Economy and commerce

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 ...

Prime Minister Srettha Thavisin flew to the island province of Phuket on Friday to highlight its significance as a major money-maker for Thailand’s tourism industry.It was his first provincial trip as the leader of Thailand’s new government in the making.“The Pheu Thai Party sees tourism ...

The Free Trade Agreement (FTA) with the Pacific Alliance (PA) has raised Thailand’s gross domestic product (GDP) by 0.04% and boosted trade by 16.75%, benefiting various Thai exports.That 0.04% increase is worth about US$200 million, according to Auramon Supthaweethum, director-general of the Department of Trade ...

China’s economic downturn is likely to impact already struggling Thai exports and the anticipated influx of foreign visitors this year, Finance Minister Arkhom Termpittayapaisith said on Tuesday.China’s economy is expanding more slowly than many agencies had predicted, Arkhom noted. He added that despite the Fiscal ...

The National Economic and Social Development Council (NESDC) has revised downwards Thailand’s gross domestic product (GDP) for this year to between 2.5% and 3%, following a second-quarter expansion of just 1.8%.The decrease in growth is attributed to a 5.6% decline in exports in the last ...

Thai producers adopting the Bio-Circular-Green (BCG) economic model are eyeing the international market following the success of BCG-branded products at home, and the Commerce Ministry is assisting by identifying new products and promoting them.With consumer trends prioritising environmentally-friendly and sustainable products, Thai BCG products – ...