Thailand’s slow economic recovery reflects the sustained damage wrought by the pandemic on international travel and tourism, in large part because of the slow reopening of borders in major markets, says Moody’s Investors Service. Lower economic growth and a concomitant rise in debt drove negative rating actions for Fiji (Ba3 negative) in June, Thailand (Baa1 […]
Read MoreThe cabinet resolution on relief measures, including new subsidies for power and water bills set to take effect next month, is necessary but insufficient to help businesses cope with the new outbreak of Covid-19 that is crippling the economy, say business leaders. Households and small businesses are the main beneficiaries of the two-month financial aid, […]
Read MoreThe Bank of Thailand has extended financial relief measures to individual borrowers until June this year, aiming to ease financial burdens stemming from a new round of the domestic Covid-19 outbreak. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank has extended and added financial relief measures to both retail and commercial […]
Read MoreMobile operators have agreed to roll out a low-cost monthly unlimited data usage package on tools that support people working from home, waiving data usage charges when subscribers use the contact-tracing app Mor Chana, as part of efforts to ease people’s financial burden during the new outbreak. Telecom operators are also working to upgrade fixed […]
Read More[BANGKOK] Thailand has approved more measures to mitigate the impact of the coronavirus pandemic after its biggest outbreak yet, including soft loans and lower utility bills, Prime Minister Prayuth Chan-ocha said on Tuesday. The new measures aim to boost liquidity for businesses, provide debt relief and support for unemployment, Mr Prayuth said, adding that an […]
Read MoreThe Finance Ministry is preparing to inject financial aid worth around 200 billion baht to combat deteriorating economic conditions during the prolonged Covid-19 crisis. Such financial relief will be disbursed through state-owned financial institutions by implementing policies to enhance liquidity and take care of various groups of debtors, said Kulaya Tantitemit, acting director-general of the […]
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