Economy and commerce

The Foreign Ministry launched a weeklong summit with Thai ambassadors, consuls general and trade representatives to give them instructions on working proactively to expand the country’s economy.The forum, which wraps up on Friday, was opened by Foreign Minister Parnpree Bahiddha-Nukara on Monday at the JW ...

Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.The banking system remained strong with high levels of capital, loan-loss provisions ...

The Marketing Association of Thailand (MAT) forecasts marketing spending next year will increase by only 3% because of the negative outlook for the global economy. Marketers are expected to prioritise their investment in the areas of content platforms, commerce platforms and payment platforms next year, said ...

The Thai Chamber of Commerce has urged the government to reform the country and its economy, import technology, attract foreign skilled labour, improve education and boost the birth rate. The results of a survey of nationwide members of the Thai Chamber of Commerce were compiled in ...

Over the past two to three months, the government’s focal point has been the digital wallet project, marked by the establishment of a task force and frequent updates.However, this heightened communication has drawn criticism from scholars who question the government’s communication strategies.Burin Adulwattana, managing director ...

Clarification of the details concerning the 10,000 baht digital handout will be announced in the coming week in line with Prime Minister Srettha Thavisin’s promise that the scheme would be finalised by November 10.Sources from the government revealed that a committee meeting on the project, ...

Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate.Exports, a key driver of the Thai economy, are expected to fall between 0.5% to 2% this year, said the group, which ...

Thailand’s economic recovery is intact but inflation risks could weigh on the country’s growth outlook, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Wednesday. There was upside inflation risk brought on by the El Nino weather pattern pushing up food prices, plus higher oil prices, ...

Despite 20 million foreign arrivals in the first nine months of the year, the tourism index has still plunged below the regular rate as operators witnessed sluggish spending due to global economic concerns and a high level of household debt, according to the Tourism Council ...

Joining the BRICs alliance would present economic opportunities for Thailand, as the alliance, comprising Brazil, Russia, India, China, and South Africa, is enjoying strong negotiating power in trade agreements, according to former finance minister Thirachai Phuvanatnaranubala.Trade with China was extensive back in the days when ...