Economy and commerce

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 ...

The economy is expected to grow by more than 1% this year, helped by improved exports and government measures as well as a gradual recovery in tourism, Finance Minister Arkhom Termpittayapaisith said on Wednesday.The economy suffered a 6.1% economic slump last year, with the vital ...

Despite the Covid-19 fallout, the food and beverage industry has proved to be a stable income generator for most Thai exporters.Ronnarong Poonphiphat, director of the Trade Policy and Strategy Office (TPSO), said food and beverage exports accounted for 73 per cent of total exports in ...

Thailand’s exports rose more than expected in September from a year earlier, helped by trade partners’ economic recovery, a weak baht and government trade promotion, the commerce minister said on Tuesday.Exports, a key driver of growth, increased 17.1% in September from a year earlier, beating ...

The Commerce Ministry’s Internal Trade Department is keeping a close watch on the prices of essential and agricultural products for the remainder of the year as floods are affecting parts of the country and energy prices are rising.Wattanasak Sur-iam, the department’s director-general, said products under ...