Thailand’s Prime Minister Prayut Chan-o-cha approved an extension of the state of emergency for another month, maintaining that such an extension has nothing to do with anti-government protests. The state of emergency is due to expire at the end July, but the CCSA’s subcommittee agreed at a meeting yesterday to propose extending the state of […]
Thailand has earned international praise for its containment of the Covid-19 pandemic, with very modest levels of infections and less than 60 deaths as of July 1. In response to its sweeping lockdown measures, the government launched an unprecedented emergency spending package of 2.2 trillion baht, amounting to nearly 13% of GDP. Yet, the economic […]
The Thai financial system has become more vulnerable due to the more-than-expected contraction of the economic outlook in light of the COVID-19 situation, said Bank of Thailand’s (BoT) monetary policy committee’s latest update. The Committee assessed that the Thai economy would contract by 8.1 percent in 2020 but would expand at 5.0 percent in 2021 […]
The Bank of Thailand (BOT) has left the key policy rate unchanged during the Monetary Policy Meeting (MPC) today (June 24). The central bank’s monetary policy committee (MPC) voted unanimously to leave the one-day repurchase rate untouched at 0.5%. The MPC has cut key policy rates three times this year, from 1.25 per cent to […]
Thailand fell four places from the 25th spot in 2019 to 29th in IMD’s world competitiveness rankings for 2020, dragged down by poor rankings for economic performance and government efficiency. As far as Asean peers are concerned, Singapore kept pole position while Indonesia saw the largest drop (8), from 32nd to 40th. Malaysia fell five […]
According to Mercer’s 2020 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from ninth […]
BANGKOK(NNT)- The government has confirmed a ban on paraquat and chlorpyrifos starting June 1, 2020. Farmers who possess them are advised to return them within 90 days or no later than August 29, 2020. Ms Traisulee Traisoranakun, Government Deputy Spokesperson, said today that from June 1st, 2020, onwards, the Notification of the Ministry of Industry […]
The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter. While the COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this […]
