Cash splurge to boost economy : Govt to put B316bn into people’s pockets . The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook. Bangkok Post
Third phase of Laem Chabang uncertain : National oil and gas firm PTT plans to sign an agreement with the government to develop two seaports by December, but another project – the third-phase expansion of Laem Chabang port – has yet to be concluded on the state’s end. Bangkok Post
Cabinet blocks visa plan : Later closing mulled for nightlife areas . The cabinet yesterday shot down the Tourism and Sports Ministry’s visa waiver proposal for Chinese and Indian visitors but agreed to extend the waiver of visa-on-arrival fees for tourists from 18 countries for another six months. Bangkok Post
B316bn plan to jump-start economy : Cabinet OKs steps for revitalising growth . The cabinet yesterday gave the green light to a 316-billion-baht stimulus package deemed vital to boosting the country’s economic growth by 0.5-0.6 percentage points this year. Bangkok Post
Third phase of Laem Chabang uncertain : National oil and gas firm PTT plans to sign an agreement with the government to develop two seaports by December, but another project – the third-phase expansion of Laem Chabang port – has yet to be concluded on the state’s end. Bangkok Post
Rice panel OKs B21bn for price guarantee scheme : The government has endorsed the price guarantee scheme for rice worth 21 billion baht, a move to help cushion farmers from falling rice prices. Bangkok Post
Court rules against CP over bid : The Central Administrative Court has ruled in favour of the Royal Thai Navy in a lawsuit brought by a Charoen Pokphand Group (CP)led consortium over a navy committee’s decision to disqualify the consortium from bidding for the 290-billion-baht Eastern Airport City Project. Bangkok Post
Shipments spring to life : Exports shot up 4.3% in July, led by gold . Exports unexpectedly rose for the first time in five months in July, up 4.3% from the same month a year earlier, largely boosted by higher shipments of gold as a safe-haven asset. Bangkok Post
No property stimulus in the pipeline : Developers adapting to LTV restrictions . A property stimulus package is absent from the government’s plans because developers can adapt to changes such as the central bank’s loan-to-value (LTV) ratio requirements, which are deemed appropriate for the current circumstances, says Finance Minister Uttama Savanayana. Bangkok Post
Tightened loans, trade row hit car sales : Thailand’s automotive industry expects cloudy sentiment the next few months as it suffers from myriad negative factors like restricted auto loan approvals from banks and an intense trade war between the US and China, says the Federation of Thai Industries. Bangkok Post
