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As a result of the World Health Organization's designation of the new, highly contagious Omicron strain as a variant of concern on Nov 26

Since the new, highly contagious Omicron strain was designated a variant of concern by the World Health Organization on Nov 26, many countries have made a U-turn on loosening Covid-19 curbs.

Prolonged lockdowns to cause GDP drop 7 Government mulls renewed stimulus Live share prices on display at a securities firm. Brokerages expect share prices to decline this year. The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn Securities. The Thai go...

Prayut orders stimulus rejig Shopping areas in Siam Square are quiet on Tuesday due to the Bangkok lockdown. (Photo: Wichan Charoenkiatpakul) Prime Minister Prayut Chan-o-cha has ordered responsible state agencies to re-evaluate existing consumption stimulus packages, particularly the "Ying Chai Ying Dai" (the more you spend, the more you get) e-voucher cashback scheme, which has attracted fewer participants than expected. Government spokesman Anucha Burapachaisri s...

Govt extends plan to boost spending 16 published : 21 Jul 2021 at 09:31 16 The cabinet has agreed to extend the "Ying Chai Ying Dai" scheme aimed at spurring public spending, according to the government spokesman team. The adjustment was approved at Tuesdays cabinet meeting along with expanding the state-sponsored relief package to cover Chachoengsao, Chon Buri and Ayutthaya, which were added to the 10 provinces hardest-hit by Covid-19 and are under lockdown. Govern...

Business baffled by gaffes published : 5 Jul 2021 at 05:30 41 A Bangkok parking lot filled with taxis owned by cooperatives, as 2,000 cars were returned by drivers who cannot afford the rental fees. (Photo: Nutthawat Wicheanbut) As both new daily infections and deaths caused by Covid-19 continue to set records, concerns regarding the administrations ability to govern the country have almost reached a critical point. The third outbreak, the l...

Analysts shrug at new scheme 9 Rather than revving up consumer spending, the key to fixing the economy is mass vaccination published : 17 May 2021 at 04:30 9 The Ying Chai Ying Dai scheme targets 4 million shoppers with high purchasing power, aiming to increase consumer spending during the pandemic. (Photo by Pornprom Satrabhaya) With a slow vaccine rollout, mounting Covid-19 cases and new variants entering the country, Thailands economi...

Property developers optimistic about stimulus 1 published : 19 Dec 2020 at 05:00 1 A condominium near On Nut station in Bangkok. Permanent residency for foreign buyers is among the property stimulus measures proposed by developers. The Finance Ministry may consider a proposal by property developer associations on approving stimulus relief for outstanding mortgage loans totalling 600 billion baht as a means to improve sentiment regarding prop...

Real estate players want tax perk continuation published : 17 Dec 2020 at 04:00 10 The government should extend the property tax incentives that expire on Dec 24, temporarily revoking the lending curbs to provide a longer visa for foreign buyers, which would support the housing market in 2021, say three real estate associations. Chaiyarat Thampeera, a director of the Thai Condominium Association, said the government should offer incentives to help the economy and th...