Economy and commerce

Fresh stimulus measures announced by governments and central banks hiked the value of stocks in Thailand by almost 8 per cent on Friday (March 20).Cheered further by the rebounding crude oil price, the Stock Exchange of Thailand (SET) index closed at 1,127.24 for an increase ...

Land transport from Thailand is expected to drop sharply this year.The Land Transport Federation of Thailand (LTFT) expects shipments overland to continue to drop because of the Covid-19 outbreak limiting demand worldwide.The organisation is concerned food exports will be particularly affected as food products and ...

The Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero.Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact ...

Economists have urged the government to expand the fiscal deficit to up to 600 billion baht, while more stimulus packages are hopefully on course to counter the impact of the Covid-19 outbreak in Thailand.Secretary to the Council of Economic Ministers, Kobsak Pootrakool, says that the ...

Ahead of the March 25 Monetary Policy Committee meeting, central bank governor Veerathai Santiprabhob discusses the need to “act early” with previous monetary policy easing and warns the foreign exchange rate will continue to be highly volatile against the backdrop of the Covid-19 outbreak. Keep watching ...

Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks.The steps to be considered Monday include placing more curbs on foreign arrivals, cancelling events with big crowds and closing ...

Siam Commercial Bank’s Economic Intelligence Centre (EIC) has warned Thailand is on course for a technical recession in the first half of the year as the centre cuts its 2020 GDP forecast for the country to -0.3% from the previous 1.8% due to the increasing ...

The fast-spreading new coronavirus (Covid-19) is posing as many challenges for economies as for public health.According to data on March 13, the total number of infected people worldwide exceeded 120,000, while the World Health Organisation (WHO) has declared the Covid-19 outbreak a global pandemic with ...

The government looks set to allow Village Funds to pay 1,000-2,000 baht to 13 million members for fund-related activities nationwide to promote domestic spending.According to Rakpong Sengcharoen, head of the National Village and Urban Community Office, increased domestic spending will help offset somewhat the sharp ...

The headline consumer price index (CPI) in February rose 0.74% from a year earlier, slowing from the previous month and below expectations, commerce ministry data showed on Thursday.A Reuters poll had forecast the headline CPI would rise 0.77% year-on-year in February after January’s 1.05% increase.Keep ...