Economy and commerce

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.The ministry is worried the Russia-Ukraine war will affect its target for foreign ...

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

A researcher at the Thailand Development Research Institute (TDRI) says he supports some of the measures announced by the government on Tuesday to ease living costs, but notes that some could affect the social security system in the long run.This week the government announced a ...

Thailand’s finance minister said on Thursday high oil prices and inflation should be temporary.The government has approved support measures in a bid to help ease the impact of oil prices and the higher cost of living, Arkhom Termpittayapaisith told a business seminar.Keep reading ...

Thailand expects the economy to grow no less than 3per cent this year, helped by a raft of support measures to mitigate the impact of soaring oil prices, a government spokesman said on Wednesday.The measures, approved on Tuesday, would be worth at least 50 billion ...

Thailand’s exports rose by a more than expected 16.2per cent in February from a year earlier on improved global demand while the Russia-Ukraine war had yet to affect trade, the commerce minister said on Thursday.That compares with a forecast for a rise of 10.2per cent ...

The Bank of Thailand (BOT) expects Russian banks’ removal from the Swift international transaction system to trigger a rise in inflation, volatility of the baht against the dollar and limited impacts on Thai trade and investment in Russia.“However, Thailand’s financial stability is still in good ...

The Justice Ministry has helped 4,130 people settle debts of Bt921.65 million at the first “Festival for household debt settlement”, held at the Bangkok International Trade & Exhibition Centre on Friday and Saturday.Justice Minister Somsak Thepsuthin said on Monday that the event was a “success”.Somsak ...

The economy improved in February after a moderate slowdown the previous month, owing to an easing of coronavirus curbs and a resumption of a quarantine waiver for foreign tourists, the central bank said on Monday.The Russia-Ukraine crisis is likely to push up inflation and cause ...

The government is advised to speed up state expenditure in fiscal 2022 to lift the economy, which is trapped by rising energy prices and the impact of persistent Covid-19 outbreaks.Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the Russia-Ukraine crisis ...