Economy and commerce

Thailand is moving ahead with plans to upgrade economic cooperation with China, agreeing Wednesday (Nov, 7) to the comprehensive framework on enhancing trade and economic partnership between the two nations and aiming to double bilateral trade to UScopy40 billion (4.59 trillion baht) by 2021.Keep reading ...

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Digital industry is a significant driver of Thailand’s economic transformation strategy, as the country has been moving beyond capturing the global digital evolution for years. With the Thai government’s supportive Thailand 4.0 policy on national infrastructure improvement, extensive efforts to develop a complete ecosystem to ...

The Cabinet has made changes to the criteria and benefits of the smart visa program in a bid to facilitate foreign academics who come to share their knowledge with Thai industrial personnel. Following the weekly Cabinet meeting, Government Spokesperson Puttipong Punnakanta announced that approval was ...

The government of Myanmar has launched a major investment drive centred on Asian countries in the face of declining interest from the West. “We must be proactive and seek the sort of investment that is good for the country,” Thaung Tun, head of the Myanmar ...

Though countries in Asia Pacific are racing to build their own cryptocurrency hubs — Jeju Island in South Korea or Cagayan in the Philippines are among them — they are arguably playing catch-up: Thailand has one of the most prosperous cryptocurrency ecosystems in the region, ...

Although hopes remain high that the much-touted 2019 general election will be a catalyst jump-starting confidence among consumers and investors, the dream is marred by the reality that several economic tailwinds are keeping full-scale celebrations at bay. Exports are braced for impact from the US-China ...

The Bank of Thailand is considering whether to allow banks to demand additional collateral to back loans extended to small and medium-sized enterprises (SMEs) that are unable to fully comply with the single account scheme practice. The move is to help SMEs that are not ...

Border trade in the first nine months of 2018 grew 6.14% year-on-year to 1.04 trillion baht, with an export surplus of 133 billion baht, but the negative impact of falling Chinese tourist arrivals is now showing.Keep reading ...

Despite September’s export slump, the government remains upbeat about achieving 11 million tonnes of milled rice exports this year on high demand. Adul Chotinisakorn, director-general of the Foreign Trade Department said rice export prospects are still promising for the last quarter, with continued import orders, ...