The government should not have a problem repaying public debt, even if it borrows more in the future, says Finance Minister Arkhom Termpittayapaisith. The State Monetary and Fiscal Policy Committee’s decision on Monday to raise the ceiling of the public debt-to-GDP ratio from 60% to 70% will allow further borrowing to rehabilitate an economy battered […]
Read MoreHua Hin is likely to be the only one of the five destinations scheduled to reopen to vaccinated tourists on Oct 15 to reach the required inoculation rate of 70% for residents. Tourism Authority of Thailand governor Yuthasak Supasorn said Hua Hin municipality and Nong Kae district are expected to reach the 70% vaccination target […]
Read MoreMANILA, Philippines — The Philippines is expected to further boost its rice imports next year to 2.2 million metric tons (MT) mainly due to improving economic conditions, according to the United States Department of Agriculture (USDA). In its latest grain and feed update, the USDA’s Foreign Agricultural Service (FAS) said it is revising upward its […]
Read MoreBangkok Post – Thailand jumped 19 places from a year ago in a new global digital wellbeing study, but is still behind Malaysia and Singapore in Southeast Asia. The third annual edition of the Digital Quality of Life Index (DQL) ranks Thailand 44th among 110 countries, with Singapore sixth and Malaysia 31st. The top five, […]
Read MoreWe believe Thailand’s current account surplus will shrink from 3.5% of GDP in 2020 to 0% this year, with the risk of falling into a full-year deficit. For the year to July 31, the current account posted a US$9.3-billion deficit, compared with a surplus of $12.9 billion in the same period last year. This has […]
Read MoreMANILA (AFP) – The Asian Development Bank (ADB) warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. A shortage of doses, which has hampered efforts to inoculate the vast region stretching from the Cook Islands in the […]
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