Vol. VIII No. 4 - Tuesday
January 27 - February 2, 2009

Art, Music & Culture
Dining Out & Entertainment
Social Scene
Chiang Mai FeMail
Daily Horoscope
Happy Birthday HM Queen Sirikit
Current Movies in
Chiangmai's Cinemas
Advertising Rates
Back Issues
Updated every Tuesday
by Saichon Paewsoongnern

HEADLINES [click on headline to view story]:

BoT sees moderate expansion for Thai economy

BoT sees moderate expansion for Thai economy

The Thai economy will continue to expand moderately this year although it has been affected by the global economic crisis, according to a senior official at the Bank of Thailand.
Speaking at a seminar on “The BoT’s Role in Turning Around the Thai Economy,” Songtham Pinto, senior official in charge of the Monetary Policy Group’s Macro-economy Division, said the Thai economic malaise was attributed to the global economic recession, particularly in the United States and Europe.
Now, it has escalated and spilled over to Asia and had an impact on Thailand, particularly its exports.
He said what the government and all parties concerned should do to cope with the economic downturn is to restore consumers’ confidence and encourage the public to spend and invest more.
Simultaneously, various fiscal measures must be taken to stimulate the economy at the grass roots level.
He said the Monetary Policy Committee’s move the cut the policy interest rate sharply to 2 percent would help ease borrowing costs, encouraging investors to invest more.
Songtham said the central bank maintains its economic growth estimate for this year at 0.5-2.5 percent, but it will revise its projection on January 23.
Songtham believes the Thai economy will not shrink this year despite the seriousness of the global economic crisis, but will continue to expand moderately while inflation rates will remain low. (TNA)

Chiangmai Mail Publishing Co. Ltd.
189/22 Moo 5, T. Sansai Noi, A. Sansai, Chiang Mai 50210
Tel. 053 852 557, Fax. 053 014 195
Editor: 087 184 8508
E-mail: [email protected]
Administration: [email protected]
Website & Newsletter Advertising: [email protected]

Copyright © 2004 Chiangmai Mail. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.