Economy and commerce

Thailand aims to increase trade with countries on its borders by 15% this year, to a record high of 1.5 trillion baht ($50 billion). The government is backing the drive to offset an expected slowdown in overall export growth due to appreciation of the baht ...

Speaking at the “Thailand Taking off to New Heights” seminar organised by the Thailand Board of Investment (BOI) on March 19, Thailand’s Deputy Prime Minister Somkid Jatusripitak talked three strategies – investments in mega projects, the development of the Eastern Economic Corridor (EEC), and the ...

As the Thai economy continues to evolve, so too is investment coming from Japan, which sees Thailand as the ideal gateway to the growing ASEAN region. Under the Thailand 4.0 plan, Thailand aims to move to a digital and knowledge-based economy driven by services, innovation, ...

Addressing the Thailand Board of Investment, Cargill expressed its strong support of the Thai government’s “Thailand 4.0” economic model. Cargill also affirmed its strong commitment to continue investing in the Thai economy and contributing to the development of the country’s agriculture sector.Keep reading ...

The Ministry of Commerce has instructed the Department of Internal Trade to keep a close watch on price of goods in the wake of the wage rise slated to apply from April. The move came after the government had announced a minimum wage rise of 8-22 ...

The Asian Development Bank has collaborated with the Office of the National Economic and Social Development Board in holding a seminar on 25 years of Greater Mekong Subregion economic collaboration.Minister of the Prime Minister’s Office Korbsak Phutrakul delivered a keynote address on growth opportunities in ...

Singapore-based United Overseas Bank (UOB) is drumming up interest among Chinese investors to seize opportunities in the Eastern Economic Corridor (EEC) and expects more and more Chinese companies to set up in the country’s flagship economic zone.Keep reading ...

Thai-EU free trade agreement (FTA) talks are expected to resume by the middle of this year, after the bloc late last year agreed to resume political contact “at all levels”, more than three years after suspending them to protest the 2014 military coup.After meeting with ...

Thailand’s Ministry of Agriculture and Cooperatives has reported Thai farm goods enjoyed a trade balance advantage in ASEAN of 200 billion baht in 2017, which should continue if the sector maintains its quality and trustworthiness this year.The Ministry of Agriculture and Cooperatives reports Thailand saw ...

The Office of SMEs Promotion (OSMEP) is optimistic that the country’s small and medium-sized businesses will all register a considerable growth rate this year. Suwanchai Lohawatanakul, Director General of the OSMEP, said on Thursday that the Thai SME’s GDP is expected to grow between 5.0 ...