The monetary policy panel resolves to maintain the one-day repurchase rate at 1.25 percent, reasoning the internal political crisis and Europe's financial crisis fallout are still major risks to the economic growth. Bank Of Thailand Assistant Governor in charge of monetary policy Paiboon Kittisrisangwan said the resolution was from concerns over internal political uncertainty and financial crisis in Europe although the global economy continues to grow as a result of economic growth in the United States, Japan and Asia.
The finance minister assured that the treasury reserve is healthy enough to alleviate those affected by the recent violence and riots. Meanwhile, the first day of Silom Walking Street event has drawn strong public interest. Finance Minister Korn Chatikavanij said that the treasury currently has enough sufficient funds to assist people who have been affected by the recent riots.
Foreign demand for Thai property will likely plummet due to the tragic ending of anti-government rallies in Bangkok last week which cost scores of lives and led to widespread rioting throughout the capital, real estate ... Thailand Business News
The Prime Minister said that the authorities had been able to put the situation under control and returned the area concerned to the BMA. A large amount of weapons were found, including M79 grenades, incendiary bombs and different types of bullets, as well as vehicles rigged as car bombs. Thailand Business News
The Thai economy hit a 15-year high at 12 per cent growth in the first quarter of this year but the recent political violence could pull growth down by 1.5 per cent, National Economics and Social Development Board (NESDB) secretary-general Ampong Kitti-ampon said on Monday. Thailand Business News
Thailand and India, which until now agreed to only 82 items of goods traded under the so-called Early Harvest Scheme (EHS), are speeding up negotiations for other goods left under the free trade area (FTA) ... Thailand Business News
All airlines using Suvarnabhumi airport have resumed flights and normal timetables, airport director Niran Theeranartsin said on Friday. Thailand Business News