The Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate in next year’s first quarter if the economic recovery is shaky, says Kasikorn Research Center (K-Research). Thai exports face uncertainty in the first quarter given higher freight cost, while first-quarter private consumption patterns usually slow from the final quarter, said K-Research deputy […]
Read MoreA resurgence of local Covid-19 cases has affected travel sentiment for the upcoming long weekend as Thai tourists are expected to take fewer trips than during holidays last month, according to the Tourism Authority of Thailand (TAT). Local tourists are estimated to make 3.1 million trips nationwide between Dec 10-13, generating 12.6 billion baht, but […]
Read MoreTo avoid an oversupply, the government should support foreign buyers purchasing residential units with measures to counterbalance the shortfall in domestic demand, says Thailand Development Research Institute (TDRI). Nonarit Bisonyabut, senior research fellow at TDRI, said the government could allow foreigners to bid to purchase residential units. This method can attract their interest and limit […]
Read MoreThe Thai National Shippers’ Council expects Thai exports will rebound to 3-5% growth next year, driven by the Regional Comprehensive Economic Partnership (RCEP) pact, Covid-19 vaccine progress and a fast economic recovery in China. Chairwoman Ghanyapad Tantipipatpong said on Tuesday the figures are based on the council’s “conservative forecast” for 2021 exports. The growth is possible […]
Read MoreThe two phases of the co-payment scheme are projected to increase GDP by 0.32 percentage points, causing spending worth 105 billion baht to be injected into the economy. The cabinet on Tuesday approved a 43.13-billion-baht budget to stimulate the economy through extension of the co-payment scheme, which subsidises 50% of food and goods purchased at small […]
Read MoreForeign fund flows into Thai stock markets are expected to continue through next year, supported by positive global sentiment towards Joe Biden’s election victory in the US and successful trials of Covid-19 vaccines, says an executive of Stock Exchange of Thailand (SET). However, investors should monitor the performance of large listed companies, Thailand’s GDP performance […]
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