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Thai economy Sorting by the latest release time

  • Thai economy is projected to increase by 1.2 percent this year and 3.5-4.5 percent next year

    The Thai economy is projected to increase by 1.2 percent this year, according to data from the Office of the National Economic and Social Development Council (NESDC).


  • Thai central bank holds policy rate steady, cuts 2021 growth forecast

    The Bank of Thailand (BOT), the country's central bank, on Wednesday maintained the policy rate at a low level amid efforts to support economic recovery, but lowered its economic growth forecast for 2021.


  • MPC predicts two-year recovery path

    The Monetary Policy Committee (MPC) voted unanimously to leave the policy rate steady at a record low of 0.50 percent On August 5.


  • MPC Council keeps annual interest rate unchanged at 0.5 pct

    At its 5th meeting in 2020, the Monetary Policy Committee (MPC) of the Bank of Thailand voted unanimously to maintain the annual interest rate at 0.50 percent, given that the gradual release from quarantine imposed for COVID-19 control brings forth the gradual recovery of Thailand’s economy.


  • Jurin: Unsealing of some industries should ensure public health and economic development

    When the epidemic has not been fully controlled, if the government wants to relax control measures to allow business operation of some industries, it has the responsibility to balance people's health and economic development, noted a Thai official.


  • Thai PM tasks MOI with assessing epidemic effect mitigation measures and calls for a holistic perspective

    Thai Prime Minister and Defense Minister Prayut Chan-o-cha chaired the meeting of Centre for Resolution of Emergency Situation (CRES Covid-19).


  • FPO: export, private consumption pickup enables Thai economic recovery

    The Fiscal Policy Office (FPO) revealed that Thai economy showed recovery in January 2020, thanks to improved export and private consumption, especially in durables: vehicle sales and the number of newly registered motorcycles rose; farm produce price rise boosted agricultural revenue.


  • Thai cabinet to speed up budget expenditure for 2020 fiscal year

    The spokesperson for the Prime Minister, revealed that a cabinet meeting approved the measures to accelerate the budget expenditure for the fiscal year 2020 as an important mechanism to promote the central budget and other department budget expenditure to stimulate the economy.


  • Thai Ministry of Finance, central bank keeping eye on baht gains

    The Thai baht has kept surging and the exchange rate is expected to surpass 30 baht/U.S. dollar this year. Thai Prime Minister and Defense Minister Prayut Chan-o-cha said that the government has been engaged in discussions on the issue with the Bank of Thailand (BOT)


  • Finance Minister: raised ranking of Thai economy by S&P will boost Thailand's confidence

    Thai Minister of Finance Mr. Uttama Savanayana revealed that recently S&P Global Ratings has adjusted Thailand's economic ranking outlook from "stable" to "positive".


  • FPO: government measures will enable the highest GDP growth in Q4

    Director of the Fiscal Policy Office (FPO) Mr. Lavon Saengsanit noted that Thai economic growth in the fourth quarter will be over 3 percent, making it the fastest growing quarter in 2019.


  • Thai National Shippers Council lowers 2019 export forecast

    Thai National Shippers Council (TNSC) has lowered its 2019 export growth forecast, which is a drop of between 2.5 percent to 3 percent, following export decline of 4.5 percent in October and 2.5 percent in the first 10 months, according to TNSC Chairperson Kananyaphak Tantiphipattanaphong.


  • Thai central bank: despite improvement, Thai economy still faces external risks

    Thailand's economy grew by 2.4 percent in the third quarter, up slightly from 2.3 percent in the previous quarter. The economy is growing slower than expected in many areas, compared with the forecast in the Monetary Policy Report published by the Bank of Thailand in September 2019.


  • Thai PM urges attention to grassroots economy, labor force and public investment

    Speaking after the cabinet meeting, Thai Prime Minister and Defense Minister Prayut Chan-o-cha said that he has instructed cabinet ministers to come up with measures to improve the grassroots economy as well as assist farmers and workers, and urged them to team up in addressing a series of issues.


  • Thai finance minister: Thailand's economy not as bad as NIDA Poll suggests

    As the NIDA Poll shows that a majority of people think the government is incapable of fixing the economy, Thai Finance Minister Uttam Sawangnoon said the new government has been in office for just over a month, however, it takes time to address the economic issues.


  • Finance minister vows to offer convenience to investors to boost the whole economy

    Thai Finance Minister Mr. Uttama Savanayana attended the opening ceremony of Thailand Focus 2019 and delivered a special speech titled "The New Policy Paradigm-A Future Enabled by New Policies".


  • JSCCIB: Thai economy will face many challenges in the second half of the year, and domestic expenditures are important to economy

    Mr. Pridi Daochai, chairman of Thai Bankers' Association and Joint Standing Committee on Commerce, Industries and Banking (JSCCIB), revealed that the assessment of JSCCIB found that in the first half of 2019, export, domestic export, and other economic indicators all showed a sign of decline.


  • Thai Deputy PM Somkid says JCC still believes in a pickup in the Thai economy in H2 and stresses the new coalition government would not change course

    Deputy Prime Minister Somkid Jatusripitak met with President Shinji Nakano from Japanese Chamber of Commerce, Bangkok (JCC) today (August 5).


  • Thai finance minister meets his Japanese counterpart

    Japanese Vice Prime Minister and Finance Minister Taro Aso paid a visit to Thailand and met with Mr. Uttama Savanayana, the newly installed Thai finance minister, according to Lavaron Sangsnit, director-general of the Fiscal Policy Office and spokesman of the Ministry of Finance.


  • Thai PM to take charge of economy to unveil short-term economic stimulus package

    The first Cabinet meeting approved to establish the economic minister council was held. The council will be chaired by the prime minister and will include all of his deputies and ministers in charge of ministries related to economic affairs.


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