Trial now

Pullback Considered Corrective


Holding Above Recent Lows


BLOCK, Large 3Y Midcurve Put Condor

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Thai Cabinet approved THB61bn worth of measures to mitigate the impact of Covid-19 restrictions on individuals and businesses. The government said that THB33bn will be allocated for tuition fee and educational expenses subsidies, THB15bn will be used to compensate workers and businesses, while THB13bn will cover the costs of treatment of Covid-19 patients. At the same time, the Cabinet gave a nod to adding THB150bn to its public-debt management plan for the current fiscal year, which boosts the total debt plan to THB1.8tn.
  • ING commented that they "don't think a marginal increase in the stimulus will do much good to the economy given that the domestic spread of the virus is showing no signs of easing." Thailand declared another record-breaking increase in new cases today, adding 16,533 infections. The number of fatalities was 133.