Bloomberg

The Bank of Thailand held its benchmark interest rate steady at an all-time low as fiscal measures take the lead in reviving the economy amid a renewed outbreak of Covid-19.The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting ...

Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even ...

Thailand’s gross domestic product could underperform next year if tourism remains weak, even as this year’s economic performance may beat sharply reduced forecasts, the country’s central bank head said Friday.All reasonable policy options are on the table in such a situation, although there’s currently no ...

Thailand’s economy will shrink this year by less than previously estimated as government support measures alleviate the impact of the coronavirus pandemic, according to the finance ministry.The Southeast Asian nation, which has seen trade and tourism battered by the pandemic, will contract 7.7% in 2020, ...

Thailand is finalizing a plan that would make it possible for retired, sun-seeking Europeans to spend the upcoming winter months in the country in an effort to save its ailing tourism industry.Although the Asian nation’s borders have been closed to most foreigners since late March ...

Thailand has threatened to take legal action over posts made to social media platforms critical of the monarchy as student-led protests calling for greater democracy and curbs to the power of King Maha Vajiralongkorn gather steam across the country.Digital Economy Minister Buddhipongse Punnakanta ordered authorities ...

Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on Thursday, compares with a previous projection of 2.4% growth. The central bank is estimating the economy ...

The Bank of Thailand cut its benchmark interest rate for the third time this year to a record low as the economy is expected to shrink further amid the coronavirus pandemic.The central bank lowered the policy rate by 25 basis points to 0.5 per cent ...

A vaccine for the novel coronavirus is needed to help reverse a plunge in Thailand’s critical tourism sector, according to the agency that promotes the industry.Visitor numbers are set to tumble 60% to 16 million this year, almost halving foreign tourism income, but those numbers ...

Rising coronavirus cases in Thailand dimmed the outlook for a quick rebound in tourism, sending the nation’s equities benchmark to rank as the world’s worst performer.Thailand’s SET Index’s 5.1% slump on Wednesday, most in six years, came after the government said confirmed cases of the ...