Economics

Protests could hinder Thailand’s economic recovery from Covid-19

Some of the demands from protesters in the current civil unrest include constitutional amendments and an unprecedented call for reforms to the monarchy — traditionally a taboo subject in Thailand.

Published

5 months ago

September 26, 2020

Headline Editor

As protests continue to sweep across Thailand, one economist at Nomura warns that civil unrest could hinder the country’s economic recovery from the coronavirus pandemic.

″(The protests) could potentially delay, if not even derail, the economic recovery. You know, despite Thailand (being) relatively successful in flattening the Covid-19 curve,” Euben Paracuelles, chief Asean economist at Nomura, told CNBC’s “Street Signs Asia” on Thursday.

Some of the demands from protesters in the current civil unrest include constitutional amendments and an unprecedented call for reforms to the monarchy — traditionally a taboo subject that could leave protesters jailed under the country’s lese majeste laws, which protect the monarchy and forbid insults to the king and his family.

Protests in Thailand could ‘derail’ its economic recovery, warns Nomura

Thailand is no stranger to political turmoil, having seen one of the highest number of military coups in modern history.

Economics

EEC Expects 300-billion-baht Investment This Year

Published

2 days ago

March 5, 2021

National News Bureau of Thailand

BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases.

(more…)

Economics

Finance Ministry Seeks More Fund for Co-payment Scheme

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million and could tally more than 32 million.

Published

3 days ago

March 5, 2021

National News Bureau of Thailand

BANGKOK (NNT) – Thailand’s Finance Ministry is preparing to seek the Cabinet’s approval for additional funding for the Rao Chana (We Win) scheme following the better than expected number of registrants.

(more…)

Economics

New Business Registration Tops Highest since January 2019

The top three sectors for new business registrations in January were building and construction (634), real estate (299) and transport and logistics (192).

Published

3 days ago

March 4, 2021

National News Bureau of Thailand

BANGKOK (NNT) – New business registration topped 7,283 in January, the highest since January 2019, driven by the promise of Covid-19 inoculations and upbeat sentiment on the country’s economic outlook.

(more…)