Japan vows aid after PMs meet: B13bn package to bolster recovery. Prime Minister Prayut Chan-ocha and his Japanese counterpart Fumio Kishida met to bolster defence and economic cooperation and discuss the war in Ukraine yesterday. Bangkok Post
BoT loan schemes hit B300bn over 2 years: Listed banks report stagnant growth. Loan extension under the Bank of Thailand’s soft loan and recovery loan schemes for businesses affected by the pandemic has reached 300 billion baht since the launch of the programme in April 2020. For the overall banking sector, loan growth was sluggish in the first quarter as a result of the impact of the Omicron variant. Bangkok Post
Bangkok condo market sees Q1 surge: Bangkok’s condo market revived in the first quarter, with newly launched supply and the sales rate soaring to the highest level in several quarters, according to property consultant Colliers Thailand. Bangkok Post
Action urged on export ban: Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war. Bangkok Post
Exxon cancels B330bn project: EEC plant nixed due to Covid impact. US oil and gas giant Exxon Mobil Corporation has scrapped its 330-billion-baht ethylene cracker and refinery expansion project in Chon Buri, but the decision will not affect the Eastern Economic Corridor (EEC) scheme, says a source at the Industrial Estate Authority of Thailand (IEAT) who requested anonymity. Bangkok Post
Cabinet approved imports of animal feed for a 3-month period to ease shortage following disruption caused by Russia-Ukraine tensions.
Fuel Fund Executive Committee is extend to increase retail diesel price by B1 or 2/litre next week as oil fuel fund’s deficit has soared to over Bt60b.
JPN aims to invest Bt25b in EEC this year, compared Bt19.8b last year, EEC Office said.
Opposition applies heat over eastern pipeline bid: Pheu Thai Party says it will make transparency a key issue during a no-confidence debate expected in July in relation to the bidding for a major water project in the country’s eastern region. Bangkok Post
New regional zones approved by panel: The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions. Bangkok Post