Economy and industry
IMF boosts global growth forecast, warns of diverging rebound
The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies.The global economy will expand 6% this year, up from the 5.5% pace estimated in January, ...
Consumer confidence down on covid fears
Thailand’s Consumer Confidence Index in March fell to 48.5 points from 49.4 points in February over fears from a new wave of Covid-19 and political instability, a forecaster said Thursday.The University of the Thai Chamber of Commerce, which measures the index, said that economic growth ...
BoT minutes: Spike in long-term govt bonds had limited impact on economy
The Bank of Thailand felt that a spike in long-term government bond yields had only a limited impact on the economy when it decided to keep its key rate at a record low last month, meeting minutes showed on Wednesday.Long-term Thai bond yields moved in ...
Most People Support Government’s Travel Incentive Measures
A survey by Suan Dusit Rajabhat University, or Suan Dusit Poll has found that a majority of people agree with the government’s measures to stimulate domestic travel and the economy.According to the poll conducted online on March 29-April 1 on 1,265 people throughout the country, ...
NNT Reporter
Welcome to 'year of fact-checking'
More than 30,000 people have joined Collaborative Fact Checking (Cofact) Thailand to combat fake news during the Covid-19 pandemic.The Thai Health Promotion Foundation (ThaiHealth), Cofact Thailand, the International Fact Checking Network and other anti-fake news organisations yesterday held a seminar to mark International Fact-Checking Day ...
BoT gearing up for digital currency tests
The Bank of Thailand says it will begin testing use of its retail digital currency for the general public in the second quarter of next year before fully implementing it over the next three to five years.The retail central bank digital currency (retail CBDC) is ...
EV outlook more than just numbers
Hailing 2020 as a “great year” for electric vehicle (EV) sales in the global market, Krisda Utamote, president of the Electric Vehicle Association of Thailand (EVAT), is eager to see a similar growth in Thailand with the spotlight on the EV industry.But a focus on ...
Lamonphet Apisitniran
Cabinet approves plan to set up national pension fund
The cabinet has agreed to set up a national pension fund that would force employees out of provident funds and cut the public budget.The move is being taken because Thailand is becoming an ageing society — it is estimated that the country will have a ...
Bangkok Post Reporter
Thai baht is worst performing currency in Southeast Asia
The Thai baht was the worst performer among commonly traded Southeast Asian currencies during the first quarter, as its fundamentals were eroded due to lack of tourist spending.The baht depreciated 4% against the U.S. dollar to 31.24, according to Refinitiv data. The fall stood out ...
Economy seen shrinking in Q1 due to virus outbreak
The tourism-reliant economy could contract in the first quarter from the preceding three months and the corresponding year earlier period due to the impact of a new coronavirus outbreak, the central bank said on Wednesday.The Southeast Asian country had largely contained the spread of Covid-19 ...
