Thailand keeps interest rate unchanged at record low
The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.
The Bank of Thailand (BoT) (Photo: //www.bangkokpost.com/)
Bangkok (VNA) - TheBank of Thailand (BoT) last week decided to keep key interest rate unchanged at arecord low for a second straight meeting, as widely expected, on signs ofimprovement in the economy after the easing of measures to contain thecoronavirus outbreak.
According to the Bangkok Post, the central bank’s MonetaryPolicy Committee (MPC) voted unanimously to keep the one-day repurchase ratesteady at a record low of 0.50 percent, after having cut it three times thisyear to help mitigate the impact of the pandemic on tourism and domesticconsumption.
The Thai economy is forecast to contract the most on record thisyear, shrinking 8.1 percent, with any recovery taking as long as almost twoyears, according to outgoing BoT Governor Veerathai Santiprabhob. The economicdamage could reach as much as 3 trillion THB because of the hit to Thailand’sgrowth drivers, tourism and exports.
With the policy rate hovering close to zero, the central bank is running out ofconventional monetary policy space to spur the economy and boost prices asdeflation sets in. The bank has said it’s studying options like large-scaleasset purchases and some form of yield-curve control.
At the same time, authorities are worried about the currency’sgains, which threaten to undermine any recovery in exports. The baht has gainedmore than 4 percent against the dollar in the past three months, the bestperformer in Asian currencies tracked by Bloomberg./.
Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT).
A majority of Thai people said it is time for a cabinet reshuffle, according an opinion survey by the Suan Dusit Rajabhat University or Suan Dusit Poll.
Governor of the Bank of Thailand (BoT) Veerathai Santiprabhob said on July 20 that it will take several years for foreign tourist numbers to return to the 40 million level.
Thailand's second-quarter economic contraction could reach a record of 13 percent year-on-year after business activities were halted by lockdown measures during the period, said the Bank of Thailand (BoT).
Thailand’s cabinet on August 4 approved a budget of 884.62 million baht (28.5 million USD) to fund 157 economic recovery projects in 57 out of 77 provinces nationwide that have been hit by the COVID-19 pandemic.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Bank of Thailand (BoT) (Photo: //www.bangkokpost.com/) 
