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UPDATE 1-Thailand approves $11 3 bln of support measures for businesses

UPDATE 1-Thailand approves $11 3 bln of support measures for businesses
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Thai economy to return to pre-pandemic levels in Q3 next year-cbank

Thai economy to return to pre-pandemic levels in Q3 next year-cbank
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Thai economy seen recovering in Q4 - fin min

By Reuters Staff 1 Min Read BANGKOK, March 17 (Reuters) - Thailand’s economy is seen recovering in the fourth quarter of the year, amid expectations that easing coronavirus restrictions will bring in tourism income, the finance minister said on Wednesday. Southeast Asia’s second-largest economy is improving but when it to fully recover will largely depend on external factors, Finance minister Arkhom Termpittayapaisith told a business seminar. “Exports have not grown that much and tourism is missing,” he said. Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai Editing by Ed Davies

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UPDATE 1-Thai economy slows after virus return, support measures planned

Exports recovery to continue on higher global demand Cenbank, govt plan more measures for impacted sectors (Adds detail, asset warehousing, state planning agency’s comment) BANGKOK, Feb 25 (Reuters) - Thailand’s tourism-reliant economy was clearly affected by a recent COVID-19 outbreak as monthly private consumption and investment declined, making economic recovery more uneven, the central bank said on Thursday. But the impact of the second wave of infections that emerged in mid-December was less severe than the previous wave and activity should recover now restrictions have eased, Chayawadee Chai-Anant, a senior Bank of Thailand (BOT) director told a briefing. “The recovery will remain patchy and the government would need to introduce targeted measures to support it,” she said, adding the economy might return to pre-pandemic levels in the third quarter of 2022.

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Thai c bank keeps policy rate at record low, as expected

By Reuters Staff 1 Min Read BANGKOK, Feb 3 (Reuters) - Thailand’s central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as widely expected, preserving its limited monetary policy room even as the economy confronts risks from the latest wave of coronavirus infections. The Bank of Thailand’s (BOT) monetary policy committee voted to hold the one-day repurchase rate unchanged for a sixth straight meeting. Twelve economists in a Reuters poll had expected the BOT to remain on hold after three rate reductions in the first half of 2020. Two analysts saw a 25 basis point cut.

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