Economy and commerce

The number of Thais accessing the internet has increased by 13.7 million people in 5 years, reaching a total of 61.2 million users, according to data released by Krungthai BankThe use of social media has surged to 52.3 million people, with Facebook and Line dominating ...

A royal decree meant to regulate digital platforms will take effect on Aug 21, intended to transparently govern operators and promote consumer protection, says Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was published in the Royal Gazette on Dec 23, 2022.Once ...

Thailand’s economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday. The weaker baht compared with last year could for the full year 2023 help exports to either grow, or fall ...

The Thai economy is likely to expand 3.6% this year and 3.8% next year due to stronger-than-expected growth in the tourist industry, according to the Bank of Thailand (BOT).It said the number of foreign tourists could hit 29 million this year and 35.5 million next ...

Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s ...

Asean will focus on increasing the use of digital technology to expand trade and enhance economic cooperation among its 10 member states, according to a recent meeting of senior economic officials who oversee the bloc’s economic agenda for this year.Asean will also continue trade talks ...

The dollar value of Thai exports fell for a seventh straight month in April, down 7.6% from a year earlier, the Ministry of Commerce said on Tuesday, as global demand remained slow. The decline was far more than the 2% fall forecast in a Reuters ...

The National Economic and Social Development Council (NESDB) has issued a warning that Thailand must take more decisive actions to turn its carbon reduction plans into reality.The country is facing mounting regulatory pressure from export markets and foreign investors, necessitating a proactive response.Danucha Pichayanan, the ...

The value of investment in Thailand soared by 77% year-on-year to 185.7 billion baht from 397 project proposals between January and March, with South Korea being the top foreign investor in terms of value  in the first quarter, says the Board of Investment (BoI).Foreign investment ...

Rising household debt is a “time bomb” awaiting Thailand’s new government, and the problem will likely be more apparent when the ongoing economic recovery loses momentum, an official said.“It’s like a ticking time bomb that can explode later,” Danucha Pichayanan, secretary-general of the National Economic ...