Business

Covid-hit Chiang Mai hotel cuts room rate to 100 baht a night

  A HOTEL in Chiang Mai that has been badly affected by the Covid-19 pandemic cut its room rate to just 100 baht a night during Oct 10-12 and quickly got over 70% bookings, Amarin TV said this morning (Oct. 7). Sleep CNX hotel in Suthep sub-district, Mueang district, is among the hotels in this

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Business

Traders and politicians make risky arguments about low interest rates

  The Wall Street bulls embracing sky-high stock values and the Washington pols embracing big deficits may be ideological opposites, but they have something important in common. Both draw sustenance from near-zero interest rates which make stocks more valuable and debt more supportable. And both risk taking this basically sound logic to extremes. The rally

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Business

Bank of Thailand to cut growth forecast

The Bank of Thailand is expected to lower its 3.2% growth forecast for Thailand this year against the backdrop of increasing downside risks stemming from the persistent Covid-19 outbreak. The economy is expected “to expand somewhat lower than the previous forecast”, said MPC secretary Titanun Mallikamas, even though the central bank’s Monetary Policy Committee (MPC)

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