Economy and commerce
Household debts slow but remain high
Commenting on the news that S&P Global Ratings had upgraded its outlook on Thailand’s sovereign credit rating to positive from stable for the first time in 9 years, Prime Minister and Minister of Defence Gen Prayut Chan-o-cha said after the Cabinet meeting on Tuesday (December ...
The Nation Reporter
Central bank seen holding key rate at record low
The Bank of Thailand (BoT) is expected to leave its benchmark interest rate at a record low on Wednesday after two cuts this year, a Reuters poll showed, although it was likely to downgrade its growth outlook again.All 16 economists in the poll predicted the ...
Asean paves path towards better FTAs
Thailand looks poised to improve free trade agreements (FTAs) under the Asean framework next year, aiming to extend tariff cuts to cover more products, particularly sensitive items.The Trade Negotiations Department also wants to upgrade agreements so they are in line with changing economic conditions.Keep reading ...
Phusadee Arunmas
Finance Minister says government has clear investment plan [Video]
The economic foundation in Thailand remains strong, after an international credit rating agency recently raised the country’s outlook to positive, as the government continues short-term measures to stimulate the domestic economy amid the global economic slowdown.Keep watching ...
Walking street-led economic recovery
In its latest campaign to encourage more spending and boost tourism Bangkok’s government is launching a series of walking streets today before the Thai government spreads the walking street ‘boost’ to other provinces. Silom and Yaowarat roads are becoming pedestrian walkways today and other provinces ...
Confidence index dips for 12th month
The government is being urged to rev up budget disbursement and continue introducing more stimulus measures to spur spending as overall business sentiment remains low.The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the business confidence index, a gauge of nationwide business ...
Phusadee Arunmas
SSFs to register lower inflow
The amount invested in the recently approved Super Savings Funds (SSFs) could dwindle by half from the annual sums invested in long-term equity funds (LTFs) because of the significant reduction in tax privileges, says a capital market executive.SSFs is expected to see inflows worth around ...
Nuntawun Polkuamdee
BOT mulls refinance programme for credit card debtors
The Bank of Thailand (BOT) is considering a refinance programme for credit card debtors with credible payment history, assistant governor of communications and corporate relations Chantavarn Sucharitakul said.“BOT has taken note of the problem faced by those credit card debtors’ during its Debt Clinic, and ...
The Nation Reporter
Thai GDP growth forecast for 2019 slashed further
Kasikorn Research Centre has revised downward its gross domestic product (GDP) forecast for 2019 to 2.5 per cent and projected that the Thai economy may grow 2.7 per cent in 2020.The centre revealed the forecast at its seminar on “Business Outlook amid Numerous Challenges in ...
The Nation Reporter
Commerce Ministry urges industries to increase their exports until early 2020
Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said on Wednesday (December 4) that his ministry has held discussions with the Thai Chamber of Commerce, the Federation of Thai Industries and representatives from the private sector, asking them to accelerate the export of products that ...
The Nation Reporter