Economy and commerce

The Bank of Thailand (BoT) is pressing the government to address impact on liquidity from the COVID-19 situation in the business sector, arguing it will speed up economic recovery.Senior Director of Macro Economics at the BoT Chayawadee Chai-Anant pointed out that measures focused on triggering ...

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the ...

Three key economic stimulus packages — the co-payment subsidy scheme, We Win financial aid programme and the Section 33 We Love Each Other programme — are instrumental to shoring up the country’s economy, boosting the country’s economic growth by a combined 1.76 percentage points this ...

Thailand’s economy slowed in January from the previous month as the recent coronavirus outbreak hit domestic activity but the start of the country’s vaccination drive should spur confidence and tourism, the finance ministry said on Wednesday.The country has received its first vaccines against Covid-19, with ...

Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio.FTI’s Renewable Energy Industry Club chairman Suvit ...

Thailand’s exports grew 0.35 per cent year-on-year to USD 19.7 billion in January, below the market estimate of 2.7 per cent, officials said Tuesday.Imports in January were USD 19.90 billion, down 5.24 per cent from the same month in 2020, contributing to a trade deficit ...

Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked only recently, according ...

The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery.The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year strategic plan to ...

Thailand’s food exports are forecast to recover to 7.1 percent growth this year, fetching 1.05 trillion THB (35 billion USD), driven by growing demand in the global market.The anticipated rise in farm and food prices, especially for chicken, sugar, tapioca products and pineapples, as well ...

Thailand’s gross domestic products (GDP) shrank 6.1 per cent in 2020 due to widespread impact of the Covid-19 pandemic, the National Economic and Social Development Council (NESDC) said on Monday.Danucha Pichayanan, secretary-general of NESDC, said at a conference that GDP in the fourth quarter of ...