The Medical Hub Policy Administration Committee has proposed granting a 90-day visa-free stay to Japanese and US nationals who enter the country for medical services, according to Deputy Prime Minister and Public Health Minister Anutin Charnvirakul. He said the decision is intended to promote medical tourism as part of the government’s policy of developing Thailand […]
Read MoreThe baht is likely to appreciate further as the local currency is less sensitive towards global risks, with limited room to manoeuvre Thailand’s monetary policy seen as an attribute, says Kasikornbank (KBank). The baht’s value is less prone to external volatility compared with other currencies in Asian emerging markets because the local currency’s fundamentals are […]
Read MoreThe Office of the Cane and Sugar Board (OCSB) projects the sugar industry will lose 10 billion baht in the upcoming sugar-crushing season because of the baht’s appreciation and the global oversupply. The season usually starts in late November and ends in early May. “Thai farmers and millers will suffer from these negative factors,” said […]
Read MoreThe Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom. He said Thai government is in a strong fiscal position and has not borrowed much from the ADB. However, The ADB has provided loans to […]
Read MoreThe Bank of Thailand (BoT) left its benchmark interest rate unchanged after last month’s surprise reduction, and said it may consider steps to rein in the currency’s strength as economic growth weakens. The Monetary Policy Committee voted unanimously Wednesday to hold its key rate at 1.50%, the central bank said in a statement. That was […]
Read MoreThe Monetary Policy Committee on Wednesday (September 25) reduced its forecast for economic growth this year from 3.3 to 2.8 per cent and for next year from 3.7 to 3.3 per cent. “This is the fourth adjustment since last year,” said its secretary, Titanun Mallikamas. “In June 2018 the committee estimated GDP growth at 4.2 […]
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Thailand
