The cabinet on Tuesday approved revoking the subsidy on premium diesel used in luxury cars, effective from April, in a move to save on budget expenses. Rachada Dhnadirek, deputy government spokeswoman, said the cabinet’s move also aims to reduce the financial burden on the state Oil Fund, which currently subsidises the diesel price at 8 […]
Read MoreAll eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank’s rate-setting committee meeting today. How has the economy performed […]
Read MoreTwenty Thai tour operators will come to Vietnam in early April to survey tour programs and bring Thai visitors to the country after two years of suspension induced by the Covid pandemic. Nguyen Son Thuy, director of Indochina Unique Tourist Company, said the representatives of the 20 travel companies would arrive in Danang City on […]
Read MoreThailand’s economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB). The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which […]
Read MoreMANILA, Philippines — Loans extended by banks to micro, small and medium enterprises (MSMEs), used as compliance with the central bank’s reserve requirement ratio (RRR), reached P207.4 billion as of end-February, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the latest figure was a sharp improvement from the P8.7 billion in […]
Read MoreThe Finance Ministry expects to postpone the plan to slap a financial transaction tax on individual stock investors for a certain period because of unfavourable economic conditions, says permanent secretary Krisada Chinavicharana. He said while the ministry stands ready to impose the tax, Thailand is struggling with the double whammy of the prolonged pandemic and […]
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