The Malaysian ringgit (MYR) jumped against the US dollar at the close on September 30, reaching its highest level in 39 months on continued expectation of another cut in US interest rates after the latest inflation data there.
Thailand’s economy is in a "critical situation" that requires urgent stimulus measures, Prommin Lertsuridej, chief of staff to the Prime Minister said on March 4.
Thailand’s consumer confidence increased for the ninth straight month in February thanks to recovering tourism, government stimulus measures, and the baht's weakness.
Bolstered by the government’s stimulus measures, Thailand's consumer spending is predicted to hit a 17-year high, reaching 103.04 billion THB (2.9 billion USD).
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand has raised its GDP growth forecast to 0.5 – 1.5 percent in 2021 from the previous projection of 0 – 1 percent as the country expects better business prospects stemming from the reopening and stimulus measures.
The Thai government has pledged to revitalise tourism, stimulate domestic spending, and spur exports and investment to help economic growth reach its 4-percent target this year, local media reported.
Thailand’s consumer confidence slumped to a 21-year low in April as the public remained worried about the poor economy, unemployment and future income because of the COVID-19 pandemic.
Thailand will launch training programmes for unemployed people as part of the third series of its government's stimulus measures to ease the impact of the COVID-19 on the economy, said Thai Deputy Prime Minister Somkid Jatusripitak.
About 70 percent of Thais understand and are engaging in the "social distancing" campaign, which is a major strategy to curb the transmission of COVID-19, the latest survey conducted by Thailand’s Department of Mental Health showed.
The government of Thailand has rolled out further stimulus measures intended to inject about 144 billion baht (4.76 billion USD) into the economy to boost full-year economic growth to 2.8 percent.
