Analysts shrug off inflation concerns
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Weak purchasing power means there is not much to worry about
published : 29 Jul 2021 at 07:33 A sign promotes the government s co-payment scheme at Chatuchak weekend market. (Photo: Pornprom Satrabhaya)
Inflation rates in developed countries, particularly in the US and among nations in the European Union, have been rising since the beginning of the year, in part because of large stimulus schemes designed to rehabilitate their economies battered by the pandemic.
Other possible reasons for the inflation rate hike are pent-up demand, recovering world commodity prices due to a production disruption during the pandemic, and a shortage of shipping containers.
Chamber says B42bn aid deal insufficient
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published : 15 Jul 2021 at 06:31
5 A sign for the Rao Chana (We Win) scheme is displayed at a food stall in the Silom area of Bangkok. Somchai Poomlard
The recent 42-billion-baht package of financial assistance for people and businesses affected by the partial lockdown is far from sufficient to offset the impact of rising infections, says the head of the local commerce chamber.
Sanan Angubolkul, chairman of the Thai Chamber of Commerce, proposed the government immediately draw a budget from the new 500-billion-baht loan decree to roll out more effective remedial measures to help businesses and people affected by the measures within the third quarter.
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Divided we fall
Divided we fall
Lack of a unified state response over the Covid-19 pandemic has exacerbated inequality and drawn attention to a need to improve education and bureaucracy
published : 28 Jun 2021 at 04:30 Prime Minister Prayut Chan-o-cha.
In 2019, Prime Minister Prayut Chan-o-cha stormed an election campaign rally stage with a promise to end turmoil and move the country forward. He managed to survive attacks from all sides, from an oath gaffe to anti-government protests. However, nobody imagined that the coronavirus would present a real challenge to his rule. After 18 months, the crisis has battered the country with 218,000 infections and 1,600 deaths so far.