Current Affairs
Government plans to fund its bailout packages by gutting health ministry and universal healthcare programs
The government is taking money from the Ministry of Public Health, among other ministries, to help support its emergency 600 billion baht bailout aid for those afflicted by the coronavirus outbreak.The government said that 940 million baht will...
Main
Retail prices for rice are temporarily lowered as cabinet approves 2.9 billion baht rice insurance scheme
The Ministry of Commerce has asked businesses to lower retail prices for Thai rice, as it continues to increase in price and global demand in spite of the shortage in supply due to the ongoing drought and coronavirus pandemic.Commerce...
Current Affairs
Opinion: Outrage over PM’s call for “donations” is misplaced
The Prayut government has been on the receiving end of another round of negative press in the thick of the coronavirus crisis, due to the Prime Ministers’ recent comment that he would “seek help from the wealthiest members of...
Main
Unemployment rate could hit historic highs amid outbreak woes
The rate of unemployment in Thailand could reach 3-5 million people due to the coronavirus outbreak. It would be the highest unemployment figure ever seen on record, said Siam Commercial Bank’s Economic Intelligence Center (EIC). Representatives from the private sector,...
Market Watch
Market Watch: Oil and bank shares will keep SET down on Tuesday
With dampened demand due to the coronavirus outbreak, oil firms have been renting tankers to store surplus which has sent US oil prices into the negatives during Monday night trading. This is uncharted territory.US' benchmark, the West Texas Intermediate...
Covid-19
No alcohol until the end of the month for Bangkokians
The Bangkok Metropolitan Administration (BMA) will extend the ban on sales of alcohol from April 10-20 to the end of this month (April 30), said Dr Chawin Sirinak, director of the BMA's Health Department, on Monday.Dr Chawin asserted that...
Main
Thai government to open online appeals channel for those deemed ineligible for coronavirus relief handout
The Thai government said on Thursday that it will now allow people who believe they have been wrongly discarded from the government’s 5,000 baht cash handout scheme to file for an appeal online.The government had pledged to provide the...
Covid-19
Coronavirus impact steepens as global banks project sharper dip in economic growth and unemployment
Banks and global institutions have come out to warn that the recession that has gripped the world could be far worse than predictions made just weeks ago as the spread of the virus has been far worse than their...
Main
The central bank’s bond moves may be in line globally but it is raising questions at home
The third economic coronavirus relief package worth at least 1.9 trillion baht is not without controversy. Various aspects of the plan, which was announced this month, has been criticized by analysts and former officials.The Bank of Thailand (BOT)’s...
Main
BOT’s measures under fire for soft loan and bond proposals
The Bank of Thailand (BOT) is under fire as economists and past BOT officials, led by former chairman and former deputy prime minister Veerapong Ramangkun, file an open letter against their plans to provide direct soft loans and buy...
