Economic policy and administration

The Cabinet yesterday decided to set aside a budget of US$200 million (Bt6.4 billion) as contribution for the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) fund within five years.Keep reading ...

Thailand could take a few lessons from South Korea on how to make further inroads into the global e-commerce market. The Seoul government aims to incubate as many as 15,000 e-commerce exporters over the next three years. Multiple South Korean government agencies have joined forces ...

The cabinet on Tuesday passed resolutions on several issues, ranging from the transfers of high-ranking government officials and measures for oil palm growers to measures for business operators.The cabinet approved extension to the registration period for a reduction in corporate income tax for Special Economic ...

With a budget of Bt1.28 billion, the Ministry of Industry’s Department of Industrial Promotion (DIP) aims to generate a business value of Bt13 billion in 2019 through bringing traditional small and medium-sized enterprises (SMEs) onto e-commerce platforms and boosting the country’s startup ecosystem through Thailand ...

The Thai Department of Foreign Trade (DFT) will host a Thai-Cambodia economic partnership event in which the governments of both countries and the private sector have been invited to trade and offer investment promotion and solutions.The event will also feature a business matching activity for ...

Thailand will apply this month to join the new trans-Pacific free trade agreement, aiming to ensure it is not left behind by its competitors in the vibrant region, according to the country’s trade negotiations chief.“Thailand is working with the documents for applying to the CPTPP,” ...

The Board of Investment (BoI) has approved in principle the promotion of Thailand as a bio-economy hub to increase farmer income, in line with the government’s policy to reduce income inequality and develop new S-curve industries.Keep reading ...

Adding value to Thai products by increasing the connectivity between the agriculture, manufacturing and tourism industries is key to achieving economic growth in 2019 and beyond, said deputy prime minister Somkid Jatusripitak during a meeting yesterday with the National Economic and Social Development Council (NESDC).Keep ...

Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation (SMBC) is keen to expand in Thailand to cash in on the Industry 4.0 initiative set to attract more foreign invester.Keep reading ...

Thailand, as Asean chair, will push for conclusion of the Regional Comprehensive Economic Partnership (RCEP) negotiations by the year-end in order to counterbalance the negative impacts of the US-China trade war. Auramon Supthaweethum, director-general of the Department of Trade Negotiations (DTN) under the Commerce Ministry, ...