Monday, May 20, 2024

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Economics

Thailand’s inflation rate in April higher for the first time in seven months

Thailand's inflation rate in April rose by 0.9%, the first increase in seven months. The rise is attributed to higher oil prices and agricultural...

The declining value of the baht what does it mean for Thailand

The baht has depreciated against the dollar, prompting concerns about Thailand's currency and economy. Market factors, interest rates, capital outflows, and budget delays all...

Six state banks announce lending rate cut

Six state banks in Thailand will reduce their lending rates by 0.25% starting May 1, following the Thai Bankers Association's announcement of a similar...

Thai PM faces Challenges Securing Funding for Digital Wallet Scheme

Thai government struggles to fund digital wallet scheme, exploring borrowing options amid concerns about legality and long-term financial impact.

Govt brushes off central banks call for review of digital wallet scheme

Bank of Thailand advises downsizing the digital wallet scheme for financially fragile people. Government dismisses concerns. Central bank warns of fiscal burdens, credit rating...

TAT claims Maha Songkran World Water Festival is a great success

The Maha Songkran World Water Festival 2024, organized by TAT, attracted over 780,000 visitors and injected 2.8 billion baht into the economy, with positive...

East Asia and the Pacific Region to Maintain Growth Despite Global Challenges

East Asia and Pacific region growing at 4.5% in 2024, slower post-pandemic. To sustain growth, focus on private sector investment and productivity.

Transport minister promises 20 baht fares on all electric trains by September next year

Transport Minister plans to cap maximum electric train fare at 20 baht in Bangkok by September next year to encourage people to use public...

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