Moody’s revises Thai Oil’s outlook to stable from negative

Thai Oil’s Baa3 ratings continue to incorporate two notches of uplift based on Moody’s assessment of likely extraordinary support from its parent, PTT Public Company Limited (PTT, Baa1 stable), during a period of stress.

Thai Banks remained resilient in the first quarter of 2022 (BoT)

Banks’ overall loan quality in the first quarter of 2022 remained stable from the previous quarter owing primarily to debt restructuring and financial assistance measures.

253 Thai workers to be evacuated from Ukraine

The Permanent Representative of Thailand to the United Nations has expressed support for a diplomatic solution regarding the Russia-Ukraine crisis, while the Thai embassy in Poland also stated that the situation in Ukraine is very tense and volatile and some roads have been blocked, making travel over land by private and public transport very difficult.

Thailand resumes quarantine free TEST & GO scheme from 1 February 2022

Thailand will allow fully vaccinated travellers from around the world to apply for a TEST & GO Thailand Pass up to 60 days in advance with confirmed payments for accommodation on Day 1 and Day 5, two RT-PCR tests, and a prearranged airport transfer on Day 1.

The Bank of Thailand Bond Issuance Programme for 2022

For 2022, the BOT bond issuance programme continues to take into account the increased financing needs of the government to fund Covid-19 relief measures

Bangkok Cancels New Year Celebration Over Fear of Omicron

The deputy governor said WHO asked countries to cancel some celebrations as Omicron can spread much faster than the Delta variant. Meanwhile, Thailand has also shown a significant rise in Omicron infections during the last few days.

Stable outlook for APAC sovereigns as growth rebounds and debt stabilizes

Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.

Bank of Thailand adds new measures to support post-COVID-19 recovery

The Bank of Thailand, the Ministry of Finance, and related parties proposed two new measures to support business recovery and transformation post-COVID-19.