The Bank of Thailand plans to issue new bonds based on the Thai Overnight Repurchase Rate (THOR) next year, aiming to encourage the use of the new reference rate after the upcoming phase-out of the London Interbank Offered Rate (LIBOR). THOR, in effect since April this year, was developed to replace LIBOR as the interest rate […]
Read MoreTwo giant foreign IT firms have expressed interest in spending 30-40 billion baht each in investment in the Digital Park Thailand, a 700-rai area in Chon Buri meant to serve as a regional hub for digital innovation, says Buddhipongse Punnakanta, digital economy and society (DES) minister. He said one firm is American. He declined to […]
Read MoreThe state planning unit looks set to host public hearings and begin new feasibility studies of the so-called Thai Canal or 9A canal route and a double-track railway linking Chumphon and Ranong. The two development projects are key to the government’s economic development plan for the South. The government has budgeted 10 million baht in […]
Read MoreThe government’s plan to hand out payments of Bt3,000 to 15 million people will boost economic growth in the fourth quarter by an estimated 1-1.5 per cent, according to Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). The government has yet to finalise details of the scheme, which is among […]
Read MoreConsumer sentiment rose for a fourth straight month in August, boosted by the continued easing of coronavirus curbs, state relief programmes, the Bank of Thailand’s decision to keep its policy rate unchanged and lower diesel prices. The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is warning unemployment reached 2.5 million people in the first half this year and will keep growing next year if state stimulus packages are not strong enough to battle economic woes. The numbers, recorded between January to June this year, include 700,000 workers under labour […]
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Thailand
