Economy and commerce

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 Business Sentiment Index (BSI) dropped to 47.4 in November 2019, which was below the 50 threshold for eight consecutive months due largely to weaker confidence in the manufacturing sector, according to a central bank report on Monday (December 2).However, the confidence of respondents in ...

The Thai National Shippers’ Council predicts overall exports this year will be down 2.5-3% this year on earlier expectations, and wants the Bank of Thailand to stop the baht’s appreciation.TNSC chair Ghanyapad Tantipipatpong said on Tuesday the forecast shipment figures were based on an exchange ...