The Thai Government will decide later this month whether to ease any of the economic restrictions in light of the decline in new coronavirus cases, according to the Centre for Covid-19 Situation Administration (CCSA). Thai Government spokesman Taweesilp Visanuyothin said a decision regarding the curfew and business closures will depend on the situation ahead. The Thai government imposed a nationwide …

The consumer confidence index dropped to 50.3 points in March from 64.8 points in February, said Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). In addition, the economic confidence index in March stood at 41.6 points, down from 52.5 points in February, while the confidence index on job opportunities contracted from 61.4 points to 49.3 …

Asian equities rallied again and the dollar extended losses on Friday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown. Despite the painful toll the disease is inflicting on lives and economies, markets are on course to end the week with healthy gains following a barrage of …

India’s billion-plus population went into a three-week lockdown on Wednesday, with a third of the world now under orders to stay indoors, as the coronavirus pandemic forced Japan to postpone the Olympics until next year. Financial markets soared after a catastrophic month as the US Congress looked set to pass a mammoth stimulus bill, joining the world’s central banks in …

The spread of coronavirus (Covid-19) and its uncontrolled, and also by seeing the facts of the people’s economy also deteriorated made Pro-Democracy Activist Network (ProDEM) voiced the Three People’s Demands (Tritura) 2.0. As for the contents of Tritura 2.0 this time, namely Lowering Prices, Lowering the Cabinet, and Breaking Up Relationships with China. According to the Chairperson of the ProDEM …

Tourism operators are urging the state to impose a two-week lockdown to keep the coronavirus from spreading to provincial areas and creating a deeper impact on the economy. It’s not too late to put the country into a complete lockdown, closing both land and air connections for two weeks or up to one month, as an urgent measure to tackle …

Notwithstanding predictions of slower domestic growth in 2020 as the COVID-19 pandemic is taking its toll on the global economy, there is no stopping this year’s Philippines from rising to upper middle-income country status, the country’s lead economist said. Pernia, who heads the National Economic and Development Authority (Neda) state planning agency, said an realistic 3-4 percent increase in gross …

After a year and a half, a new US ambassador to Thailand has finally landed. Ambassador Michael G DeSombre, who took up his post earlier this month said taking sides in Thai politics is not the way to go and he will rather focus on promoting businesses, with energy and digital ventures, infrastructure and manufacturing projects also on his radar. …

The cabinet has given the green light to a stimulus package expected to inject 400 billion baht into the economy to reduce the impact of the Covid-19 epidemic. The package was proposed at a meeting of economic ministers. The controversial 2,000-baht cash handouts to selected groups of people, which sparked intense public criticism after being proposed by the economic ministers …

The percentage of Thais living in poverty has fallen dramatically over the past three decades, from over 65% in 1988 to under 10% in 2018. However, that trend has reversed in recent years with stalled household incomes and consumption bringing a rise in poverty, according to a new World Bank report. Between 2015 and 2018, the poverty rate in Thailand …