Chadchart urges residents to get booster shot after Covid count climbs
BANGKOK Governor Chadchart Sittipunt urged residents in the capital to get their Covid-19 booster shot as the number of people getting infected has almost doubled over the past 10 days, Matichon newspaper said today (Dec. 1). Two Covid patients in the capital died and both of them were not vaccinated, indicating that those who […]
Read MoreCovid-hit Chiang Mai hotel cuts room rate to 100 baht a night
A HOTEL in Chiang Mai that has been badly affected by the Covid-19 pandemic cut its room rate to just 100 baht a night during Oct 10-12 and quickly got over 70% bookings, Amarin TV said this morning (Oct. 7). Sleep CNX hotel in Suthep sub-district, Mueang district, is among the hotels in this […]
Read MoreBank of Thailand keeps key interest rate at record low
The Bank of Thailand (BoT) has kept its key interest rate unchanged, keeping it at a record low of 0.5% yesterday (May 5), as the economy struggles with a third wave of Covid-19, NNT said today. The central bank said in a statement that economic growth is likely to slow sharply due to the third […]
Read MoreTraders and politicians make risky arguments about low interest rates
The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally […]
Read MoreBank of Thailand to cut growth forecast
The Bank of Thailand is expected to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. The economy is expected “to expand somewhat lower than the previous forecast”, said MPC secretary Titanun Mallikamas, even though the central bank’s Monetary Policy Committee (MPC) […]
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