BoT Will Launch Retail CBDC to Secure Financial Services BANGKOK (NNT) – The Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services. BoT assistant governor Vachira Arromdee said the development of a Retail CBDC…
Thailand: Chao Phraya River As A Local Potential For Economic And Human Security – OpEd The most important aspect of human security is economic. Moreover, after the end of cold war, the focus of countries in the world is not about increasing military power to deal with threats from other countries, but instead on how…
Higher Spending Supports Economic Recovery in February BANGKOK (NNT) – The Bank of Thailand (BoT) has reported that the economy gradually recovered in February, mainly supported by higher private consumption and a slower spread of Covid-19. BoT’s senior director of the economic and policy department Chayawadee Chai-Anant said higher private consumption is largely due to improvement…
Lessons from the 1997 economic crisis Today is April Fools’ day. But there is no fooling about the threat of liquidity crisis. I am sure that many readers are sceptical about the possibility of a liquidity crunch in this country. First, the government debt to GDP ratio is less than 60% which is not high…
Chamber pledges economic revival The Thai Chamber of Commerce vows to help revitalise the economy in 99 days under its “Connect the Dots” policy, with faster Covid-19 vaccine distribution at the core. By connecting the dots, the chamber means it will work as a focal point to connect the state and private sector and individuals…
Thailand: Central bank slashes 2021’s GDP growth forecast to 3 percent The Bank of Thailand has slashed its economic growth forecast this year to 3 percent from 3.2 percent made in December, given the impact of the second wave of COVID-19 infections and tepid tourism. Bangkok (VNA) – The Bank of Thailand has slashed its economic growth forecast…
Govt pins economic hopes on post-Covid era Thailand must look to growth opportunities post Covid-19, Deputy Prime Minister Supattanapong Punmeechaow said on Friday. Thailand would be attractive tor foreign investors after the threat of Covid-19 is lifted and growth would be likely in the medical and tourism sectors, he said “Thailand will be interesting for…
Government Expects Bt250 Billion Circulation from Stimulus Packages BANGKOK (NNT) – The government has estimated that the three key economic stimulus packages — the co-payment scheme, the We Win financial aid program and the Section 33 We Love Each Other program — could pump at least 250 billion baht in monetary circulation as of March…
50:50 campaign reaches 100 billion baht transaction milestone BANGKOK (NNT) – The total value of transactions in the government’s 50:50 co-pay campaign has reached 100 million baht. Campaign participants now have until 31 March to use up all their remaining allowance. The Ministry of Finance revealed the government’s 50:50 co-pay campaign for general purchases has…
World Bank supports continued government economic stimulus BANGKOK (NNT) – The World Bank has encouraged the Thai government to continue its economic stimulus measures with a focus on businesses directly impacted by the COVID-19 pandemic such as those in the tourism sector. Senior country economist of the World Bank for Thailand Kiatipong Ariyapruchya has noted…