Thailand’s policymakers will continue to enact policies to boost domestic activity amid persistent challenges from the pandemic. On Jan 19, the cabinet approved 210 billion baht (an estimated 1.3% of GDP) in cash handouts to support lower-income households, self-employed workers and farmers (comprising around 30 million people) amid a resurgence in domestic Covid-19 cases. The […]
Read MoreThailand could see a million more jobless tourism workers in the first quarter after its latest wave of coronavirus infections, while relief measures are urgently needed to support the struggling sector, a private tourism group said on Tuesday. The Tourism Council of Thailand will later on Tuesday propose to the government measures including a 50% […]
Read MoreThe Public Debt Management Office (PDMO) will issue government savings bonds worth 60 billion baht early next month, aiming to use the funds raised to finance government projects that will mitigate the pandemic’s impact and rehabilitate the economy. The Rao Chana (We Win) edition of government savings bonds has an average interest rate of 2-2.5%. […]
Read MoreThe Small and Medium Enterprise Development Bank of Thailand (SME D Bank) is joining state efforts to retain 28,800 jobs in SMEs through a new 9.5-billion-baht soft loan programme initiated by the Industry Ministry. The money, to be granted under the ministry’s Local Economy Loan scheme, is expected to help 5,760 businesses struggling with liquidity. […]
Read MoreTHE asset quality of Thailand’s banks is set to deteriorate in the next 12 to 24 months, with the non-performing loan ratio expected to increase up to 6 per cent, said S&P Global Ratings on Tuesday. This compares with a reported non-performing loan ratio of 3.3 per cent in 2020 based on the banks S&P […]
Read MoreTrading in cryptocurrency in Thailand reached 14.8 billion baht during the period Jan 1, 2020 to Jan 24 of this year on seven exchanges, according to data disclosed publicly for the first time by the Securities and Exchange Commission (SEC). Three of the exchanges included in this figure only began their operations at the weekend. […]
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