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Coronavirus (Covid-19)

BOT injects 35 billion baht into Thai financial market

The Thaiger & The Nation

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BOT injects 35 billion baht into Thai financial market | The Thaiger
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35 billion baht is being injected into the local Thai financial markets in the wake of the impact from Covid-19 crisis. The Bank of Thailand say they are closely monitoring the local financial market and recognised “liquidity is tight in bond and US dollar exchange markets.”

BoT assistant governor Vachira Arromdee announced yesterday… “The BoT last week injected both short and long term government bonds valued at 35 billion baht.”

“Thailand’s central bank also injected money into the foreign exchange market to enhance liquidity of US dollars in the market,” according to The Nation.

Her announcement came as foreign investors made a net-sell of Thai bonds valued at 72.5 billion baht, year to date, as of March 16. Investors also dumped Thai shares, sending the Stock Exchange of Thailand Index into a downward spiral of more than 30% since early January.

BOT injects 35 billion baht into Thai financial market | News by The Thaiger

GRAPHIC: xe.com

The Thai baht has weakened as well, today passing the threshold of 32 baht per US$.

The latest Thai central bank action is in line with global central banks, which are rescuing markets via bond purchases and rate cuts to prevent economies sliding into a recession due to the severe impact of the Covid-19 pandemic.

SOURCE: The Nation

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Coronavirus (Covid-19)

Coca-Cola to suspend advertising, divert cash to fight Covid-19

Anukul

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Coca-Cola to suspend advertising, divert cash to fight Covid-19 | The Thaiger
PHOTO: Facebook@cocacolaTH

Today Coca-Cola Thailand announced on its official Facebook page “cocacolaTH” that they will suspend all digital and TV advertising campaigns of all the brands under its umbrella in Thailand and divert all the money to support the fight against Covid-19.

“We realise that the current situation is difficult for everyone, therefore we will continue to work hard to make sure that we overcome this obstacle together,” the company said in its post.

They will cooperate with its partner organisations to support the work of medical staff and related officials to help protect Thais against Covid-19.

SOURCE: The Nation

Coca-Cola to suspend advertising, divert cash to fight Covid-19 | News by The Thaiger

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Coronavirus (Covid-19)

Coronavirus UPDATE – first deaths in New Zealand, Sri Lanka. Singapore cancels citizen’s passport.

Greeley Pulitzer

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Coronavirus UPDATE – first deaths in New Zealand, Sri Lanka. Singapore cancels citizen’s passport. | The Thaiger
PHOTO: SCMP

Covid-19 cases around the world have now reached 723,732. A week ago (March 23) there was 378,000 cases in the world.

There have been exactly 34,000 deaths recorded globally (as of 2.30pm Monday Thai time) with over 151,000 people recovered. The USA leads the world count with 142,735 cases followed by Italy with 97,689 cases and 10,799 deaths.

Here are the most recent developments from around Asia related to the Covid-19 coronavirus situation in the region…

Singapore cancels citizen’s passport

Singapore, which has imposed tough measures to slow the spread of the virus, including six months in jail for people who intentionally stand close to others, cancelled the passport of a citizen who breached his mandatory quarantine period.

The 53 year old man had been ordered to stay home for 14 days after returning to Singapore from neighbouring Indonesia, a rule he then broke by making a return trip over the border.

Singapore reported its third COVID-19 death yesterday.

Australian domestic violence cases soar

Australia announced a nearly 100 million US$ (3.27 billion baht) boost in funding to tackle domestic violence, after support services reported a spike in virus-related family abuse.

Australian PM Scott Morrison says there has been a 75% surge in Google searches for help during the current nationwide shutdown of non-essential services to curb the spread of the disease.

Associations around the world that help victims of domestic violence fear a massive increase in cases as the stress caused by social isolation exacerbates tensions.

China reports slightly fewer imported cases

China reported 45 new infections yesterday, all but one of them imported. That compares with 54 cases Saturday, all of which were imported. After taking strict and harsh measures to bring the virus under control domestically, China is now doing the same to prevent imported infections.

China announced last week it would drastically reduce the number of international flights into the country and banned foreigners from entering beginning last Saturday.

New Zealand and Sri Lanka report first deaths

New Zealand has announced its first coronavirus death: a woman in her 70s with an undisclosed chronic underlying condition. There are currently 589 confirmed cases in New Zealand, with 75 new infections reported over the past 24 hours.

Sri Lanka also recorded its first death late Saturday.

Philippines reports 343 new cases

The Philippine health ministry has added 343 new coronavirus cases – the country’s largest daily increase in infections, and 3 additional deaths.

That raised the total number of known infections in the country to 1,418, while the death toll has reached 71. Seven more patients have recovered, however, bringing the total number of recoveries to 42.

Indonesia may soon quarantine almost 30 million people

The move proposed for the capital and surrounding areas is to curb the spread of the coronavirus.

Indonesian President Joko Widodo called for “more decisive steps” to restrict people’s movement at a cabinet meeting on Monday, saying firm actions are “needed to break the chain of distribution of coronavirus.” The President didn’t spell out what additional curbs were required with the capital already being placed under an emergency status and schools, cinemas and entertainment spots closed for about two weeks.

SOURCE: Thai PBS World | AFP

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Senior health official says dire infection forecasts “very unlikely”

Greeley Pulitzer

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Senior health official says dire infection forecasts “very unlikely” | The Thaiger
PHOTO: Access WDUN

Doctors from various departments, ministries and universities are making grim predictions about the Covid-19 coronavirus infection rate in Thailand, some saying that by mid-April cases in Thailand will reach 350,000, with about 7,000 fatalities.

Responding to some of the most dire forecasts, a senior doctor at the Ministry of Public Health’s Disease Control Department is dismissing these scenarios as “very unlikely.”

DCD deputy director-general Dr Thanarak Phlipat said in a Facebook post today that he’s received many enquiries about whether forecasts of an “exponential rise in the number of infections and fatalities” are reasonable.

He responded by saying they are “very unlikely.”

With a little over two weeks to go before April 15, Thanarak says predictions of 7,000 fatalities for Thailand in the case of no lockdowns, and 485 if a lockdown is imposed, are “inflated.”

Thailand’s death toll, as of yesterday, stood at just 7 out of the 1,388 confirmed virus infections nationwide.

Thanarak wrote that he doesn’t know what assumptions were used in those forecasts and doubted the forecasters’ expertise in epidemiology and biological statistics.

“Most importantly, I don’t know what their motive is for releasing those figures.”

He explained that the Public Health Ministry has epidemiologists to develop forecasts, which are updated periodically, based on the latest data. These predictions are used in formulating plans for dealing with the pandemic.

Thanarak believes the worst case scenario up to April 15 would be 25,000 infections if no antivirus measures are taken at all, and if there are no more cluster infections, like “boxing match cluster” and those from entertainment venues.

He says with the imposition of social distancing measures, which are currently being observed by only about 50% of the Thai population, the number of infections is predicted to reach 17,600, but this could be cut to 7,700 if 80% of the population were to follow the measures.

Thanarak stressed that these figures were worked out on the basis of the best data available used to guide official government policy, and were not invented to cause public confusion. He advised that any predictions about the pandemic must be based on undistorted, verifiable facts.

SOURCE: Thai PBS World

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