Economy and commerce

Thailand’s economic growth is expected to accelerate from 2023 to 2024, driven by public investment, after slowly recovering from the impact of the coronavirus pandemic, the finance minister said on Wednesday.The government is maintaining its gross domestic product (GDP) growth target of 4% this year, ...

The government’s ambitious goal of 4% economic growth this year will be difficult, requiring a lot of effort and a host of supporting factors such as higher exports, recovering foreign tourist arrivals and active private investment, says the Finance Ministry’s Fiscal Policy Office (FPO).FPO adviser ...

The Commerce Ministry has launched the “Thailand Deliver with Safety” campaign to boost confidence in Thai food products during the Covid-19 pandemic, highlighting safe manufacturing practices.In 2020, four government ministries – Commerce, Public Health, Agriculture and Cooperatives and Interior – jointly signed an MOU on ...

The Bank of Thailand (BoT) has acknowledged the benefits of digital and crypto currencies and has begun developing a digital currency for the Thai public.Keep watching ...

More Thai consumers are prioritising financial health during the Covid-19 pandemic compared with their Asean counterparts, according to the UOB Asean Consumer Sentiment Study 2020.The study found that close to three in four Thai consumers (72 per cent) want to manage their financial health, ahead ...

Thailand’s consumer confidence index rose for the first time in three months to 49.4 points in February after falling for two straight months to a nine-month low at 47.8 points in January, said forecasters at the University of Thai Chamber of Commerce Thursday.“Consumers are more ...

Thailand’s Retail Sentiment Index surged by 43 per cent in February compared to January, thanks to the government’s moves to ease Covid-related restrictions.The Thai Retailers Association and Bank of Thailand conducted an online survey from February 15 to 23 on over 27,000 retailers nationwide, the ...

More Thai consumers are focusing on their financial health during the Covid-19 pandemic compared to their Asean counterparts, the UOB Asean Consumer Sentiment study showed.The study found that three in four Thai consumers (72 per cent) want to manage their financial health, ahead of respondents ...

The Cabinet has approved a relaxation to a 95-year-old law determining the interest rate for loans whose rate has not been agreed upon, and overdue loans. This relaxation will give debtors better chances of paying back their loans.Keep watching ...

The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020.According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures ...