The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, as widely expected, but slightly lowered its 2021 GDP growth forecast after a second wave of coronavirus infections hit economic activity. The economy continues to rebound but the risks remain high, the central bank said in a statement, […]
Read MoreThe Monetary Policy Committee (MPC) will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year. All 25 economists surveyed by Bloomberg expect the Bank of Thailand’s commitee to keep the policy rate at 0.5% for a seventh […]
Read MoreCovid-19 vaccinations for airline workers have to proceed within the next two months to be aligned with the tourism sandbox in Phuket aiming for July, says the Airlines Association of Thailand (AAT). “A tourism rebound will largely depend on the pace of inoculations which can build confidence among both workers and passengers,” said Puttipong Prasarttong-Osoth, […]
Read MoreSINGAPORE: South-East Asian oil and fuel demand has hit a plateau after an initial recovery from the Covid-19-induced slump and appears unlikely to get back to pre-virus levels until the end of the year or later. A slow rollout of vaccinations and a resurgence in cases in the region of almost 700 million people is […]
Read MoreIn collaboration with 14 state agencies, the Securities and Exchange Commission (SEC) is planning to create a “government digital wallet” to store all digital assets seized or frozen by the state as proceeds of crime in order to make the assets more secure. The wallet will also improve the SEC’s efficiency in enforcing the Digital […]
Read MoreThe cabinet has approved the extension of the (We Travel Together ) scheme to cover an additional 2 million people, to boost domestic tourism. The cabinet meeting on Tuesday, chaired by Prime Minister Prayut Chan-o-cha, approved the third-phase extension of the stimulus package. The cabinet also approved a packaged tour stimulus programme, Tour Tiew Thai. […]
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