Financial Institutions Ready to Comply with Debt Reduction Measures
Financial Institutions expressed readiness to comply with measures to reduce household debt that is set to begin next year. The Bank of Thailand will commence with persistent debt (PD) for revolving personal loans as part of the household debt settlement plan and will encourage performing loan debtors to take part…
Committee Approves Thailand’s Kiakkai Bridge Project across Chao Phraya River
Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5%, from an earlier estimate of 0.5-2%. Thai Bankers Association (TBA) chairman Payong Srivanich said the prolonged COVID-19 outbreak and spread of the virulent Delta variant…
Phuket to submit reopening plan on Friday
Phuket will submit its reopening plan to the Centre for Economic Situation Administration (CESA) for approval this Friday in a bid to let inoculated tourists visit without quarantine in July. Yuthasak Supasorn, Tourism Authority of Thailand governor, said the reopening plan, known as the Phuket Tourism Sandbox, will depend largely…
BoT sees mild impact of new COVID-19 wave on the economy
Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including…