Economy and commerce

Thailand’s export rose for a fourth consecutive month in November on the back of a consistent recovery in key trading partner markets, according to the Commerce Ministry.Shipment in the month increased by 4.9% to 23.48 billion USD, while import expanded 10.1% to 25.88 billion USD, ...

Thailand is scheduled to host a second round of talks on a free trade agreement (FTA) with the European Union (EU) at the end of January, reported the Bangkok Post.According to Chotima Iemsawasdikul, director-general of the Trade Negotiations Department, the Bangkok round of discussions will ...

Thailand’s exports rose by 4.9% in November compared to the same period last year, marking the fourth consecutive month of growth, the Commerce Ministry said recently.Data shared by the ministry suggests a positive trend towards a return to pre-pandemic levels, with an estimated growth of ...

The government claims it has solved the informal debts of 233 registered debtors while Prime Minister Srettha Thavisin on Saturday went to observe a debt-solving model in Nan.According to government spokesman Chai Wacharonke, data from the Interior Ministry shows 106,863 debtors have registered with the ...

The World Bank expects Thailand’s potential growth to be the lowest among Asean economies over the next 20 years because of the country’s ageing demographics and a slowdown in private investment.The potential growth of Thailand’s economy is expected to be around 3% for the next ...

Five industries experienced significant growth this year, while three others were suffering huge contraction, the Ministry of Commerce’s Department of Business Development said on Friday.Department director-general Oramon Sapthaweetham said that the five industries that saw the biggest expansion in the past year were:▪︎ Tourism (growing ...

Thai economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in the third quarter of 2023, well below expectations according to the latest World Bank’s semi-annual Thailand Economic Monitor.Growth in 2023 was dampened by a contraction in goods exports as ...

Thailand’s economy will continue to move forward with the global recovery momentum in the coming year, but it is still shaky when it comes to having a robust economy in the long term, according to an SCB Economic Intelligence Centre (EIC) report.EIC chief economist Somprawin ...

The Asian Development Bank (ADB) has lowered its economic forecast for Thailand in 2023 from 3.5% growth to 2.5%, citing export contraction, reduced government spending, and lower investment from both the public and private sectors.The ADB also revised down its forecast for the Thai economy ...

Thailand has unveiled the focus of its four-year strategy to attract foreign direct investment to boost its faltering economy: clean energy and incentives to offset the new Global Minimum Tax.Prime Minister Srettha Thavisin has embarked on an international roadshow since coming to power in August, ...