China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post
BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has further eased the loan-to-value (LTV) ratio for mortgage lending to allow homebuyers to borrow loans of up to 100%, aiming to help boost the property sector and help the economy recover from the impact of the Covid-19 pandemic. Bangkok Post
Banks Q3 profit hit by pandemic’s impact: Commercial banks posted combined net profit decline for the third quarter of this year, compared with the previous quarter, mainly impacted by higher numbers of new Covid-19 cases and the government’s tougher pandemic containment measures. Bangkok Post
Crop price scheme enters third year: farming: The cabinet yesterday approved price guarantee schemes for rice, tapioca and corn for the 2021-22 season under a budget of 27 billion baht, Commerce Minister Jurin Laksanawisit said. Of that money, 18 billion baht has been earmarked for five main types of rice, 7.1 billion baht for tapioca and the remaining 1.9 billion baht for corn. Bangkok Post
PPRP admits considering executive-board overhaul: The ruling Palang Pracharath Party has admitted mulling a reshuffle of its executive board, a move which could see its secretary-general replaced. Bangkok Post
State insists airport rail link be ready in 4 years: The government has insisted that the high-speed rail linking Don Mueang, Suvarnabhumi and U-tapao airports, one of the key infrastructure projects in the flagship Eastern Economic Corridor (EEC), has to be finished over the next four years as planned. Bangkok Post
State banks line up loans for businesses in EEC: State-run financial institutions stand ready to provide liquidity to around 175,000 business operators in the Eastern Economic Corridor (EEC) to help them deal with the impact of the ongoing Covid-19 pandemic. Bangkok Post
Government plans to implement 100 infra projects worth Bt2 trillion next year, particularly on EEC expansions. State infra including intercity motorways, double-track rails & mass transit system also in the pipeline, additional investments on renewable energy are scheduled to implement next year, said Deputy PM & Energy Minister Supattanapong Punmeechaow.
FPO downgrades growth to 1%: The Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1%. The Fiscal Policy Office (FPO) has downgraded its forecast of Thai economic expansion this year to an average 1% from the previously predicted 1.3% mainly as a result of the resurgence of the Covid-19 pandemic in April, which severely impacted the country in the third quarter. Bangkok Post
Survey paints picture of people’s financial literacy: A large number of Thais do not have enough money to handle an emergency situation for longer than three months, especially amid the Covid-19 outbreak, according to a survey by the Bank of Thailand (BoT). Bangkok Post
you do not have to respond . i just want to say i do not understand U-tapao link. why would anyone want to train into or out of that airport. they really need better transport to Pattaya. if thai wants to increase tourism, they need the fast train to/from China. china has a huge high speed system … they have almost 40,000 klm of track. with 100s of cities connected to the train system, Thai would have problems handling the influx of tourist from china.
Not just tourism, business uses as well i.e. cargo/logistics. Further, I can imagine a period where one doesn’t have to live within 30 km of where they work and drive, why not take a train instead? Happens in all the major european/american/uk cities.
China isn’t enough of a target, imagine the indian market. Thailand only begun tapping that potential in 2019.
people focus far too much on china and not india…
And doesn’t every country have an issue with the # of chinese tourists? I’ve seen it throughout all of Western Europe and the US from 2015-2019.
Trains to/from China – sure that is ongoing, TH has been clever to not fall into the trap that Cambodia & Laos have regarding the financing, work requirements.
And part of me still doesn’t like the idea of the mainland having a direct trainline into a country, look at tibet & mongolia today.
ed bean
you do not have to respond . i just want to say i do not understand U-tapao link. why would anyone want to train into or out of that airport. they really need better transport to Pattaya. if thai wants to increase tourism, they need the fast train to/from China. china has a huge high speed system … they have almost 40,000 klm of track. with 100s of cities connected to the train system, Thai would have problems handling the influx of tourist from china.
Pon
Not just tourism, business uses as well i.e. cargo/logistics. Further, I can imagine a period where one doesn’t have to live within 30 km of where they work and drive, why not take a train instead? Happens in all the major european/american/uk cities.
China isn’t enough of a target, imagine the indian market. Thailand only begun tapping that potential in 2019.
people focus far too much on china and not india…
And doesn’t every country have an issue with the # of chinese tourists? I’ve seen it throughout all of Western Europe and the US from 2015-2019.
Trains to/from China – sure that is ongoing, TH has been clever to not fall into the trap that Cambodia & Laos have regarding the financing, work requirements.
And part of me still doesn’t like the idea of the mainland having a direct trainline into a country, look at tibet & mongolia today.