B4.6bn boost for Covid battle: Medicines, high-risk staffgiven priority. The Public Health Ministry has been allocated 4.66 billion baht from the government’s central budget to help fight the new Covid-19 outbreak. Bangkok Post
FDA vows ‘safety first’: As Thailand’s vaccination drive looms, the government moves to allay fears about the Chinese vaccine it plans to use. The Public Health Ministry has confirmed that people in four high-risk groups – including the elderly and frontline medical workers – will be the first to be inoculated against Covid-19 when Sinovac’s vaccine arrives in Thailand next month. Bangkok Post
Criteria for free-float shares may be adjusted: The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) are considering revising the criteria for free-float shares in both initial public offerings (IPOs) and secondary markets after unusual surges of many large-cap stocks with low free float disrupted the SET Index in 2020, says Ruenvadee Suwanmongkol, the SEC’s secretary general. Bangkok Post
The Covid-19 crisis has caused household debt to surge to the highest level in 12 years, Uni of the Thai Chamber of Commerce (UTCC), averaging Bt480K per family.
Household debt rises 42% to 12-year high: The Covid-19 crisis has caused household debt to surge to the highest level in 12 years, according to the University of the Thai Chamber of Commerce (UTCC). Bangkok Post
Government yesterday agreed to cash handouts to about 30m people, each receiving Bt3,500/month for 2 months from February.
FTI warns tyre AD will hit industry: US move will hurt Thai competitiveness. The Federation of Thai Industries (FTI) expects the US decision to impose anti-dumping duties (AD) on car tyres exported from Thailand to seriously affect Thai industries, including the automotive and agricultural sectors, as Thailand may end up missing export opportunities in the global market, says FTI vice-chairman Kriangkrai Tiannukul. Bangkok Post
2m debtors poised to join bank scheme: State-owned banks expect around 2 million debtors to participate in the latest financial relief measures rolled out to alleviate the impact of the pandemic. Bangkok Post
Government pledges to press on with DSEZ: The government remains adamant it is continuing its long-delayed Dawei special economic zone (DSEZ) project and vows to find solutions to obstacles at a tripartite meeting between Thailand, Japan and Myanmar. Bangkok Post
BoT offers borrowers debt holiday: Most deferments to last until June. The Bank of Thailand has extended financial relief measures to individual borrowers until June this year, aiming to ease financial burdens stemming from a new round of the domestic Covid-19 outbreak. Bangkok Post