Economy and commerce

Thailand’s cross-border trade fell by 7.6% year-on-year in the first quarter as the coronavirus hit the global economy and led bordering countries to close dozens of checkpoints.The Foreign Trade Department on Tuesday said the country’s overall cross-border trade, including transit trade, totalled 264.97 billion baht ...

The consumer price index (CPI), a gauge of headline inflation, fell 2.99% year-on-year in April, the biggest decline in 10 years and nine months.The major contributions came from energy prices, which saw the biggest drop in 11 years and two months, and discount goods and ...

The Federation of Thai Industries (FTI) has prepared a recovery plan to boost the grassroots economy and rebuild industry through a local economy scheme to cope with the coronavirus outbreak.The economic recovery plan aims to help businesses move towards high-value-added products and sustainable growth in ...

The economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank.The V- or U-shaped recovery mainly depends on foreign tourist arrivals and the ...

The economy contracted at an accelerated pace in March due to Covid-19 measures, with sharp drops reported in almost all areas, according to the Bank of Thailand.Inflation fell into negative territory for the first time since June 2017, said Don Nakornthab, senior director of the  ...

The committee supervising government expenditure will come up with guidelines on community-level economic activities within May, Deputy Prime Minister Somkid Jatusripitak said on Thursday (April 30).He explained that Bt600 billion of the Bt1-trillion loan taken by the Finance Ministry will be used for cash handouts ...

The overall damage Thailand’s national economy, caused by the COVID-19 pandemic, is currently estimated at about one trillion baht, while business confidence for the first quarter of this year has dropped to 47.2, which is the lowest in almost two years, according to the forecast ...

Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.The country has before said it aimed to seek ...

The Ministry of Commerce has continuously reduced commodity prices, to help reduce Thai citizens’ cost of living during the COVID-19 outbreak.Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce said the commodity price reductions are a form of continuous aid from the ministry, in ...

The Finance Ministry will issue promissory notes (PN) worth 70 billion baht as the first batch of borrowing under the 1-trillion-baht royal decree to soften blow from the Covid-19 spread and the government’s containment measures.“Initially the Public Debt Management Office plans to offer 70 billion ...