BANGKOK Thailand's central bank will lower its economic growth forecasts for this year and next, a deputy governor said on Wednesday, and still has monetary policy space for action to support the economy despite cutting its key interest rate to a record low.
BANGKOK Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht's strength, central bank and government officials said on Thursday.
BANGKOK Thailand announced a relocation package on Friday to attract foreign companies looking to moved production due to intensifying Sino-U.S. trade tensions, seeking to compete with Vietnam to lure manufacturers hit by tariffs.
BANGKOK Thailand is planning a "relocation package" of incentives to attract foreign companies looking to move production from China, officials said, seeking to compete with Vietnam to woo manufacturers looking to steer clear of the Sino-U.S. trade war.
BANGKOK Thailand's economy is just slowing but not in a recession yet and recently announced government stimulus measures should help lift growth to 3% this year, the country's finance minister said on Wednesday.
BANGKOK Thailand's economy expanded at its slowest pace in nearly five years in the second quarter as traditional growth drivers sputtered, which led the government to significantly cut its forecast for full-year expansion.
BANGKOK Thailand is planning a stimulus package worth $10 billion that will include support for farmers and tourism, its finance minister said on Friday, in a move to shore up a flagging economy.
BANGKOK, July 18 Thailand's domestic car sales
declined for the first time in 30 months in June, as finance
firms used stricter lending criteria after the central bank
moved to talk down a surge in auto loans amid concern about high
BANGKOK Thailand's central bank is ready to act if the baht's moves are not in line with economic fundamentals, the governor said on Wednesday, adding that monetary policy easing will not help prevent capital inflows as interest rates are already low.
* Reduces outstanding balance limit in non-resident baht