The Bank of Thailand will hold the one-day bond repurchase rate at 1.25 percent, according to all 26 economists surveyed by Bloomberg News. The decision is due at 2:30 p.m. in Bangkok.
“It’s still uncertain whether the recovery will be sustained,” said Somprawin Manprasert, an economist at Tisco Securities Co. in Bangkok. “There is no reason for the central bank to come up with an exit strategy anytime soon. The threat of inflation is still not significant.”
Central bank Governor Tarisa Watanagase said Oct. 12 the nation’s economic recovery is “fragile” and accommodative monetary policy is still necessary, suggesting she won’t follow Australia in raising borrowing costs. Recurring political protests have weighed on Thailand’s economy as the government attempts to revive growth by boosting spending.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...