BANGKOK Thailand's central bank cut its benchmark interest rate for the third time this year to a record low as it expects a bigger annual contraction in Southeast Asia's second largest economy due to the fallout from the coronavirus pandemic.
* Committee votes 4-3 to cut rate by 25 bps to record low
BANGKOK Thailand's central bank is widely expected to cut its benchmark interest rate to a new low at its policy review on Wednesday to cushion the economy from the impact of the coronavirus outbreak.
BANGKOK Thailand's economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia's second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity.
BANGKOK Thailand's economy probably contracted the most in eight years in January-March, a Reuters poll showed on Friday, as the coronavirus outbreak hit tourism and domestic consumption.
BANGKOK, May 11 Thailand's market investor
confidence for the three months to July rose for the first time
in five months on optimism about government measures to cushion
the fallout of the coronavirus pandemic, a capital market
association said on Monday.
BANGKOK Thailand's economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations in Thailand said on Thursday.
* About $6.2 bln bonds will mature in May-June
(Adds bond support fund, maturing debt)
BANGKOK A woman who took rat poison this week outside Thailand's finance ministry over the slow rollout of aid during the coronavirus lockdown was promised on Tuesday she would get her money soon. For millions of other Thais, the waiting continues.
BANGKOK Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.