Thailand to spend 10bn baht to buy bad household debt, stocks edge up nearly 1%
By Reuters and published by CNA THE Bhumjaithai-led coalition government will spend 10 billion baht ($307 million) to buy bad debt this month, the Finance Minister said today (Oct. 9), as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years, […]
Read MoreEconomic policy consistency ‘will reduce risk of recession’
ALTHOUGH Thai gross domestic product (GDP) may dip in the third quarter of this year compared to the previous quarter the new government’s economic policy continuity will help mitigate the risk of recession with growth expected to recover slightly in the final quarter, according to a projection by Krungsri Research which PPTVHD 36 published […]
Read MoreThai consumer confidence at lowest in over two years in August
By Reuters and published by CNA THAI consumer confidence dropped for a seventh consecutive month in August to its lowest level in 32 months due to concerns about a slow economic recovery, political instability, and US tariffs, a survey showed today (Sep. 11). But sentiment could improve under Thailand’s new government, said Thanavath Phonvichai, […]
Read MoreThailand’s Q2 growth beats forecast but faces slowdown in H2 on tariffs
By Reuters and published by CNA THAILAND’S economy expanded faster than expected in the second quarter on strong export growth ahead of US tariffs taking full effect, but momentum is likely to slow over the rest of the year, the state planning agency said on Monday (Aug. 18). Southeast Asia’s second-largest economy grew 2.8 […]
Read MoreThai central bank cuts key rate by 25 bps, as expected
By Reuters and published by CNA THAILAND’S central bank lowered its key interest rate by a quarter point on Wednesday (Aug. 13), its fourth cut in 10 months as it looks to support a sluggish economy grappling with negative inflation and the impact of US tariffs. The Bank of Thailand’s monetary policy committee unanimously […]
Read MoreThai economy slows in May on weaker tourism, production, central bank says
By Reuters and published by CNA THAILAND’S economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday (June 30). The tourism sector in May saw a decline in both revenue and […]
Read MoreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first […]
Read More10-year tourist visa, 99-year govt land lease planned to spur economy
DEPUTY PRIME Minister/Finance Minister Pichai Chunhavajira said he is going to propose that 10-year tourist visa be issued to enable foreigners to easily work in Thailand alongside 99-year lease of government land as part of measures to spur the economy, Naewna newspaper said late afternoon today (May 18). In a speech on “Thailand’s Capital […]
Read MorePM tells reporters to go ask dad about new court move
PRIME MINISTER Paetongtarn Shinawatra this evening (Apr. 30) told reporters to go ask her father/de facto Pheu Thai boss Thaksin Shinawatra about the Supreme Court announcing it is on its own assessing whether he had served a one-year jail term soon after dismissing a repeated lawsuit filed by a former lawmaker on this issue, […]
Read MoreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath […]
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