market if e-visas are adopted and international flights resume, according to the Tourism Authority of Thailand (TAT). Thanet Phetsuwan, TAT’s deputy governor of marketing for Asia […]

October 5, 2022

Thailand: Economists urge caution for gloomy 2023

Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists. Kobsak Pootrakool, senior executive vice-president of Bangkok Bank, said the world economy is entering a recession, which will definitely affect Thailand. One current sign of the impact is Thailand’s exports have begun to decline, said Mr Kobsak. Domestic […]

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