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Thai Cabinet extends state of emergency for Covid by another month

Thailand’s Cabinet has agreed to extend the state of emergency to curb the Covid-19 pandemic by another month from the end of October

Aishwarya Gupta

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Thailand’s Prime Minister Prayut Chan-o-cha approved an extension of the state of emergency for another month. This is the eighth time that the state of emergency has been extended since the beginning of the coronavirus crisis in March.

The decree is deemed necessary by the government for the Centre for Covid-19 Situation Administration to function. The state of emergency is thus extended until the 30th of November.

It gives Prime Minister Prayut Chan-o-cha full authority to command the centre to combat the outbreak and allow compulsory quarantining of people arriving from abroad.

Thailand has only confirmed 3,759 coronavirus infections so far, with the most recent cases imported. There have been 59 deaths, one of the lowest casualties rate in the world.

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Economics

Salary increases in Thailand and Singapore expected to be among the world’s highest in 2021

Few countries are expected to see a significant rise in the level of real salary increases in 2021, but there are exceptions to this within the Asia Pacific region

Pr News

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Thailand and Singapore are joint-second place in the Asia Pacific rankings for real salary increases.

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Banking

Bank of Thailand steps in to curb recent baht strength

Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities

Olivier Languepin

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In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects the fragile economic recovery.

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Banking

Standard and Poor’s maintain Thailand’s credit rating at BBB+

The agency is confident in Thailand’s finances, in spite of measures needed to respond to COVID-19, resulting in a deficit for 2020-2021 and hiking state debt.

National News Bureau of Thailand

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BANGKOK (NNT) – Standard and Poor’s credit rating agency has kept its level of confidence in Thailand at BBB+, in spite of COVID-19 turmoil and political unrest, but has noted it is monitoring the situation.

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