Stock markets plunged in Thailand and around the globe on Thursday as investors panicked over the possibility of interest rates rising after US inflation surged 4% in April, exceeding targets. High inflation in the US may cause the Federal Reserve to taper quantitative easing (QE) and increase interest rates, causing overall liquidity in the markets […]
Read MoreThe Tourism Authority of Thailand (TAT) has downgraded its outlook for domestic trips and tourism receipts this year because of the economic downturn, with the third wave undermining domestic tourism. TAT governor Yuthasak Supasorn said the country needs to maintain the momentum of the 90.5 million domestic trips recorded last year with support from upcoming […]
Read MoreThe Bank of Thailand is set to announce phase 3 of its debt restructuring measures for individual borrowers on Friday to help ease hardships stemming from the impact of the third wave of Covid-19. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank plans to offer financial aid to borrowers on a case-by-case […]
Read MoreThe government’s “community bank” is receiving support after the cabinet approved tax and fee incentives to help businesses. Deputy government spokeswoman Traisuree Taisaranakul said on April 27, the cabinet signed off on tax and fee incentives to support the community bank, as well as endorsed a reduction of the property transfer and mortgage fees for […]
Read MoreThailand is a leading adopter of emerging payment methods in Asia-Pacific, driven by the pandemic and enthusiasm from the young generation, according to Mastercard, a global financial service operator. Meanwhile, a survey by Visa — another global digital payment operator — suggests nearly half of all Thais are likely to avoid using cash in the […]
Read MoreAccumulated Covid insurance premiums spiked by 2.2 billion baht from 6.45 million policies in April, driving the total premiums received to 7.15 billion baht over 14 months since the beginning of the pandemic. The accumulated value of claims received from Covid insurance in April also rose to 138 million baht, spurred by surging new infections, […]
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