Thai economy to show further improvement in June as curbs ease -central bank

30/6/2022 1:39:00 PM

Thai economy to show further improvement in June as curbs ease -central bank

Thai economy to show further improvement in June as curbs ease -central bank

BANGKOK : Thailand's economy improved in May and activity showed a further recovery in June, supported by increased spending, exports, and a pickup in tourism as pandemic restrictions eased, central bank officials said on Thursday.Risk factors being monitored, however, included an increase in costs and pr

BANGKOK : Thailand's economy improved in May and activity showed a further recovery in June, supported by increased spending, exports, and a pickup in tourism as pandemic restrictions eased, central bank officials said on Thursday.Risk factors being monitored, however, included an increase in costs and prices, shortages of production parts and the pace of a recovery in the vital tourism sector, Bank of Thailand (BOT) Senior director Chayawadee Chai-Anant said.

Southeast Asia's second-largest economy likely registered a clearer recovery in the second quarter as more foreign tourists returned, Chayawadee told a news conference.Inflation would remain elevated, but should peak in the third quarter of this year, she said.

Read more: CNA »

3 elderly people arrested, including woman who was taken to hospital, after fight along Arumugam Road

SINGAPORE — The police arrested three people on Wednesday (Aug 10) for their alleged involvement in a case of affray along Arumugam Road near MacPherson. Read more >>

Mucky business: Thai prisoners clean Bangkok sewers after Covid-19 delayBANGKOK — Flecked with sewage, a Thai prisoner grapples with an overflowing bucket as he and his fellow inmates clean Bangkok's congested drains for the first time in two years. And American inmates think they got it rough

Morning Digest, June 29 - The Independent Singapore NewsHere are stories you might’ve missed...

Morning Briefing: Top stories from The Straits Times on June 29Read more at straitstimes.com.

While You Were Sleeping: 5 stories you might have missed, June 29

South Korean consumer sentiment dips in June: SurveySEOUL: South Korean consumers turned pessimistic about overall economic conditions in June for the first time in more than a year, while their inflation expectations hit a decade high, a central bank survey showed on Wednesday. The consumer sentiment index (CSI) dropped to 96.4 in June from 102.6 in May, m

S Korean consumer sentiment dips in June - surveySEOUL : South Korean consumers turned pessimistic about overall economic conditions in June for the first time in more than a year, while their inflation expectations hit a decade high, a central bank survey showed on Wednesday.The consumer sentiment index (CSI) dropped to 96.4 in June from 102.6 in May,

LinkedIn BANGKOK : Thailand's economy improved in May and activity showed a further recovery in June, supported by increased spending, exports, and a pickup in tourism as pandemic restrictions eased, central bank officials said on Thursday.Pre-pandemic, convicts could volunteer to clear the sewers of Thailand's capital — which sits only 1.Grow a backbone: Public on ex-NOC Ryan Tan being ‘officially broke’ Photo: IG screengrab/ryanxgo Former co-founder of Night Owl Cinematics (NOC), Ryan Tan, announced on social media that he was “officially broke.Get newsletters curated for you Death of child infected with Covid-19 and two other viruses a rare case, say doctors Most children with Covid-19 will do well, but a few may have worsening of their underlying asthma or develop wheeze.

Risk factors being monitored, however, included an increase in costs and prices, shortages of production parts and the pace of a recovery in the vital tourism sector, Bank of Thailand (BOT) Senior director Chayawadee Chai-Anant said. Southeast Asia's second-largest economy likely registered a clearer recovery in the second quarter as more foreign tourists returned, Chayawadee told a news conference. But fears of spreading the virus meant the gutter-diving work has been done by city authorities and workers, until now. Inflation would remain elevated, but should peak in the third quarter of this year, she said. One asked, “Have hands and legs, physically intact cannot find a job?” while another said, “ Broke? Nahhh…. Senior director Sakkapop Panyanukul said headline inflation could hit 8 per cent in some months during the September quarter. He is one of roughly 80 inmates shipped in from three prisons to an eastern Bangkok suburb and set to labour, earning money and a day off their sentences for each day worked. In May, inflation jumped to a nearly 14-year high of 7. Russia demands Ukraine surrender, as Nato readies for Finland, Sweden membership Turkey's President Recep Tayyip Erdogan abandons his opposition to the Nordic countries joining Nato.

1 per cent, far above the BOT's target range of 1-3 per cent. After hauling up the concrete slabs covering the drains, the inmates — wearing protective waders and heavy-duty gloves — drop down and scrabble out the grime, filling large iron tubs with stinking slop.sg A video of a man caught smoking in an HDB void deck and focusing on the race of the National Environment Agency (NEA) officers putting him to task is circulating online. Chayawadee said a weak baht was in line with regional currencies and there had been no capital outflow volatility. The baht should recover later as the economy got stronger and more foreign visitors returned, she added. "This is the first time since the pandemic" that the drains have been cleared by prisoners, said a Bangkok Remand Prison guard, who declined to be identified as he was not authorised to speak to the press. On Thursday, a tourism group predicted a more upbeat 12-16 million foreign tourists this year. In pre-pandemic 2019, there were nearly 40 million foreign tourists. "The increased cleaning when the rainy season starts will help the drains (remove water) quicker," said a Bangkok Metropolitan Administration official.

In May, private consumption and investment improved from the previous month while exports rose by 11.3 per cent from a year earlier. "We have made mistakes in life so we end up in jail," he said. Thailand's current account deficit widened to $3.7 billion in May due to higher remittance of profits and dividends by foreign businesses, the BOT said in a statement." AFP Related topics. Source: Reuters .