In a move to tackle the economic fallout of the Covid-19 outbreak, the government’s Monetary and Fiscal Committee has come up with a plan to maintain public debt to gross domestic product (GDP) ratio, boost the budget ceiling and adjust debt settlements. Finance Minister Uttama Savanayana said after a meeting with the committee on Thursday […]
Read MoreThe Bank of Thailand’s mechanism to inject liquidity to help stabilise the debenture market has yet again been met with criticism from one of the central bank’s alumni, with the main objection centring on the move’s failure to effectively address the problem’s root causes. Amid risks that many corporations will experience a liquidity shortage, the […]
Read MoreConsumer goods makers, distributors and modern trade operators have agreed to lower goods prices by 5-58% to help reduce living costs during the coronavirus crisis. The campaign starts with six categories covering 72 items from March 16 to June 30. Commerce Minister Jurin Laksanawisit chaired a meeting on Thursday with representatives from 14 manufacturers, various […]
Read MoreLazada Thailand says the coronavirus outbreak will turn online shopping into the new normal in Thailand, and the e-commerce giant is offering incentives to attract 50,000 offline small and medium-sized enterprises (SMEs) to the platform to assist them during this difficult time. “From mid-March to mid-April, Lazada saw a 100% rise in sale transactions,” Paradee […]
Read MoreDespite myriad risks, SET-listed Thai President Foods (TFMAMA), the maker of Mama instant noodles, remains committed to spending about 700 million baht to expand the business this year. Pun Paniangvait, manager of the company’s President office, said the budget will be used to expand warehouses and install new instant noodle machines at the company’s factory […]
Read MoreThe IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus. Despite this, the IMF raised its estimate for Thailand’s economic growth to 6.1% […]
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