Exports risk shrinking by up to 8% this year as the pandemic ravages global supply chains and economies, says an exporter group. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the country’s export performance will become aggravated if the baht stays at an average of 30.50 baht against the US dollar. But […]
Read MoreAbout 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand’s six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank’s chief. Another measure is the Corporate Bond Stabilisation Fund (BSF), a pre-emptive strike […]
Read MoreDespite policymakers removing regulations to allow ethanol producers to make alcohol for hand sanitisers, disinfecting alcohol still remains in short supply at many convenience stores and pharmacies. Ethanol is purified alcohol at 99.8-99.9% made from cassava or sugar residue that is blended with unleaded gasoline to make gasohol, a fuel used in the transport sector. […]
Read MoreThe central bank kept the key interest rate unchanged at a record low at its March 25 meeting to preserve policy room amid heightened uncertainties from the coronavirus outbreak, minutes from the meeting showed on Wednesday. The Bank of Thailand’s monetary policy committee (MPC) voted 4-2 at that meeting to keep the one-day repurchase rate […]
Read MoreThe baht opened at 32.78 to the US dollar this morning (April 7), strengthening from Friday’s close of 32.95, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. He expected the baht to move between 32.70 and 32.95 to the US dollar today and between 32.50 and 33.00 this week. “On Monday night [Thailand […]
Read MoreThe Cabinet agreed on Tuesday (April 7) to extend the cash-handout period from three months to six months, Finance Minister Uttama Savanayana said after the Cabinet meeting. The government aims to provide Bt5,000 in cash per month to 9 million people from April 8 until September. As many as 24.2 million people have so far […]
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