Thailand’s economic outlook would be substantially affected by a surge in coronavirus cases, minutes of the central bank’s last policy meeting showed on Wednesday, as the Bank of Thailand (BoT) saw a need to preserve limited policy room. On Dec 23, the central bank’s Monetary Policy Committee left the one-day repurchase rate at a record […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday lowered its growth forecast to 1.5-3.5% this year, from 2.0-4.0% projected last month, saying the country’s new coronavirus outbreak, its most severe yet, will hamper an economic recovery. The downgrade is based on an assumption that the new epidemic is controlled within three […]
Read MoreThai tourists who made hotel bookings under the Rao Tiew Duay Kan (We Travel Together) co-payment scheme and cancelled or postponed their reservations due to concerns over Covid-19 will not lose their privileges under the campaign, according to the government. Deputy government spokeswoman Traisuree Taisaranakul said on Tuesday the government is holding talks with the […]
Read MoreThailand’s headline consumer price index (CPI) in December dropped a less than expected 0.27% from a year earlier, the commerce ministry said on Tuesday. That compared with the forecast for a 0.40% fall in a Reuters poll and followed November’s 0.41% decline. The core CPI index rose 0.19% from a year earlier, compared with a […]
Read MoreThe Bank of Thailand is set to discuss surging infections with the Thai Bankers Association (TBA) concerning the continuity of business operations and assistance for borrowers. The central bank and the TBA were set to meet near the end of last year to discuss banks’ debt restructuring progress, but the meeting was postponed due to […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 14.76% year-on-year in the first nine months of 2020, in line with the country’s lower overall exports because of the pandemic. Active utilisation of the privileges under the two schemes was seen particularly in food, […]
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