Economy and commerce

Thailand’s key policy rate to stay at 0.50 per cent

The Monetary Policy Committee (MPC) has decided to keep the policy interest rate at 0.50 per cent per year.MPC secretary Piti Disyatat said on Wednesday after the meeting that four members voted to maintain the policy rate at 0.50 per cent while three members voted ...

The Nation Reporter

Prayut urges steady interest rates

Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.Gen Prayut also vented his growing concern over a surge in the inflation rate after headline inflation, gauged by ...

Bangkok Post Reporter

Shippers keep faith in 5-8% growth view

A group of Thai exporters remains bullish on the country’s prospects this year, despite slower growth in April.Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the council believes 5-8% growth for the country’s export sector is still achievable, with key drivers including ...

Bangkok Post Reporter

FTI urges maintaining diesel price subsidy

Thailand’s inflation rate is expected to stand at 4-5% throughout this year, prompting the need for the government to maintain its diesel price subsidy programme, says the Federation of Thai Industries (FTI).The estimate is based on the latest survey of 200 executives across 45 industries ...

Lamonphet Apisitniran

Government, BOT working closely to create cashless society

The government and the Bank of Thailand (BOT) are successfully moving the country towards a cashless society and digital economy, government deputy spokeswoman Ratchada Thanadirek said.Ratchada said on Monday that the government and the BOT have a significant role to play in this transition with ...

The Nation Reporter

Lancang-Mekong 'soft connectivity'

China has collectively consulted, contributed to and shared in the development of the Lancang-Mekong region with the five Mekong countries — Thailand, Myanmar, Cambodia, Laos and Vietnam — over the past five years, helping to promote economic sustainability and connectivity.The Lancang-Mekong Cooperation (LMC) framework is ...

Bangkok Post Reporter

Govt plans B55bn savings bond issue in June

Thailand will sell 55 billion baht of government savings bonds next month to help finance a budget deficit, a Finance Ministry official said on Monday.The 5-year and 10-year bonds will be offered to the public with yearly average coupon of 2.9% and 3.6% respectively, said ...

Thai economy hit by China’s zero-Covid policy, import restrictions: NESDC

China’s zero-Covid policy, agricultural import restrictions, and shift away from global dependence will hit Thailand’s economy, warned a government agency on Sunday.The National Economic and Social Development Council (NESDC) said it was monitoring China closely after the country imposed Covid-19 lockdown measures on Shanghai and ...

The Nation Reporter

Inflation rises in April

Thailand’s inflation rate saw a continuous increase in April, due to the rising fuel prices driven by the armed conflict in Ukraine. The Thai government’s trade policy office now expects the average inflation rate for the entire year to fall within the expected 4-5% margin.Continue ...

Co-payment scheme to be extended

The government has pledged to implement a fifth phase of the “Khon La Khrueng” co-payment subsidy scheme after Friday approving tourism stimulus packages to revitalise the embattled sector.According to Prime Minister Prayut Chan-o-cha, the government wants to extend the scheme and is studying the possibility ...

Bangkok Post Reporter

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