• GDP Growth (Quarter on Quarter and Year on Year changes)
CIMB Thai Bank (CIMBT) has sharply slashed its 2015 growth forecast for Thailand's economy to 3.3% in a sign that Southeast Asia's second-largest economy could expand by less than 4% for a third straight. Possible delays in infrastructure spending, moderate export recovery and lukewarm domestic consumption could hinder economic growth, said head of research Amonthep Chawla . Slower-than-expected budget disbursement for the government's infrastructure projects could also dent the private sector's investment confidence, he said. The research house projected 2015 economic
• Monetary (Interest rates) and Fiscal Policy (Taxation)
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), The committee voted 5 to 2 to maintain the policy rate at 2.00 percent per annum. Two members voted to reduce the policy rate by 0.25 percent per annum. In deliberating monetary policy, most members judged that the current policy stance remains sufficiently accommodative given a steady path of economic recovery in 2015, and is consistent with long-term financial stability objective. Nevertheless, two members assessed that against the backdrop of higher downside risks to global growth and low inflationary pressure, monetary policy should be eased in order to add more support to the weaker-than-expected recovery.
• Monthly PMI
None Coverage
• Major political events
The government will try to convince other countries not to allow Thai fugitives to engage in anti-government activities, particularly those who commit lese majeste, Foreign Ministry spokesman Sek Wannamethee said .
He said the government would also attempt to bring those who did back to Thailand to face justice.
The remark came after Prime Minister General Prayut Chan-o-cha instructed relevant state agencies to urgently make other countries understand the lese majeste law and prevent fugitives from engaging in political activities.
Exiled Thammasat University historian Somsak Jeamteerasakul, who has 130,000 Facebook followers and is often critical of the monarchy, was singled out by Prayut earlier this week. Somsak, who refused to report himself to the junta after the coup, is believed to be in exile in the United States.
• IT Market Major Events / Developments
THE CABINET yesterday approved a draft law setting up a national digital economy committee, and another for restructuring the Information and Communications Technology Ministry, as proposed by the ministry itself, said PM's Office spokesman Yongyuth Mayalarp.
The first of these draft laws determines the creation of a national committee to be chaired by the prime minister, with the deputy PM in charge of the economy acting as vice chairman. Its role is to coordinate the implementation of "digital economy" policies between the government and state agencies.
The second determines the renaming and restructuring of the ICT Ministry as the Digital for Economy and Society Ministry, which will oversee five offices: the ministry's office, the permanent secretary's office, the digital-economy office, the Meteorology Office, and the Office of National Statistics.
• GDP Growth (Quarter on Quarter and Year on Year changes)
CIMB Thai Bank (CIMBT) has sharply slashed its 2015 growth forecast for Thailand's economy to 3.3% in a sign that Southeast Asia's second-largest economy could expand by less than 4% for a third straight. Possible delays in infrastructure spending, moderate export recovery and lukewarm domestic consumption could hinder economic growth, said head of research Amonthep Chawla . Slower-than-expected budget disbursement for the government's infrastructure projects could also dent the private sector's investment confidence, he said. The research house projected 2015 economic
• Monetary (Interest rates) and Fiscal Policy (Taxation)
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), The committee voted 5 to 2 to maintain the policy rate at 2.00 percent per annum. Two members voted to reduce the policy rate by 0.25 percent per annum. In deliberating monetary policy, most members judged that the current policy stance remains sufficiently accommodative given a steady path of economic recovery in 2015, and is consistent with long-term financial stability objective. Nevertheless, two members assessed that against the backdrop of higher downside risks to global growth and low inflationary pressure, monetary policy should be eased in order to add more support to the weaker-than-expected recovery.
• Monthly PMI
None Coverage
• Major political events
The government will try to convince other countries not to allow Thai fugitives to engage in anti-government activities, particularly those who commit lese majeste, Foreign Ministry spokesman Sek Wannamethee said .
He said the government would also attempt to bring those who did back to Thailand to face justice.
The remark came after Prime Minister General Prayut Chan-o-cha instructed relevant state agencies to urgently make other countries understand the lese majeste law and prevent fugitives from engaging in political activities.
Exiled Thammasat University historian Somsak Jeamteerasakul, who has 130,000 Facebook followers and is often critical of the monarchy, was singled out by Prayut earlier this week. Somsak, who refused to report himself to the junta after the coup, is believed to be in exile in the United States.
• IT Market Major Events / Developments
THE CABINET yesterday approved a draft law setting up a national digital economy committee, and another for restructuring the Information and Communications Technology Ministry, as proposed by the ministry itself, said PM's Office spokesman Yongyuth Mayalarp.
The first of these draft laws determines the creation of a national committee to be chaired by the prime minister, with the deputy PM in charge of the economy acting as vice chairman. Its role is to coordinate the implementation of "digital economy" policies between the government and state agencies.
The second determines the renaming and restructuring of the ICT Ministry as the Digital for Economy and Society Ministry, which will oversee five offices: the ministry's office, the permanent secretary's office, the digital-economy office, the Meteorology Office, and the Office of National Statistics.
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