IMF estimates the Philippines-Vietnam economy will overtake Thailand in 4 years
Thailand’s economy is currently facing significant challenges as the International Monetary Fund (IMF) forecast indicates that Thailand may lose its No. 2 economic position to the Philippines and Vietnam over the next 4 years. These data raise awareness of the need to reform and improve Thailand’s economic structure to enhance competitiveness in the region.
How does interest adjustment affect the Thai economy?
Policy rate adjustment by the Monetary Policy Committee (MPC) in Thailand plays an important role in controlling inflation and stimulating the economy, which is a tool that has a wide impact on the economy. This article will help you understand the mechanisms of interest rate policy and the impact on the Thai economy from interest rate adjustments.
The government aims to levy road congestion charges for 50 baht/car along the electric train routes, expecting revenue of 12 billion baht annually.
On October 16, Mr. Suriya Jungrungreangkit, Deputy Prime Minister and Minister of Transport announced a new way to collect congestion charges along Bangkok’s mass transit roads to reduce traffic and pollution. The fee will be charged at 50 baht per car and will generate revenue of around 12 billion baht per year.
