Japan agrees B13bn loan: The Royal Gazette has published the Finance Ministry’s announcement involving a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency (Jica) to bolster the nation’s Covid-19 emergency response. Bangkok Post
FPO expects rising government revenue: 2023 target in line with economic revival. The Finance Ministry’s projection of higher government revenue in fiscal 2023 is in line with the economic recovery, says Fiscal Policy Office director-general Pornchai Thiraveja. The government forecast fiscal 2023 net revenue of 2.49 trillion baht, up from an outlook of 2.4 trillion baht in fiscal 2022. Bangkok Post
Mae Sot district in Tak is “almost ready” to host an entertainment complex along the border with Myanmar, which will compete with a similar complex that opened in Myawaddy on Myanmar’s side, according to a House committee.
Thailand is expected to enter a cycle of policy rate hikes in 2H22 in response to persistently high inflation, according to research houses.
The BOI yesterday approved a combined Bt209.5b worth of investment applications in manufacturing and infra projects, including Bt36.1b by Horizon Plus Co, a JV between Foxconn and PTT, to make battery EVs.
Mae Sot district in Tak is “almost ready” to host an entertainment complex along the border with Myanmar, which will compete with a similar complex that opened in Myawaddy on Myanmar’s side, according to a House committee.
Govt eyes slice of refineries’ pie: Money would help prop up Oil Fund. The government will consider using profits from oil refinery margins to help support the Oil Fuel Fund as it continues to subsidise fuel prices despite having slipped 85 billion baht into the red. Bangkok Post
Thailand was No.3 globally for real time payment transactions last year, behind only India and China, driven by the government’s support for modern infra, says ACI Worldwide, a real-time payments software provider.
Sugar farmers upbeat on export outlook: Sugar cane output is expected to increase to 106 million tonnes this year. Thai sugar cane output in the next 2022-23 crop year is expected to increase to 106 million tonnes, leading to higher sugar exports, though the impact of Russia-Ukraine war continues to worry farmers. The amount of sugar cane in the 2021-22 crop year stands at 92.1 million tonnes. Bangkok Post
BOT’s MPC Committee has no plan for an emergency meeting and the next meeting will be held as scheduled in August, said a panel member.
