Thailand’s economy shrank more than economists estimated as the worst floods in almost 70 years disrupted output by manufacturers from Western Digital Corp. to Honda Motor Co., putting pressure on policy makers to aid growth.
A Thai court ruled that most of the 76 industrial projects halted last year because of pollution and licensing concerns can be restarted, a decision that may resolve uncertainties about the nation’s investment regulations.
A Thai court will decide today whether 76 industrial projects halted last year because of pollution and licensing concerns can restart, a ruling that may resolve uncertainties over the nation’s investment regulations.
Thailand kept its benchmark interest rate unchanged, as the baht’s retreat from an almost 16-year high damps pressure for further monetary easing and allows policy makers to guard against growing household debt.
Thai Prime Minister Yingluck Shinawatra risks the country’s biggest protests this year with a legislative push that includes an amnesty for jailed supporters and 2 trillion baht ($64 billion) of railway investments.
Yingluck Shinawatra, set to become Thailand’s first female prime minister, announced the formation of a five-party coalition to broaden the mandate she won in elections and head off concerns that violence might erupt over the fate of her exiled brother, ex-premier Thaksin Shinawatra.