Main
Recession, dead ahead! Contraction looms for Thailand and Asia
No one could have predicted in February when Thailand's total number of coronavirus cases was around 40 that the country would be headed towards a recession.But with the number of confirmed cases skyrocketing to over 2,000 cases and...
Main
Banks could gain 70 billion baht from the lowering of FIDF contribution
As part of the government’s third relief package, the Bank of Thailand
(BOT) proposed in principle to the economic cabinet on Friday to reduce the
amount commercial banks pay into the Financial Institutions Development Fund
(FIDF) from 0.46 per cent to 0.23...
Main
Third economic relief package proposed
The economic cabinet proposed a third economic relief package on Friday as the economy goes into recession. The Bank of Thailand (BOT) expects a recession of at least 5.3 per cent this year. The government had earlier injected 517 billion baht...
Covid-19
Coronavirus outbreak dents pockets of Forbes’ rich list in Thailand
The coronavirus pandemic has affected all income sectors, including Thailand's richest families, according to Forbes' latest rich list.With a weakening economy and a sinking market, Forbes’ said that Thailand’s 50 richest have already lost US$28 billion or...
