Econ

Monday, August 03, 2020

Econ

Covid-19 to slash Bt3.1trn from global remittances: ADB

The global economy could lose more than $100 billion (Bt3.1 trillion) in remittances, warns a report by the Asian Development Bank. It adds that governments need to act fast to protect the most vulnerable in society from this loss of vital income.
Egat awaits new energy minister before finalising crude palm oil purchase

The Electricity Generating Authority of Thailand (Egat) has slowed down procurement of another 100,000 tons of crude palm oil (CPO) as required by a Cabinet resolution, as it is waiting for the new energy minister's policy.
Cabinet nod awaited for 160 state projects to lift economy

The subpanel tasked with screening state projects will propose another 160 projects to the Cabinet for consideration this week, subpanel chairman Danucha Pichayanan said.
SET vulnerable to swings from external factors, MPC decision

Experts are advising investors to keep an eye on the Covid-19 pandemic, the US president's moves before the presidential election, and the Thai Monetary Policy Committee (MPC)'s meeting, as they could affect the Stock Exchange of Thailand (SET) Index and the price of gold next week.
Bank stocks slide at concern over bad debt, weak performance

Bank stocks have dropped an average 6.2 per cent over the past week as the virus crisis grips Thailand’s financial sector, experts reported today.

Covid-19 to slash Bt3.1trn from global remittances: ADB

Egat awaits new energy minister before finalising crude palm oil purchase

Danucha Pichayanan

Cabinet nod awaited for 160 state projects to lift economy

SET vulnerable to swings from external factors, MPC decision

Bank stocks slide at concern over bad debt, weak performance

Don Nakornthab, BOT senior director

Falling economy has bottomed out, says BOT

Thai economy improved in June: Central bank

Digitalisation of Thai SMEs offers Bt1-trillion boost to GDP: study

SET up despite weak US economic data

Government deputy spokeswoman Ratchada Thanadirek

No impact on EEC development from Cabinet reshuffle, government assures

Chamber seeks government nod for hiring workers on hourly basis

Profit-taking reins in gold after climbing for nine consecutive day

Gloomy US economic data pulls SET down

Stocks rebound from lows on big earnings day

Virus impact easing for business: BOT survey

Investors advised to hold more cash, watch 5 factors

Lavaron Sangsnit, director general at the Fiscal Policy Office

Finance Ministry cuts 2020 GDP forecast to -8.5%

A worker gives a pedicure to a customer outside of a nail salon in Palo Alto, Calif., on July 28, 2020. MUST CREDIT: Bloomberg photo by David Paul Morris.

U.S. jobless claims rise a second week in sign of growing risks

SET down over 1.5% despite positive Fed news

SET rises on Fed’s rate move, vow to introduce more relief measures

Gold continues rise

Federal Reserve Chair Jerome Powell

Fed chief: New surge in cases is beginning to weigh on the economy

Stocks rally, dollar falls on dovish Fed remarks

Expert predicts gold will hit Bt30,000 this year

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