Turmoil likely to push jobless rate

Chatrudee Theparat Political turmoil may increase the unemployment rate this year to 1% of the workforce, up from 0.7-0.8% reported in 2013. The protests could delay fresh investments in both the public and private sectors, said Federation of Thai Industries (FTI) vice-chairman Thanit Sorat. ”It is quite clear that Thailand will not have a new […]

Govt may set up its own reform council

Rejects call for executive decree; Election Commission to draw lots for party election numbers tomorrow The government yesterday turned down a suggestion by seven private-sector organisations for it to issue an executive decree to allow a political-reform council to be set up – but it looks likely to form such a body itself. Meanwhile, the […]

Economic conditions are ripe for interest rate cut: experts

Economists expect the Bank of Thailand’s Monetary Policy Committee (MPC) to cut its policy rate when its members convene on May 29, but say the expected cut is attributable to signs of economic slowdown, not political pressure. Finance Minister Kittiratt Na-Ranong has consistently said the central bank should cut the key rate by more than […]

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