Business

Cabinet approves additional holiday in May to spur economy

  By TV Channel 7 and Reuters – published by CNA THE cabinet today (Jan. 10) approved Friday May 5, 2023 as an extra public holiday to allow for a four-day long weekend from Thursday May 4, 2023, which is Coronation day, TV Channel 7 said this afternoon. This step was taken to stimulate the

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Business

Central bank raises key rate, trims growth outlook on global slowdown

By Reuters and published by CNA THAILAND’S central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day

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Business

Ex-minister: Whole economic structure needs adjusting due to rising food prices

  FORMER commerce minister Sontirat Sontijirawong said in a Facebook post today (Jan. 15) that with prices of daily necessities having jumped amid low wages it is now necessary to adjust the whole economic structure, Matichon newspaper said. He warned that the entire economy could collapse and if this happened it would take a long

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Business

Government moves to allow ‘high potential’ foreigners buy land

THE CABINET last Tuesday (Sept. 14) approved measures to attract “high potential” foreigners to the country by offering them various benefits among which is the right to buy land, Thai Rath newspaper said today (Sept. 18). Ms. Ratchada Thanadirek, deputy spokesperson for the Prime Minister’s Office, said these measures are aimed boosting the Thai economy

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Business

Finance Minister says expected 2.8% growth not satisfactory

By Reuters Staff, published by Todayonline.com THAILAND’S economy may grow 2.8% this year but is still not satisfactory, but fiscal measures will continue to support economic recovery as tourism remains weak, the country’s finance minister said today (March 3) Southeast Asia’s second-largest economy, which is heavily reliant on tourism and exports, contracted 6.1% last year,

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Business

PM confident economy is recovering, welcomes Bloomberg boost

PRIME Minister Prayut Chan-o-cha is pleased that Thailand topped a Bloomberg study of 17 developing markets gauging their outlook for 2021 pointing out that this is a result of various economic stimulus measures and will boost confidence in trade and investment in the new year, Siam Rath newspaper reported today (Dec. 21). The Bloomberg report,

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