Economy and commerce

Thailand’s economy performed better than expected in the fourth quarter of 2021, expanding 1.9 per cent year on year, according to official figures on Monday.Reuters had forecast a 1.4 per cent expansion from October to December.Meanwhile gross domestic product (GDP) for the whole year rose ...

The current economic crisis could possibly lead to dissolution of the House of Representatives, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on Feb 14-17 on 1,148 people throughout the country to compile their opinions on ...

Thailand’s agricultural product exports grew 17 per cent last year despite the Covid-19 pandemic, the Office of Agricultural Economics said.Chanthanon Wankhajorn, secretary-general of the Office of Agricultural Economics, said exports of Thai agricultural products from January to December last year were valued at Bt1.3 trillion, ...

Siam Commercial Bank (SCB) has prepared long-term debt restructuring for customers to help them survive the prolonged Covid-19 pandemic, in line with the central bank’s requirement.SCB expects applicants for debt relief measures in 2022 to have 500 billion baht in debt outstanding, up from the ...

Thailand’s outbreak of the Omicron coronavirus variant could have a larger and more prolonged impact than expected on an economic recovery, according to minutes of the central bank’s last policy meeting released on Wednesday.Although, under the baseline scenario, the Omicron outbreak would not derail the ...

The government has set its sights on hastening the economic recovery and marking 2022 as the year of tackling household debt, said Prime Minister Prayut Chan-o-cha in his New Year message.In a Facebook post, Gen Prayut said the country has been beset by problems stemming ...

More than 41 million people participated in four popular economic relief programmes with their combined spending exceeding 254 billion baht last year, says the Finance Ministry.The figures were rounded off on Friday. The programmes are the third-phase aid for holders of state welfare cards, aid ...

Thailand’s economy has been struggling for the past two years due to the Covid-19 outbreak. However, through the cooperation of various sectors and the highvaccination uptake, Thailand is able to finally reopen borders, allowing the economy to recover.Newsline’s Sandra Hanutsaha talks with Dr. Kirida Bhaopichitr, ...

The Thai economy grew by 0.9 per cent as expected in December, though fears over the Omicron variant may slow things down in the first quarter of 2022, the Bank of Thailand (BOT) said.Chayawadee Chai-Anant, senior director of BOT’s Corporate Communications Department, said that despite ...

After much deliberation, the Regional Comprehensive Economic Partnership (RCEP) trade pact is expected to become effective today.The pact was signed on Nov 15, 2020, by the 10 Asean member countries along with five Asean free trade agreement (FTA) partners. At least six members of Asean ...