Economy and commerce
Small and medium enterprises (SME)
Ministry to consider tax perks to stimulate retail spending
The Finance Ministry is ready to consider retail operators’ proposal for tax breaks on shopping to stimulate domestic spending, says Finance Minister Uttama Savanayana.The ministry has delegated related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, ...
Bangkok Post Reporter
Covid-19 second wave leads to surge in demand for safe-haven assets
Investors are likely to shift from risk assets to safe-haven assets due to uncertainty following the second wave of Covid-19 pandemic, experts said.The baht this week moved between 30.94 and 31.24 against the dollar.The dollar strengthened due to uncertainty following rising Covid-19 cases in the ...
The Nation Reporter
FTI taking SME rehab plan to PM
The Federation of Thai Industries (FTI) will submit its economic rehabilitation plan to Prime Minister Prayut Chan-o-cha today, urging the government to speed up issuance of soft loans and technological help for farmers and small and medium-sized enterprises (SMEs).Speaking on Thursday, FTI chairman Supant Mongkolsuthree ...
Lamonphet Apisitniran
Industrial group supports Thailand joining CPTPP
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) supports the move to make Thailand a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost the nation’s international trade in the post-pandemic period.The panel’s stance, unveiled on Tuesday by the ...
Lamonphet Apisitniran
Change of consumer behaviour in new normal boosts online sales
E-commerce in Thailand this year will rise by 35 per cent or Bt220 billion due to the “new normal” brought on by the government’s lockdown measures amid the Covid-19 crisis, Priceza.com revealed on Wednesday (June 10).Priceza.com is a leading price comparison website in Southeast Asia ...
The Nation Reporter
On the Thai-Myanmar border, COVID-19 closes a billion-dollar racket
The closure of dozens of illegal trade gates along the border with Thailand to prevent the spread of COVID-19 is causing shortages of everything from beer and energy drinks to detergent and cosmetics, highlighting the vast scale of informal trade with Thailand.For decades, billions of ...
Companies want clarity on CPTPP
The private sector is calling for a quick and clear stance from the government on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).Companies cited foreign investors who have already invested and are interested in further spending in Thailand, though they are waiting for the ...
Phusadee Arunmas
Thai investor confidence rises, policy rate seen on hold - surveys
Investor confidence in Thailand’s financial markets over the next three months has hit its highest level this year, helped by the sooner-than-expected easing of a coronavirus lockdown, a capital market association said on Tuesday.The Federation of Thai Capital Market Organisations said its May survey showed ...
Thailand returns to roots as food exports soar
Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods.The proportion of food- and agricultural-related exports to total shipments jumped to ...
Govt to consider joining Asia-Pacific trade pact in a month
The cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry.The lower house panel will open for public opinions on ...