Economy and commerce

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, ...

The Commerce Ministry intends to turn a crisis into opportunity by tapping new markets that have emerged as a result of the escalating US-China trade war.The ministry aims to push exports to the United States through food diplomacy while also aiming to boost its food ...

Prime Minister Prayut Chan-o-cha has ordered government agencies to find supportive measures for the competitive trading of the Thai rice in the world market.Keep watching ...

Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the US and China prompts companies to shift production to the region.Vietnam saw manufacturing inflows jump 18% in the first nine months of 2018, driven by investments including a ...

The University of the Thai Chamber of Commerce (UTCC) says the country’s economy remains strong in spite of the ongoing trade war between the United States and China. Thanawat Polvichai, director of the Economic and Business Forecast Centre of the UTCC, on Saturday revealed that ...

A veteran economist, Sawai Boonma, has called on the country to apply the principles of a sufficiency economy, as introduced by the late monarch, to their everyday activities. The economist-turned-writer said the sufficiency economy philosophy is an effective mechanism to sustain economic growth and citizens’ ...