Firms continue to fret Firms continue to fret
While the economic impact of the pandemic creates havoc among the country s smaller businesses, there are mixed opinions on how larger firms and corporations are managing to cope
published : 26 Jul 2021 at 05:01
3 The once-vibrant Terminal 21 mall in central Bangkok is devoid of human activity following the recent raft of measures aimed at curbing the growing number of daily infections in the capital. Varuth Hirunyatheb
Thailand s economic risk is escalating as the country copes with its worst Covid-19 outbreak yet, with new infections exceeding 10,000 a day since July 17 and fatalities continuing to pile up.
Tax restructure puts emphasis on four goals
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published : 27 May 2021 at 06:11
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The draft plan of the tax restructure for 2022-2026 will focus on four goals, according to a senior official at the Fiscal Policy Office (FPO).
Pisit Puapan, executive director of the FPO s Macroeconomic Policy Bureau, said the first goal is to enhance the country s competitiveness and ensure sustainable economic growth.
He said the Thai tax system must also promote the digital economy by deploying technologies to upgrade the country s tax management system.
The third goal is to promote a green economy by encouraging people to reduce the use of products that could harm the environment.
Growth seen at 2% if vaccine target reached
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published : 25 May 2021 at 04:33
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The economy is expected to achieve 2% growth this year, if the government meets the target of 100 million doses within this year, said Don Nakornthab, Bank of Thailand s senior director for the Financial Stability Department.
The economy is likely to expand by only 1% if the government fails to meet the target, he said yesterday at an online seminar hosted by the Eastern Economic Corridor Office.
He added that the successful vaccination and herd immunity will also have an impact on economic growth next year.
He said the amount of money the government has injected to revive the economy via its fiscal and monetary measures following the Covid-19 pandemic account for as much as 20% of GDP.
Thai central bank says key rate to stay low for 1-2 years Toggle share menu
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Thai central bank says key rate to stay low for 1-2 years Thailand s benchmark interest rate will probably stay at a record low of 0.5per cent for one or two years until the economy clearly recovers, a senior central bank official said on Monday.
FILE PHOTO: Thailand s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva
24 May 2021 03:10PM (Updated:
24 May 2021 05:55PM) Share this content
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BANGKOK: Thailand s benchmark interest rate may stay at a record low of 0.5per cent for one or two years until the economy has seen a clear recovery, a central bank official said on Monday, as the country deals with a third wave of COVID-19 infections.