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Thailand to reconsider huge borrowing plan if economy continues to pick up

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The Thai government will reconsider if it still needs to borrow a fund worth 200 billion baht (6.02 billion U.S. dollars) to boost the domestic economy, if the economy continues to recover next year, Prime Minister Abhisit Vejjajiva said Thursday.

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The money is planned to be injected into the government’s second economic stimulus package.

The government is still confident that during this fourth quarter of 2009, the country’s economy will post a positive growth rate, Thai News Agency quoted Abhisit as saying.

dollarsAnd, for the whole 2009, the Thai economy is estimated to contract 3.0-3.5 percent, Abhisit said.

However, the country’s economy in 2010 is expected to grow about 3.5 percent, the prime minister said.

via Thailand to reconsider huge borrowing plan if economy continues to pick up: PM_English_Xinhua.

National

Abuse against women still prevalent in Thailand

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In December 1999, the United Nations designated Nov 25 as the International Day for the Elimination of Violence Against Women, to commemorate the murder of the Mirabal sisters, the three Dominican political activists who opposed the dictatorship of Rafael Trujillo in 1960.

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Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

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The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

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Markets

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.

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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.

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