Economy and commerce
Private spending slowed in June under impact from virus: FPO
The Thai economy in June continued to feel the impact of Covid-19, Fiscal Policy Office (FPO) revealed on Wednesday.The impact was reflected in the slowdown in private spending, especially private investment. However, exports continued to expand at a high rate, the FPO added.Private consumption indicators ...
The Nation Reporter
Border trade in June up 41.68% from last year
Thailand’s border and transit trade in June surged 41.68 per cent from same period last year, the Commerce Ministry reported on Wednesday. Total border-transit trade last month was worth 146.094 billion baht.Trade with four neighbouring countries was topped by Malaysia with a rise of 15.33 ...
The Nation Reporter
Thailand sees 23% rise in new businesses in first half
Despite the Covid-19 pandemic, the first half of 2021 saw 41,022 new businesses established, or 23 per cent more than the same period last year. In comparison, only 4,930 businesses shut down or 21 per cent fewer than last year.The top three sectors that attracted ...
The Nation Reporter
Thai economy no longer a subject of global interest, new report says
Thailand’s economy has crossed a tipping point with the country beginning to be losing global interest, said a new research report from the Kiatnakin Phatra Financial Group (KKP).Relocation of production bases, falling direct investment, and a slowdown in the export sector show that Thailand no ...
FTI warns virus spread threatens exports
The ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI).Kriengkrai Thiennukul, vice-chairman of the FTI, said disease transmission is affecting production capacity and ...
Lamonphet Apisitniran
Chamber of commerce urges financial aid for businesses to cope with partial lockdown
The Thai Chamber of Commerce (TCC) has urged the government to roll out aid measures, as it estimates that the two weeks lockdown in 13 provinces will cost the economy up to THB120 billion.The Centre for Covid-19 Situation Administration on July 12 imposed a partial ...
The Nation Reporter
Ministry to propose frameworks for FTAs
The Commerce Ministry looks set to propose negotiation frameworks for the Thai-EU free trade agreement (FTA) and Asean-Canada FTA for cabinet approval in the third quarter, aiming to boost the country’s exports.Speaking after the Joint Public and Private Sector Consultative Committee on Commerce meeting yesterday, ...
Phusadee Arunmas
World Bank lowers Thailand’s economic outlook to 2.2% [Video]
Due to the COVID-19 crisis, the World Bank has reduced its forecast for Thailand’s economic growth this year to 2.2 percent, while the country’s export sector is expected to grow at 7.3 percent.Keep watching ...
Long-stay visas, EVs to help spur economy
Deputy Prime Minister Supattanapong Punmeechaow is planning to propose to the cabinet a plan to allow rich foreigners to enjoy long-stay visas in Thailand.According to Mr Supattanapong, the Centre for Economic Situation Administration (CESA) approved in principle on June 4 a scheme to offer long-stay ...
Bangkok Post Reporter
Agency warns investors of DeFi risks, legal situation
The Thai Digital Asset Association warned investors about the risks of investing in DeFi and clarified that the association cannot serve as an intermediary in a legal dispute after Genesis, a decentralised platform (DeFi) platform, claimed the association will act as an intermediary for the ...
Bangkok Post Reporter
