Finance Ministry said 3 large funds, Government Pension, Social Security and Vayuphak Funds, all agreed some stocks are at attractive levels, waiting for opportunity to scoop up, while Government mulls s/t and l/t stimulus, policies focuses on exports, investment and tourism to boost GDP to 3.5%
Public debt is set to breach the legal ceiling of 70% of GDP over next 2-years if Government fails to pursue major fiscal consolidation, and it may have set too high GDP growth assumption, said KKP.
Higher food prices push February inflation up 1.08%: Headline inflation in February rose by 1.08% year-on-year, fuelled by price increases for food, especially fresh fruit, food components and ready-to-eat meals as well as non-alcoholic beverages. Bangkok Post
Govt OKs next cash handout: Digital wallet phase 3 targets young people. The government has approved the third phase of the digital wallet programme, which will distribute 10,000 baht to 2.7 million people aged 16 to 20 as part of its economic stimulus package. Bangkok Post
LTV ratio rejig offers promise: Amid slower economic growth, the expected easing of the loan-to-value (LTV) ratio is likely to provide limited support for mortgage loans, says the Housing Finance Association. Bangkok Post
Government to inject $4.4b to boost growth beyond 3% this year, include Bt10K cash handout to each of 2.7m aged 16-20 by end of 3Q25.
Energy Regulatory Commission (ERC) to open hearing on Ft charge for electricity sells during period of May-Aug, 3 choices are on the table 1) cuts Bt0.17 from current Bt4.15/kwh to Bt3.98 2) maintain current Ft 3) hike Ft to speed up re-payment Bt90b outstanding debt owed to EGAT.
‘Real’ digital wallets to debut in Q2: Prime Minister Paetongtarn Shinawatra yesterday reaffirmed that the digital wallet scheme would continue according to the party’s election manifesto promise. Bangkok Post
Cabinet okays B1.7bn to ease bills: The cabinet has approved a budget of 1.7 billion baht to support measures to reduce electricity bills for 21 million vulnerable citizens from January to April. Bangkok Post
AIMC expects Bt30b in fresh funds into Thai ESGX, on top of switches from LTF.
Pilots plan to sue Labour Ministry: Fears over future of Thai aviation sector. The Thai Pilots Association plans to file a lawsuit against the Labour Ministry with the Administrative Court tomorrow, seeking a temporary injunction to prohibit foreign pilots from flying domestic flights. Bangkok Post
BoI says 2,000MW renewable supply not sufficient: The government’s pilot project to allow renewable power producers to directly sell electricity totalling 2,000 megawatts to companies may be insufficient to drive new investments in the country, says the Board of Investment (BoI). Prospective investors not only need adequate infrastructure and highly skilled workers when planning to build new factories, but also want the government to facilitate their purchase of renewable power, said Narit Therdsteerasukdi, secretary-general of the BoI. Bangkok Post
State Enterprise Office (SEPO) mulls propose cabinet next week on plan to sell 19 listed co., out of 140 held by Finance ministry, poor performer and co., that does not serve strategic propose is subjected to be eliminate.
