Economy and commerce

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 ...

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 ...

The Bank of Thailand said on Tuesday that headline inflation should decline and hover around the lower band of its target range of 1%-3% by the end of the year.A jump in inflation in the second quarter was deemed as temporary due to the low ...

Thailand aims to clinch deals to form deeper trade partnerships through “mini-FTAs” with Hainan, China and Telangana, India by August after the country on Monday inked a memorandum of understanding (MoU) to form a mini free trade agreement (mini-FTA) with Kofu city in central Japan.Commerce ...

A private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% ...

The Covid-19 pandemic has presented an unpleasant picture for new factory registrations, with a sharp decrease in new factories and facility expansions in the third quarter of 2021, according to the Department of Industrial Works (DIW).From October 2020 to June 2021, factory expansion projects decreased ...

Consumer confidence dropped to a record low in June, dented by the country’s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in ...

Thailand’s economy faced significant downside risks and limited policy room should be preserved to be used for the most effective time, the central bank’s minutes of its last meeting showed on Wednesday.A prolonged coronavirus outbreak could cause Southeast Asia’s second-largest economy to underperform the baseline ...

Thailand’s exports are expected to rise more than 7% in the third quarter from a year earlier and 6% in the final quarter of the year, lifted by higher global demand and a weaker baht, the Thai National Shippers’ Council said on Tuesday.Exports could grow ...

Thai exports via a new online channel totalled 10.152 billion baht in the first half of 2021, the Department of International Trade Promotion reported on Monday.The online export platform www.thaifex-vts.com was used at the THAIFEX Virtual Trade Show on May 25 and will operate until ...