Bloomberg
Thailand Targets $57 Billion Investment in Green, Tech Sectors
Thailand expects foreign and local companies to pump in about 2 trillion baht ($57 billion) into sectors such as electric vehicles, smart electronics and technologies to build a green and sustainable economy by 2030.The fresh investments may generate 625,000 new jobs and add 1.7 trillion ...
Thailand Inflation Moderates Ahead of Central Bank Rate Decision
Thailand’s core inflation surged to the highest since 2008 on higher energy and food costs, piling pressure on the nation’s central bank to start raising interest rates.Core price gains, which strips out volatile food and fuel items, was 3% in July, quickening from 2.51% a ...
Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...
Thailand Bans Gatherings as Covid Cases, Deaths Hit Record
Thailand banned gatherings nationwide and may implement further restrictions as the country saw daily coronavirus cases and deaths surge to fresh records.The Southeast Asian nation reported 10,082 new infections on Saturday, exceeding 10,000 for the first time, despite the imposition of lockdown-like restrictions since Monday. ...
Thailand’s Vaccine Rollout Gets Chaotic With Cancellations, Dose Shortages
Thailand’s vaccine rollout is trailing its target as a jab shortage and moves to prioritize workers to shield the economy trigger chaos and mass cancellation of appointments.The Bangkok Metropolitan Administration and dozens of hospitals across the country have postponed some of the scheduled vaccinations for ...
Thailand Prepares 6 Million Shots For Mass Rollout’s First Month
Thailand aims to administer as many as 6 million shots to protect against Covid-19 this month, as it begins a mass vaccination program amid the nation’s worst coronavirus outbreak since the pandemic began.The government plans to distribute about 2 million doses of AstraZeneca Plc and ...
Thailand Unveils $16 Billion Borrowing to Fund Covid Relief
Thailand’s King Maha Vajiralongkorn endorsed a $16 billion borrowing plan to shield Southeast Asia’s second-largest economy from the impact of a raging coronavirus outbreak that’s threatening a nascent recovery and plans to reopen borders to tourists.The government can borrow 500 billion baht ($16 billion) in ...
Thailand Extends State of Emergency as Covid Deaths Surge
Thailand will extend a nationwide state of emergency to tackle the coronavirus pandemic for another two months as the deadliest phase of the outbreak to hit the nation so far shows no signs of easing.The Center for Covid-19 Situation Administration, headed by Prime Minister Prayuth ...
Thailand Said to Plan $22 Billion Borrowing for Covid Relief
Thailand plans to borrow an additional 700 billion baht ($22.3 billion) to fund measures to counter the worst wave of Covid-19 outbreak to hit Southeast Asia’s second-largest economy, people familiar with the matter said.A meeting of the cabinet chaired by Prime Minister Prayuth Chan-Ocha on ...
World Bank Sees $6 Billion Wasted on Plastics in Southeast Asia
Southeast Asian countries lose out on as much as $6 billion a year as most of their single-use plastics are thrown out rather than recovered and recycled, the World Bank said in a new study.More than 75% of recyclable plastics in Malaysia, Thailand and the ...