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United Kingdom

Kitiphong Thaichareon

Thai central bank to lower growth outlook, still has scope to support economy

13 Nov 2019

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.

Thai central bank says not in recession, plans steps to curb strong baht

10 Oct 2019

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.

Thailand unveils 'relocation package' to draw firms hit by trade war

06 Sep 2019

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.

Thailand to unveil 'relocation package' to woo firms hurt by trade war

05 Sep 2019

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.

Thailand says economy slowing but no recession, stimulus to lift growth

04 Sep 2019

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.

Thailand cuts 2019 growth forecast after worst quarter in nearly five years

19 Aug 2019

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.

Thailand plans $10 billion stimulus to support economy

16 Aug 2019

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.

UPDATE 1-Thai domestic car sales suffer first fall in 2-1/2 years in June

18 Jul 2019

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 household debt.

Thai central bank says rate cut won't curb capital inflows

17 Jul 2019

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.

UPDATE 1-Thai c.bank takes aim at capital inflows as baht climbs

12 Jul 2019

* Reduces outstanding balance limit in non-resident baht accounts

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