Economy and commerce

The government plans to set up a national shipping line company to promote Thailand as a regional logistics hub for maritime trade.Government spokesman Thanakorn Wangboonkongchana said on Sunday that Prime Minister Prayut Chan-o-cha instructed state agencies to study the possibility and cost-effectiveness of setting a ...

Thailand’s digital finance will be a major boost to economic growth next year, helping smaller businesses gain more access to credit after a struggle to stay afloat during the pandemic, the finance minister said on Wednesday.Small-and-medium enterprises (SMEs), the backbone of the economy, have been ...

The Public Debt Management Office (PDMO) is expected to issue another batch of government savings bonds, worth 70 billion baht, in the second quarter of next year to satisfy high demand, says director-general Patricia Mongkhonvanit.The PDMO plans to offer total savings bonds worth 150 billion ...

More people have turned to the internet for financial transactions and making payments for goods and services, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on 1,047 people throughout the country from Nov ...

The national reopening campaign is now in full-swing, despite the emergence of the Omicron COVID-19 variant. And the Center for Economic Situation Administration(CESA) has approved four new campaigns promoting economic activities and investments.Keep watching ...

Rising product prices based on higher demand and persistently high oil prices are expected to drive Thailand’s headline inflation to grow by 0.7% to 2.4% (an average of 1.5%) next year, from 0.8% to 1.2% this year, according to the Commerce Ministry.The projection is based ...

Business under Thailand’s 13 free-trade agreements (FTAs) has been expanding despite the Covid-19 crisis, its trading partners in Asean, China, Japan, South Korea, Hong Kong, Australia, New Zealand, India, Chile and Peru.In the first nine months of the year (January to September), the total trade ...

The Bank of Thailand (BoT) expects higher non-performing loans (NPLs) in the local banking system after banks relaxed debt assistance measures, but the bad loans are expected to be contained under the strong risk management of the banking sector.The central bank on Friday announced the ...

The government expects cross-border trade prospects to fare better than an earlier forecast thanks to buyers’ confidence in the quality of Thai products and the economic recovery of neighbouring countries.The bullish forecast also stems from efforts by the ministry to address traffic congestion at border ...

The Finance Ministry on Thursday cut its 2021 economic growth forecast to 1.0% from a previously projected 1.3% expansion, the fourth such revision this year, as the country struggles to recover from the pandemic.Thailand suffered a 6.1% economic slump last year, after the collapse of ...