Bank of Thailand Holds Rates Steady Amid Economic Uncertainty

Thailand’s central bank held its benchmark interest rate at a decade high again, amid renewed political uncertainty and some calls to start easing to aid the economic recovery, the Wall Street Journal reported. The Bank of Thailand said Wednesday that its policy committee voted six to one to maintain its one-day repurchase rate at 2.50%. One member voted to cut the policy rate by 25 basis points, “to reflect Thailand’s lower potential growth as a result of structural challenges,” and help ease debt-servicing burdens for borrowers, it said.
Thailand
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New Thai Prime Minister Scrutinizing $14 Billion Cash Handouts

Thailand’s key economic stimulus — almost $14 billion in cash payments to its citizens — will need further study to ensure compliance with the nation’s fiscal discipline law, newly appointed Prime Minister Paetongtarn Shinawatra said, Bloomberg News reported. The change in economic condition is prompting further assessment and reviews, Paetongtarn, 37, told reporters Sunday. She was responding to reports that her father Thaksin Shinawatra is demanding that the new government drop the Pheu Thai party’s flagship policy during the election campaign last year.
Thailand
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I Travel and FTI Touristik Bankruptcies Leave Thai Hotels in Lurch, Germany Asked for Relief

The Thai hotel industry is reeling from the collapse of two major European tour operators, I Travel and FTI Touristik GmbH, which has left 179 hotels out of pocket to the tune of 173 million baht, Thienprasit Chaiyapatranun, president of the Thai Hotels Association (THA) said on Friday, NationThailand.com reported. The association said that the fallout has predominantly impacted establishments in Chiang Mai and Chiang Rai, with losses estimated at 3 million baht for individual hotels.
Thailand
Europe
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MHM Asian Legal Insights 第160号（2024年2月号） 【今月のトピック】 マレーシア・インドネシア・フィリピン・シンガポール・タイ・ミャンマー

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Indonesia
Japan
Malaysia
Myanmar
Philippines
Singapore
Thailand
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