Economics

Thai Khem Khaeng economic stimulus extension likely until 2013

The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to Prime Minister Abhisit Vejjajiva. The latest figures show that only 43 billion baht or 26% of the first stimulus package worth 160 billion baht has been disbursed so far. For the second package worth 150 billion, about 82 billion has been allocated and 42 billion baht disbursed.

Published

11 years ago

March 8, 2010

Akanksha Singh

Deputy Prime Minister Trairong Suwankhiri last week threatened to cut the budgets of agencies that have yet to disburse funds or sign contracts for stimulus spending projects.

An estimated 70-80 billion baht from the two packages is expected to be cut and shifted to finance other projects that are ready for implementation, he said.

According to Dr Trairong, accelerated investment projects include a dual-track rail network and high-speed train system linking Bangkok and Rayong, the southern landbridge, and a deep seaport in the Gulf of Thailand.

via Stimulus extension likely.

Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

Published

1 week ago

December 24, 2020

National News Bureau of Thailand

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

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Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Published

2 weeks ago

December 21, 2020

Boris Sullivan

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

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Economics

COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries

Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.

Published

2 weeks ago

December 15, 2020

Boris Sullivan

Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).

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