Thailand’s GDP to fall 7-9 percent in 2020 World

Thailand’s GDP to fall 7-9 percent in 2020

Thailand's Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicted that the country’seconomy will contract by 7-9 percent this year, although exports could shrink less than previously projected, because the coronavirus pandemic remains a risk.
Thailand has new Finance Minister World

Thailand has new Finance Minister

Thai King Maha vajiralongkorn approved the nomination of former Transport Minister Arkhom Termpittayapaisith as Thailand's new Finance Minister.
Thailand’s July exports drop 11.3 percent World

Thailand’s July exports drop 11.3 percent

Thailand’s exports in July contracted 11.3 percent year on year to 18.81 billion USD, while its imports were valued at 15.47 billion USD, contracting 26.38 percent compared to the same period last year.
Thailand to cut down power generation reserve World

Thailand to cut down power generation reserve

The State-run Electricity Generating Authority of Thailand (Egat) is planning to reduce the power generation capacity reserve to 15 percent from 40 percent of total capacity, in a move to curb high power costs.
Thailand keeps interest rate unchanged at record low World

Thailand keeps interest rate unchanged at record low

The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.
Thai economy worst-hit by COVID-19 in ASEAN+3: AMRO World

Thai economy worst-hit by COVID-19 in ASEAN+3: AMRO

Thailand's economic growth is likely to fall 7.8 percent, the biggest projected drop in the region, due to the impacts of COVID-19 on the tourism and service sectors, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Thailand backs economic recovery projects World

Thailand backs economic recovery projects

Thailand’s cabinet on August 4 approved a budget of 884.62 million baht (28.5 million USD) to fund 157 economic recovery projects in 57 out of 77 provinces nationwide that have been hit by the COVID-19 pandemic.
Thai central bank lowers economic outlook World

Thai central bank lowers economic outlook

The Bank of Thailand (BOT) has reduced its economic outlook to a contraction of 8.1 percent this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.5 percent, according to local media.
Thailand approves large-scale projects to spur economy World

Thailand approves large-scale projects to spur economy

Thailand’s Board of Investment (BoI) recently approved five large-scale projects with a total investment value of 41.83 billion THB (1.34 billion USD) in an effort to reactivate economic drivers after the country began easing lockdown measures.