Thai central bank announces series of measures to contain baht rise BANGKOK (CNA) – Thailand’s central bank unveiled yesterday new measures aimed at balancing capital flows after warning a rapid jump in the baht risked undermining the economy amid renewed inflows into emerging markets. The Bank of Thailand will allow Thais to freely deposit and…
S&P keeps BBB+ Thai credit rating The Finance Ministry is confident the Thai economy will steadily recover after Standard & Poor (S&P) Global Ratings kept the kingdom’s sovereign credit rating at BBB+. Finance Minister Arkhom Termpittayapaisith said S&P not only maintained Thailand’s sovereign credit rating but also rated its economy as having a Stable Outlook.…
CESA okays TAT’s stimulus measures The Centre for Economic Situation Administration (CESA) has approved tourism promotion and stimulus measures proposed by the Tourism Authority of Thailand (TAT) to lure back foreign tourists to Thailand. The measures comprise special tour packages and the approval for Thailand Elite Card holders to invest in property and other investments.…
RCEP to lead trade, investment to Thailand: Thai expert BANGKOK, Nov. 18 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) trade agreement means a big opportunity for Thailand, leading trade and investment into the country, a Thai expert has said. Wisan Bubpwaet, senior consultant of Thailand Development Research Institute, told Xinhua on Tuesday that RCEP…
Deputy PM says rise of Thai baht is only temporary Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to…
EXIM Bank forecasts Thai exports growth as high as 4 per cent in 2021 EXIM Thailand President said that the Bank has forecasted Thai export growth of as high as 4% in 2021 attributable to a short-term recovery of global trade and economy from a low base of -10%. Such growth may not be so…
Economy shrinks 6.4% in busy Q3 Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is…
Bangkok metered taxis can now charge special fees for luggage The Transport Ministry has announced that as of Tuesday, Bangkok metered taxis will be allowed to charge passengers handling fees for large luggage items, but not for equipment such as wheelchairs or walking sticks. Under the new regulations, taxis will be allowed to charge luggage…
What’s wrong with Thailand? Five ambassadors urged to open up Thailand to foreign skilled labour, cut red tape on foreign investment to allow Thailand to move in the top 10 of the World’s Bank’s ease of doing business index Thailand has made very impressive gains in recent years in the World Bank’s Ease of Doing…
Thai Economy Sees Slower Contraction With Stimulus Spending (Bloomberg) — Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4% from a year ago, the National Economic and Social Development…