Economy and commerce

Thailand’s Producer Price Index (PPI) declined year on year for the second consecutive month in keeping with the global trend this year.Poonpong Naiyanapakorn, the director-general of the Trade Policy and Strategy Office (TPSO), said on Monday that the global PPI showed a clear downward trend ...

Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy. The influx of visitors — totalling 6.5 million in the first quarter of 2023 ...

Thailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and investment. The Thai-Sri Lankan FTA is of particular interest in terms of location, ...

Thai household debt rose to 15.09 trillion baht at the end of last year, after a 180-billion baht increase in the fourth quarter of 2022.However, the debt-to-gross domestic product (GDP) ratio saw a marginal quarter-on-quarter decline from 87% to 86.9% in the fourth quarter of ...

Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked.According to ttb analytics, the research centre of TMBThanachart Bank (ttb), the central bank’s Monetary Policy ...

China’s reopening following the end of the Covid-19 crisis has proved to be a boon to Thailand’s economy, as the tourism and export sectors are making strong gains, government spokesman Anucha Burapachaisri said on Saturday.The recovery of China’s economy – the world’s second largest – ...

Thailand’s health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, said the office studied the opportunities for Thailand’s wellness ...

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) wants political parties competing in the general election to pay heed to its six-pronged strategy it believes should play a vital  role in driving the economy over the next four years. The recommendations are scheduled to ...

Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve from higher foreign tourist numbers, the central bank said on Friday.Economic activity is expected to have improved in April and exports should gradually pick ...

The Bank of Thailand (BoT) says it is ready to work with the new government on coordinating fiscal and monetary policies now that most stimulus measures introduced during the Covid-19 pandemic are being wound down. Speaking at a monetary policy forum on Wednesday, assistant governor Piti ...