Economy and commerce

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’ ...

Thailand has climbed two notches in the rankings of the closely watched Global Competitiveness Index 4.0 (GIC 4.0) to 38th place.The country improved its score from 66.3 in 2017 to 67.5 out of 100 in the report that is put out by the World Economic ...

In a meeting yesterday (Oct 16), the Cabinet approved drafts that will add legal conditions to support small- and medium-enterprises (SMEs), allow the setting up of trade associations and raise registration fees to help cope with the country’s economic situation. Keep reading ...

Commerce Minister Sontirat Sontijirawong has urged commerce attaches to prepare for a global trade war, which he said is likely to intensify next year. “It [trade war] will be more intense next year, and we must assess its impact on the country,” said Mr. Sontirat ...

The Finance Ministry will seek cabinet approval to require financial institutions to contribute 0.001% of their deposit base to a fund tasked with promoting small and medium-sized enterprises (SMEs).A legal amendment is needed for the contribution requirement, and the fund is expected to receive 100 ...

Sustained trade tensions could slash Asia’s economic growth by up to 0.9 percentage points in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise markets to offset the fall in export sales.Keep reading ...