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Thai Industries Sentiment Index (TISI) drops to lowest level in five months

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The Thai Industries Sentiment Index (TISI) in March fell to 101.6, the lowest level in past five months since October 2009, said Santi Vilassakdanont, advisory chairman of the Federation of Thai Industries (FTI).

It dropped for the second consecutive month from 114.5 in February, resulting from decreasing number of orders, sales volumes, production volumes, and operating turnover.

Concerns over political situation, which may turn to violent, caused consumers to slow down their spending, said Mr Santi.

via Industrial Sentiment Index in March drops to lowest level in five months.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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