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Six candidates vie for Bank of Thailand governorship
The deadline to apply for the Bank of Thailand (BOT)’s governor position passed on Friday and six candidates are in contention for the position.Veerathai Santiprabhob, the current governor of the central bank, will not seek a second term...
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Coronavirus causing sharp drops in FDI, Industrial Estate investment
As Thailand reels from the coronavirus-induced economic slowdown, analyst warn that a slowdown in Foreign Direct Investment could hamper the economy even further.The country is set to see a double-digit decline in the gross domestic product (GDP) this...
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Opinion: Inconvenient truths about US debt explosion
The resurgence of COVID-19 in the United States is paving the way to a debt record, even relative to government debt at the end of World War II. The collateral damage in global recovery will be significant.The delays and...
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CARE Group says international travel is possible with right precaution and necessary for businesses to keep the light on
International tourism is possible with proper management system while travel bubbles for foreign tourists is a must, experts from the medical and tourism sector said at CARE Group’s tourism forum on Saturday.The Thai government is currently in business bubble...
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The government accepts private sector’s proposal to set up an economic recovery center
The government has set up an economic recovery center following the outbreak of the coronavirus, a government official said on Friday. Prime Minister Prayut Chan-ocha met with members of the economic cabinet and his economic advisers from various public and...
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Possible cabinet reshuffle will not affect fiscal 2021 budget bill; new economic team coming
A likely cabinet reshuffle will not affect the parliament’s debate on the fiscal 2021 budget bill or the government’s economic team, top government officials said on Friday.Deputy Prime Minister Wissanu Krea-ngam said on Friday that the resignation of the...
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Cross-border trade down but transit trade with Singapore and China up
The cross-border trade dropped nearly 10 per cent in the first five months of 2020, the Foreign Trade Department said on Thursday.The nationwide lockdown, which began in March, has resulted in the temporary closure of 69 crossing points out...
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BOT’s latest monetary report provides factors that could derail its economic projections for 2020 and 2021
The Thai economy would continue to face “high uncertainties”, the Bank of Thailand (BOT) said in its latest monetary policy report on Wednesday. The quarterly monetary report for the month of June said the central bank’s current economic projection is...
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The cabinet approves of the first phase of economic relief measures worth 100 billion baht
The cabinet has on Wednesday approved the disbursement of a 100 billion baht budget for the first phase of its economic relief measures. The measures will concentrate on the agricultural sector and job creation via small government projects such as...
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The “never-ending” construction on Rama 2 Road to begin construction once again
Rama 2 Road, or better known as ‘7ชั่วโคตร’ for being under construction for the past seven generations, is going to see more construction starting Wednesday, prompting concerns from local residents.Rama 2 Road, currently more than 50 kilometers long,...
