Concerns about the private sector’s revenue and debt servicing ability have been raised at a joint meeting of two Bank of Thailand committees. The Monetary Policy Committee and the Financial Institutions Policy Committee held a joint session on 30 November to discuss financial developments and risks to financial ...

The Bank of Thailand is considering a plan to expand categories of asset class investment in order to manage its foreign reserves more effectively, says the Bank of Thailand governor. “If we can find an asset class that could yield greater management of foreign reserves, result in ...

The Health Service Support Department plans to set up more than 1,000 elderly care centres as part of preparations for the nation’s ageing society. Department spokesman Pattarapon Jungsomjatepaisal said on December 18 the agency is working on the project to establish the centres across the country. ...

Thailand’s ranking in the Global Competitiveness Index 2016-17 has dipped two places to 34th from last year. The report is an annual assessment of the factors driving productivity and prosperity in 138 countries. The degree to which economies are open to international trade in goods ...

Prime Minister Prayut Chan-o-cha is delighted with the improvement in Thailand’s rankings on the United Nations’ E-Government Development Index (EGDI), which went up to 57th this year from 73rd in 2018, government spokeswoman Narumon Pinyosinwat said on Sunday. The index ranks countries based on their governments’ ...

The rapid weakening of the baht could cause problems for the real economic sector, says a senior official at the Bank of Thailand. The central bank is closely watching the baht’s movement, though no irregularity been detected so far, said Chantavarn Sucharitakul, the assistant governor overseeing financial ...

The Tourism Authority of Thailand predicted that the country may lose 100,000 to 200,000 foreign tourists following the blasts, which would mean a loss of some Bt5 to Bt10 billion in tourism income this year. Kobkarn Wattanavrangkul, Minister of Tourism and Sports, said on August 16 that tourism authorities ...

Thailand’s investment of 48.68 billion baht in the China-led Asian Infrastructure Investment Bank (AIIB) will seek approval soon from the National Legislative Assembly. Keep reading ...

In a bid to rein in non-performing loans, several commercial banks are offering a cut of 15-20% for payment of overdue loans to encourage customers to clear their credit card and personal debt, according to a debt collection firm. Pracha Chaisuwan, managing director of Chet Collection ...

Thailand’s central bank expects virtual banks to begin operating in the second quarter of 2025, it said in a statement on Thursday.The Bank of Thailand said it plans to propose giving licences to three operators for virtual banks, but may open this up for additional ...

Business leaders have expressed concerns that the rapidly appreciating baht could dampen exports and suggest business operators hedge foreign exchange risks. The monthly meeting of the Joint Standing Committee on Commerce, Industry and Banking on September 5 heard the disquiet over the increasing volatility of foreign exchange. ...

Thailand’s Ministry of Natural Resources and Environment is presenting how it intends to use research to manage better and enhance the value of Thailand’s marine resources at the 6th Marine Science Conference taking place in Bangsaen of Chonburi. Keep reading ...

The government is set to raise the issue of Laos’s value-added tax in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade. Adul Chotinisakorn, deputy director-general of the Foreign Trade Department, said that while the issue is an ...

The Department of Foreign Trade has reported a 5.81% increase in the value of border and cross border trade and expects that it will reach 1.6 trillion baht in 2019.Keep watching  ...

The Finance Ministry has ordered the Customs Department to step up its search for ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, saying such measures are hurting small and medium-sized ...

Since late 2018, we have already seen signs of global economic slowdown. Financial markets have been fluctuating. Among the factors are the downshifting of the US economy which led to weakened US dollar. The prolonged US-China trade war has troubled Thai exports for quite sometime. ...

The Thai stock and bond markets are expected to witness new investment inflows in the short term following the Bank of Japan’s decisions on 29 January, said TMB research. “Expectations run high that other central banks in Asia including the People Bank of China and Bank ...

The Cambodian government will send 360 officials to Thailand to implement a 100-day campaign to give illegal migrant workers proper documents, the labour minister said yesterday, while also accusing an opposition lawmaker and an NGO leader of swaying migrant workers’ votes.Keep reading ...

It’s 5:30 p.m., and several tourist boats linger in the middle of the Mekong River. A blood-orange sun casts a warm glow across the milky brown water, making it the ideal time to photograph the rare Irrawaddy river dolphins that congregate in deep, swirling pools. ...

Less tourism activities and waste around the Chàm Islands – a world biodiversity reserve site – would help the marine ecosystem in waters off the islands recover after the two-month social distancing order due to the COVID-19 pandemic. Experts and staff from the Chàm Island Maritime Protected Area (MPA) have made ...