Private sector committee slashes economic growth projection Private sector committee slashes economic growth projection BANGKOK: Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) have slashed the forecast for the country’s gross domestic product (GDP) growth this year to 0-1.5%, from an earlier estimate of 0.5-2%. Photo: NNT Thai Bankers Association (TBA) chairman Payong Srivanich said the prolonged COVID-19 outbreak and spread of the virulent Delta variant have led to stringent measures being rolled out by the government to contain the outbreak, reports state news agency NNT. The stronger measures have impacted economic activity, employment and workers’ incomes. Moreover, travel restrictions and quarantine measures will significantly impact domestic tourism in the third quarter of this year, the agency said.
4 A pedestrian walks past the entrance to Bang Kapi market in Bangkok which recently reopened after being closed temporarily in June. Pornprom Satrabhaya A private sector council has cut Thailand s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday s meeting from an earlier estimate of 0.5-2%. Payong Srivanich, chairman of the Thai Bankers Association (TBA), said the prolonged outbreak and spread of the virulent Delta variant had led to stringent measures by the government to contain the outbreak. The stronger measures have impacted economic activities, employment and labourers income.
The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) expects the Thai economy to pick up in the fourth quarter this year faster than earlier projections of the first quarter of next year if the government can maintain momentum of its vaccine programme.
The Mall Group, the operator of The Mall, The Emporium, EmQuartier and Siam Paragon, has collaborated with six leading financial institutions and the Bank of Thailand (BoT) to design special soft loan packages for its partners, including small and medium enterprises (SMEs) to restore their business capacity and extend their business in the post-Covid-19 era.
2 05 2021 There’s a story at something called the Atlas Institute for International Affairs which sounds very 1960s and argues that militaries kept “fed” with taxpayer funds don’t intervene politically. This long discredited notion is in part based on work on Thailand. The fact that coups in Thailand bear no relationship to that military’s ability to grab loot from the taxpayer should alert the authors. Think of “self-coups,” coups against military leaders and other rightists, and, most recently, the coup against Yingluck Shinawatra, when spending on the military increased. That said, there’s no doubt that Thai military leaders love kit and money. One graph in the Atlas story demonstrates how the military has benefited by sucking the taxpayer of the people’s money.
Biden to Say U.S. Turned Corner; Global Cases Rise: Virus Update Bloomberg 14 mins ago Bloomberg News (Bloomberg) New coronavirus cases rose globally for the ninth consecutive week, by a record 5.7 million, as a 52% surge in India outweighed declines in most regions, the World Health Organization said. Companies around the world are stepping in to help ease the crisis, as India’s death toll surpassed 200,000. Popular Searches Deutsche Bank AG is considering one of the most flexible return-to-office policies among big international banks. Moves to restart travel in Europe are gathering pace, with Britain and France planning digital vaccine passports.
1 The government has pledged to work closely with the private sector to speed up the Covid-19 vaccine rollout and achieve its target of providing 100 million Covid-19 vaccine shots to inoculate 50 million people by the end of the year. Prime Minister Prayut Chan-o-cha used a meeting with businessmen at Government House yesterday to stress that he and his ministers were committed to helping them acquire more vaccines. The prime minister was glad that the government will work with the private sector as they share a common aim of containing the outbreak of Covid-19 and restoring the economy to prepare for the reopening of the country, said government spokesman Anucha Burapachaisri.
Biden Hails U.S. Pandemic Fight; India Warning: Virus Update Bloomberg 48 mins ago Bloomberg News (Bloomberg) U.S. President Joe Biden urged all Americans to get vaccinated and touted his administration’s success in fighting the pandemic, saying in an address to Congress that it has been one of the “great logistical achievements” in history. Popular Searches New coronavirus cases rose globally for the ninth consecutive week, by a record 5.7 million, as a 52% surge in India outweighed declines in most regions, the World Health Organization said. Companies around the world are stepping in to help ease the crisis, as India’s death toll surpassed 200,000 and the U.S. government told its citizens to leave the country as soon as possible.
Bloomberg News, Bloomberg News Andrew Cuomo , Bloomberg (Bloomberg) New coronavirus cases rose globally for the ninth consecutive week, by a record 5.7 million, as a 52% surge in India outweighed declines in most other regions, the World Health Organization said. Companies around the world are stepping in to help ease the crisis, as Indiaâs death toll surpassed 200,000. Deutsche Bank AG is considering one of the most flexible return-to-office policies among large international banks. Moves to restart travel in Europe are gathering pace, as Britain followed France with plans for a digital vaccine passport. U.S. President Joe Biden plans to say in an address to Congress that the country has turned the corner on the pandemic. Meanwhile, Vietnamâs deputy prime minister warned of a âvery highâ threat of a new outbreak after the nation reported its first domestic case in a month.