Finance Minister Arkhom Termpittayapaisith said on Wednesday that monetary policy needed to be kept accommodative and be in step with fiscal policy to support the economy. Speaking to a business seminar organised by the Prachachart Thurakij business media group, the minister also said that exports should be able to underpin economic growth this year. “Monetary policy must […]
Read MoreThe cabinet on Tuesday greenlighted the public debt management plan which includes a new borrowing of 1.34 trillion baht for fiscal 2022, starting in October. According to Rachada Dhnadirek, deputy government spokeswoman, the public debt management plan also includes a plan to manage existing debt worth 1.55 trillion baht, along with a plan to repay […]
Read MoreThailand is looking to attract Indian travellers during the traditional holiday season to boost its tourism-reliant economy that’s been hit hard by the absence of mass holidaymakers from countries including China. The tourism industry expects Indians to resume travel in large numbers next month during Diwali, the Hindu festival of lights, said Somsong Sachaphimukh, vice […]
Read MoreThe World Bank has downgraded its economic growth forecast for Thailand this year to 1% from its earlier forecast of 2.2%, said its senior economist for Thailand Kiatipong Ariyapruchya. He added that the Thai economy is now expected to return to its pre-pandemic level in 2023, later than the previous forecast of 2022. The tourism […]
Read MoreHaving contracted over the past two years, Thailand’s overall food exports are forecast to grow by 3-5% this year, boosted by the recovering economies of Thailand’s key trading partners, baht weakness and progress in vaccine production and inoculations. Visit Limlurcha, president of the Thai Food Processors Association, said the association is feeling optimistic that the […]
Read MoreThailand’s retail sector in the last quarter, the peak sales season, is far from getting back to normal as most shoppers still fret over leaving their homes. As well, the number of big marketing events to stimulate consumer spending is also fewer than it should be due to uncertainties about the government’s measures to cope […]
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Thailand
