Economy and commerce
BoI partners with FTI to promote BCG investments
The Board of Investment (BoI) has joined hands with the Federation of Thai Industries (FTI) to push ahead with new investments in targeted industries in line with bio-, circular and green (BCG) economic development. A joint committee will be set up by the two institutions to ...
Bangkok Post Reporter
Thai economy may miss forecast next year as global growth slows
Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday.Slowing exports will not affect the ministry’s growth outlook of 3.4% for this year ...
Government gives the go-ahead for tax on share sales in stock exchange
After more than 30 years of exemption, the Thai Cabinet on Tuesday approved levying a financial transaction tax for trades in the Stock Exchange of Thailand (SET).The plan to tax SET traders has been around for 30 years, but it has always been waived by ...
The Nation Reporter
Thailand Inflation Moderates Ahead of Central Bank Rate Decision
Thailand’s core inflation surged to the highest since 2008 on higher energy and food costs, piling pressure on the nation’s central bank to start raising interest rates.Core price gains, which strips out volatile food and fuel items, was 3% in July, quickening from 2.51% a ...
Thai central bank to test retail digital currency late this year
Thailand’s central bank said on Friday (Aug 5) it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option.During the testing, the retail central bank digital currency (CBDC) will be used in conducting cash-like ...
Thai business group sticks by GDP outlook despite inflation risk
Thailand’s economy is still expected to grow 2.75 per cent to 3.5 per cent this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday (Aug 3).Exports are expected to increase 6 ...
Banks expected to delay rate hike
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand’s anticipated gradual policy rate hike.Under the policy rate hike trend in the second half of this year, banks ...
Bangkok Post Reporter
Thailand's economy to improve further on consumption, tourism
Thailand’s economy improved in June and the momentum is expected to continue into the second half of 2022 thanks to increased tourism and domestic consumption as pandemic curbs eased.The Bank of Thailand (BoT)’s Senior Director Chayawadee Chai-Anant said the tourism sector will play an important ...
Global issues and inflation put a damper on Thai economic recovery
The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short ...
The Nation Reporter
BoT can't afford to hold interest rates
Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.That belief is hard to fathom in today’s liquid international capital market where money can move from one ...
Bangkok Post Reporter
