By Reuters and published by CNA THE Bhumjaithai-led coalition government will spend 10 billion baht ($307 million) to buy bad debt this month, the Finance Minister said today (Oct. 9), as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years,
Tag: economy
Economic policy consistency ‘will reduce risk of recession’
ALTHOUGH Thai gross domestic product (GDP) may dip in the third quarter of this year compared to the previous quarter the new government’s economic policy continuity will help mitigate the risk of recession with growth expected to recover slightly in the final quarter, according to a projection by Krungsri Research which PPTVHD 36 published
Read moreThai consumer confidence at lowest in over two years in August
By Reuters and published by CNA THAI consumer confidence dropped for a seventh consecutive month in August to its lowest level in 32 months due to concerns about a slow economic recovery, political instability, and US tariffs, a survey showed today (Sep. 11). But sentiment could improve under Thailand’s new government, said Thanavath Phonvichai,
Read moreThailand’s Q2 growth beats forecast but faces slowdown in H2 on tariffs
By Reuters and published by CNA THAILAND’S economy expanded faster than expected in the second quarter on strong export growth ahead of US tariffs taking full effect, but momentum is likely to slow over the rest of the year, the state planning agency said on Monday (Aug. 18). Southeast Asia’s second-largest economy grew 2.8
Read moreThai central bank cuts key rate by 25 bps, as expected
By Reuters and published by CNA THAILAND’S central bank lowered its key interest rate by a quarter point on Wednesday (Aug. 13), its fourth cut in 10 months as it looks to support a sluggish economy grappling with negative inflation and the impact of US tariffs. The Bank of Thailand’s monetary policy committee unanimously
Read moreThai economy slows in May on weaker tourism, production, central bank says
By Reuters and published by CNA THAILAND’S economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday (June 30). The tourism sector in May saw a decline in both revenue and
Read moreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first
Read more10-year tourist visa, 99-year govt land lease planned to spur economy
DEPUTY PRIME Minister/Finance Minister Pichai Chunhavajira said he is going to propose that 10-year tourist visa be issued to enable foreigners to easily work in Thailand alongside 99-year lease of government land as part of measures to spur the economy, Naewna newspaper said late afternoon today (May 18). In a speech on “Thailand’s Capital
Read morePM tells reporters to go ask dad about new court move
PRIME MINISTER Paetongtarn Shinawatra this evening (Apr. 30) told reporters to go ask her father/de facto Pheu Thai boss Thaksin Shinawatra about the Supreme Court announcing it is on its own assessing whether he had served a one-year jail term soon after dismissing a repeated lawsuit filed by a former lawmaker on this issue,
Read moreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
Read moreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of
Read moreQuake has short-term impact on economy: Julapun
DEPUTY Finance Minister Julapun Amornvivat said today (April 1) while Friday’s earthquake at Mandalay, Myanmar, with severe tremors felt in Thailand is unlikely to affect the Thai economy in the medium- to long-term there will be an impact in the short term, especially the property market, TV Channel 7 said today (April 1). He
Read moreThaksin: Govt opening door for using Bitcoin in Phuket
DE FACTO Pheu Thai boss Thaksin Shinawatra said at dinner talk last night (Jan. 13) that the government is moving to allow payment by Bitcoin in Phuket with recipients not at any risk at all as this is another currency in the world, Naewna newspaper said. At the dinner talk held at Dusit Thani
Read moreThaksin confident Thailand will be debt-free by 2027
DE FACTO Pheu Thai boss Thaksin Shinawatra said at a rally for his party’s candidate in the upcoming election for Chiang Rai’s Provincial Administrative Organization chairman today (Jan. 5) that he is confident Thailand will be debt-free by 2027, TV Channel 7 said this evening. In drumming up support for Mrs. Salakcharit Tiyapairat in
Read moreThai consumer confidence rises in November on stimulus measures
By Reuters and published by CNA THAI consumer confidence rose for a second consecutive month in November, bolstered by government economic measures and tourism, a survey showed today (Dec. 12). The consumer index of the University of the Thai Chamber of Commerce increased to 56.9 in November from 56.0 the previous month, the university
Read moreThai consumer confidence falls to 17-month low in September
By Reuters and published by US News & World Report THAI consumer confidence dropped for a seventh consecutive month in September to its lowest level in 17 months, due mainly to concerns about slow economic growth and floods in parts of the country, a survey showed today (Oct. 10). The consumer index of the
Read moreThai economy helped by exports and manufacturing in August, but tourism slows
[corner-ad id=”1″] By Reuters and published by CNA THAILAND’S economy remained at similar levels in August from the previous month, the central bank said on Monday (Sep. 30) with economic activity supported by exports and manufacturing, but tourism slowed. Exports, a key driver of the Thai economy, rose 11.4 percent in August from a year
Read moreTop executive worried about a repeat of ‘Tom Yum Kung’ crisis
By Naewna and Reuters – published by Yahoo!News WITH the Thai baht having rapidly gained strength and businesses urging the central bank to take measures to stabilise the Thai currency, a warning was issued by TPI Polene Plc CEO Prachai Leophairatana today (Sep. 29) that a repeat of the 1997 “Tom Yum Kung” crisis
Read more400 baht minimum wage taking effect this year: PM
By Naewna and Reuters – published by CNA PRIME MINISTER Paetongtarn Shinawatra said today (Sep. 24) her government intends to increase the minimum wage to 400 baht within this year after the tripartite wage committee failed to reach a conclusion on hiking it on Oct. 1 as planned, Naewna newspaper said. Speaking at Government
Read moreExclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
By Reuters and published by CNA THAILAND’S central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months. The government has
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