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Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...

The committee overseeing foreigners’ investment under the Foreign Business Act permitted 22 foreigners to invest in Thailand in June, according to the Department of Business Development’s director-general, Vuttikrai Leewiraphan.Most of them are from Japan, Singapore and China with total foreign direct investment (FDI) of Bt1.587 ...

Thailand will sign up volunteers in August-September to test the Covid-19 vaccine and conduct the first trial on a human in October, said Higher Education, Science, Research and Innovation Minister Suvit Maesincee.Suvit said he was informed by Chulalongkorn University’s Chula Vaccine Research Centre and the ...

Uncertainty is unhealthy for investments and the prime minister is being urged to exercise his leadership by spelling out whether or not the current economic team will stay put in the next reshuffle.Some economists have predicted the economy could get a lot worse before it ...

Thailand’s cabinet on Wednesday approved a budget of up to 100 billion baht ($3.2 billion) for projects aimed at reviving an economy hit by the coronavirus outbreak, the prime minister said.The projects will mainly support households and farmers as well as providing jobs, Prayuth Chan-ocha ...

The World Bank forecasts it will take Thailand at least two years to resume its pre-Covid real growth level – already one of the lowest in the region at 2.8% in 2019 – while the pandemic promises to swell the growing ranks of the country’s ...

Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday.The ‘Covid-19 and Tourism’ report released by the United Nations Conference on Trade and Development ...

Foreign tourists will be allowed back into the country in August under “travel bubble” arrangements, Tourism and Sports Minister Phiphat Ratchakitprakarn confirmed on Thursday, (July 2).The “travel bubbles” will cover countries at low-risk of Covid-19 contagion, while the tourists would be allowed to travel on ...

The government on Wednesday tried to allay concerns over its decision to extend the emergency decree until the end of July, saying most of its restrictions had already been lifted anyway.“The emergency decree is still needed to ensure integration of the authority held by various ...

More than half a million Thais claimed jobless benefits in June, the Department of Employment reported today (June 30).“The number of people who claimed jobless benefits in June was 505,594,” department director-general Suchat Pornchaiwiseskul said. “However, some workers may be hired for work again after ...