Source says 3,000 baht handout coming soon, PM says it’s a rumour Thais are getting some extra cash … Well, maybe. Reports say a 3,000 baht cash handout scheme is in the works to help revive the economy after the pandemic, but PM Prayut Chan-o-cha told the press it’s just a rumour, saying the Thai government…
Medical cannabis industry gears up to drive Thai economy Medical cannabis will be raised to the status of an economic crop in Thailand and exported across the world, according to a government subcommittee studying the draft law on cultivation of cannabis and Thai hemp. The subcommittee said Thai farmers should also have access to both…
Thailand posts fourth highest trade surplus in July Even though the trade surplus is rising, the current account surplus is narrowing this year, which suggests the Thai baht will remain an Asian underperformer over the remainder of the year The trade slump has bottomed A month ago, we noted that Thailand’s export slump bottomed in June. The trade data…
Thailand’s biggest economic slump since 1998 triggers more fiscal stimulus THAILAND’S economy suffered its biggest contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus. Data from the state planning agency showed a…
Thailand creates new economic centre to recover COVID-19-hit economy The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. Bangkok (VNA) – The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. The economic…
Thailand eyes using Hainan’s free trade port potential By 2025, the Chinese government intends to create an “international center for tourism and consumption” on Hainan HAIKOU, August 14. /TASS/. Chairman of the Board of Directors of the Thailand Association on Hainan, Yun Changliang, during a video conference with the participation of Deputy Bureau of International…
Thai second-quarter GDP to post record contraction, slow recovery seen: Reuters poll BANGKOK (Reuters) – Thailand’s economy likely shrank by a new record in April-June, a Reuters poll showed on Friday, as the coronavirus pandemic battered tourism and domestic spending, pointing to a long road to recovery. FILE PHOTO: A worker stands next to shipping…
Labour minister says unemployment less than half of predictions Thailand’s labour minister told a Friday press briefing that the number of unemployed people in Thailand is around 2 to 3 million, less than half the 7 to 8 million previously predicted. He said that since The National Economic and Social Development Council did the calculation,…
Thailand’s New Economic Team Takes Charge as Growth Sputters (Bloomberg) — Former banker Predee Daochai was inaugurated as Thailand’s new finance minister in Prime Minister Prayuth Chan-Ocha’s revamped Cabinet that’s tasked to lead the country out of its worst-ever economic crisis amid mounting anti-government protests. King Maha Vajiralongkorn sworn in Predee and Supattanapong Punmeechaow, a…
CCSA to allow sports gatherings, exempt Chinese fruit traders from travel ban The Centre for COVID-19 Situation Administration announced on Monday that will allow fans to attend sports events, and allow Chinese traders to enter Thailand for fruit export. The CCSA said that as Thailand approaches 80 days without a local Covid-19 transmission, it’s believed to be…