The Bank of Thailand (BoT) is urging the government to borrow an additional 1 trillion baht to address the severe economic impact of the Covid-19 pandemic and boost the country’s long-term growth prospects. The central bank’s governor, Sethaput Suthiwartnarueput, on Monday said he would consider such state borrowing to be reasonable. Given that the economic impact […]
Read MorePhuket sandbox and other provinces in the south struggling with ways to reopen for international tourists will be buoyed after the CCSA on Monday nailed down the long-awaited 7+7 extension plan. The reopening plan to add destinations as links to Phuket sandbox have been approved in principal by the Centre for Economic Situation Administration (CESA) […]
Read MoreThe government’s planning unit has downgraded its economic growth forecast for a third time to a range of 0.7-1.2% this year from 1.5-2.5% made in May, 2.5-3.5% made on Feb 15 and 3.5-4.5% growth made in November last year, as Covid-19 cases surge. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), […]
Read MoreThai car exporters’ prospects have become brighter after the Philippines scrapped plans to impose tariffs on cars imported from Thailand, and returned 1.2 billion baht worth of safeguard duty to importers. According to Thai Commerce Minister Jurin Laksanawisit, the Philippines agreed on Aug 6 to scrap the tariff plans and return the import duties, after […]
Read MoreThe residential market is unlikely to recover to pre-Covid levels until 2025 as the market contraction has been revised to 25-32% from 1.5-11%, driven largely by the battered economy and housing demand. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the market nationwide in the second quarter saw a continuing year-on-year […]
Read MoreThe lockdown of 29 provinces hardest-hit by the latest wave of Covid-19 has been extended until the end of this month, but restrictions have been eased on banks and other financial services operating in shopping malls. The Centre for Covid-19 Situation Administration (CCSA) on Monday confirmed the lockdown will remain in effect until at least […]
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Thailand
