Finance Ministry Reduces New 2021 Economic Growth Forecast to 2.3% BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month. Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its…
Thailand to likely slash GDP forecasts after new COVID-19 wave Thailand’s central bank will likely slash its economic growth outlook for both this and next year as the country struggles with a rapidly spreading third wave of COVID-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and…
Private sector lowers economic forecast amid Covid surge The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate. The JSCCIB’s outlook was lower than the previous one in March of…
Government Will Maintain Vat Rate at 7% BANGKOK (NNT) – The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent. Government Spokesman Anucha Buraphachaisri said Thailand had set the VAT rate at 10 per cent under the Revenue Code…
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…
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…