Economy and commerce
Exports seen rising more than 7% y/y in Q3
Thailand’s exports are expected to rise more than 7% in the third quarter from a year earlier and 6% in the final quarter of the year, lifted by higher global demand and a weaker baht, the Thai National Shippers’ Council said on Tuesday.Exports could grow ...
Online export channel logs orders worth THB10.15bn in first 6 months
Thai exports via a new online channel totalled 10.152 billion baht in the first half of 2021, the Department of International Trade Promotion reported on Monday.The online export platform www.thaifex-vts.com was used at the THAIFEX Virtual Trade Show on May 25 and will operate until ...
The Nation Reporter
Household debt reaches 18-year high
Thailand’s household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.Kasikorn Research Center (K-Research) reported Thailand’s outstanding household debt increased to 14.13 trillion baht in the first quarter of 2021, or 90.5% of GDP, the highest level in ...
Bangkok Post Reporter
FDI to start recovering next year in hotel, tourism sectors
Thailand’s foreign direct investment (FDI) is expected to recover next year, especially for hotels, tourism and other sectors such as electronics and wafer fabrication for which the Board of Investment has offered attractive tax breaks.Speaking at an online seminar “Key Findings Of UNCTAD World Investment ...
Bangkok Post Reporter
Only SMEs with “chance to survive” will qualify for loan rehabilitation scheme
Only Small and Medium Enterprises (SMEs) with a chance to survive will qualify for the loan rehabilitation scheme to cope with the economic impact from the Covid-19 crisis, said the Bank of Thailand governor on Friday.“Not all enterprises that receive credit will survive. We must ...
Bridge link to spur economy
The Thai economy will be powered by a southern land bridge megaproject, which will connect the Gulf of Thailand with the Andaman Sea, as part of the state’s ambitious plan to make Thailand a logistics hub in Asean, says Transport Minister Saksayam Chidchob.The minister highlighted ...
Bangkok Post Reporter
BoT revises growth forecast to 1.8%
The Bank of Thailand (BoT) has slashed the country’s economic growth forecast again for this year to 1.8% from an earlier projection of 3%, due to lower foreign tourist arrival estimates and lower domestic demand due to the third wave of Covid-19.Under the downside risk ...
Bangkok Post Reporter
Exports show surprise bounce on global economic recovery
Thailand’s exports in May bounced by a better-than-expected 41.59 per cent from a year earlier, the highest rate seen in 11 years, from low base levels induced by the pandemic in 2020, the Ministry of Commerce said Thursday.The figure beat a Reuters forecast of a ...
NESDC outlines key areas of focus to become the top economy in Asean
The National Economic Development Council (NESDC) aims to make Thailand Aseans biggest economy, suggesting four areas to increase potential.NESDC secretary-generalDanucha Pichayanan said Thailand’s competitiveness ranking by the Institute of International Institute for Management Development (IMD), Switzerland, was at 28 out of 64 countries, up one ...
The Nation Reporter
Third phase of co-payment scheme opens to another 31 million people
Registration for the third phase of the “Khon La Khrueng” (Lets Go Halves) co-payment scheme opened on Monday (June 14). The third phase covers an extra 31 million people with a government budget of THB93 billion. The first two phases of the Covid-relief scheme covered ...
The Nation Reporter
