Economy and commerce
Economic downtrend continues in Oct despite private consumption, tourism growth
The Thai economy stayed on the path of deceleration in October, the Bank of Thailand said in a report yesterday (November 29).The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and ...
The Nation Reporter
‘Eat, Shop, Spend’ campaign a big hit among Thai spenders
The government’s “Eat, Shop, Spend” campaign has been highly successful in all three phases in boosting domestic consumption, a Finance Ministry official said.Lavaron Sangsnit, director-general of the Fiscal Policy Office and Finance Ministry spokesman, said the campaign had been especially successful in boosting spending via ...
The Nation Reporter
Regional confidence in economy seen rising
Citizens’ confidence is strengthening in the Thai economy’s six-month outlook, according to a Regional Confidence Index compiled with data from 76 provincial treasury offices. The Thai Chamber of Commerce and Federation of Thai Industries announced the conclusion on Thursday (November 28).Keep reading ...
The Nation Reporter
EU paper outlines measures to boost business ties with Thailand
The European Association for Business and Commerce (EABC) on Friday (November 29) called for enhanced competitiveness, further improvement of ease of doing business, and negotiation of an EU‐Thailand Free Trade Agreement.The EABC said these factors were crucial to strengthen Thailand’s economy, support the Thailand 4.0 ...
The Nation Reporter
Household Debt in Thailand has Risen to a Record High
As the Thai Baht soars and the economy lags household debt in Thailand has risen to a record high of 340,000 baht per household. According to a poll on household debt, conducted by University of the Thai Chamber of Commerce.Thanawat Polvichai, a director at UTCC ...
New rules to help SMEs raise capital
The Securities and Exchange Commission is in the process of issuing regulations to facilitate capital market funding access for small and medium-sized enterprises (SMEs), aiming to initially allow SME share offerings and convertible debentures without document submission.The move will reduce unnecessary procedures and costs, and ...
Pathom Sangwongwanich
Thai, Laos financial institutions cooperate to expand Digital Payment system
Mr. Bancha Manoonkulchai, senior director of the payment system policy division, Bank of Thailand (BOT), has disclosed that the development of digital payments and the linkage of Thai payment systems are growing with currently 49.5 million PromptPay registered users through various channels, with average daily ...
China to dominate CLMV as Thailand set to lose out
China is expected to dominate the CLMV market, with Thailand estimated to lose as much as 187 billion baht by 2022 as Cambodia, Laos, Myanmar and Vietnam are inundated with Chinese goods.According to Aat Pisanwanich, director of the Center for International Trade Studies at the ...
Phusadee Arunmas
New measures out to boost economic growth
The Cabinet today (November 26) approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana, adding that the measures aim to support small farmers, SMEs and property developers.Uttama expects the new measures to generate Bt80 billion to the economic ...
The Nation Reporter
Finance Ministry to submit latest economic stimulus package to Cabinet
The Finance Ministry will on Tuesday (November 26) submit to the Cabinet its latest economic package to boost the economy, Minister Uttama Savanayana said.The new package follows the scheme on consumption and tourism, known as “Eat, Shop, Spend”, which the government has been implementing.Uttama’s announcement ...
Wichit Chaitrong
