The Bank of Thailand still has monetary policy space for further rate cuts to cushion the impacts from the Covid-19 outbreak and the central bank will take into account the US Federal Reserve’s emergency rate cut at its upcoming meeting, says a senior official at the Finance Ministry. The rate cut would support the Finance […]
Read MoreUnsettled disputes between tour operators and airlines may exacerbate the tourism situation in Thailand by forcing outbound wholesalers to exit the market and more layoffs. The global coronavirus pandemic has created significant impacts to global tourism as the World Tourism Organization (UNWTO) has predicted a contraction of international arrivals by 1-3% with an estimated loss […]
Read MoreThe Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero. Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact of the coronavirus disease (Covid-19) pandemic “The Monetary Policy […]
Read MoreThailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks. The steps to be considered Monday include placing more curbs on foreign arrivals, cancelling events with big crowds and closing entertainment venues deemed risky for spreading the virus. Confirmed […]
Read MoreRetailers are insisting that supplies of essential goods remain unaffected as people rush to buy basics like instant noodles, canned foods and toilet paper amid fears of a coronavirus-prompted lockdown. “Basic goods are not in short supply and, above all, manufacturers can still boost production capacity to cope with higher demand,” Chatrchai Tuongratanaphan, executive director […]
Read MoreThe coronavirus pandemic is taking a heavy toll on Thailand’s restaurant business, with 5,000-7,500 operators expected to throw in the towel this year. Ladda Sampawthong, president of the Restaurant Business Association, said the contagion is only the latest in a series of negative factors. “We’ve experienced several difficult times in the past decade, and overcame […]
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