Economy and commerce
RCEP going to parliament, instant enforcement likely
The Commerce Ministry is scheduled to propose to parliament on Tuesday the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, signed by 15 nations in Asia-Pacific including Thailand last November.Sansern Samalapa, commerce vice-minister, said the ministry expects ...
Phusadee Arunmas
CPI sinks for 11th month in January
The consumer price index (CPI), a gauge of headline inflation, fell 0.34% year-on-year last month, marking the 11th straight monthly decline since March 2020.According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office, major contributions came from low energy prices (down 4.82%) from ...
Phusadee Arunmas
Handout eligibility reassessed
The Finance Ministry is preparing to reconsider the eligibility criteria for receiving financial aid under the Rao Chana (We Win) scheme, which stipulates recipients should have a taxable income of no more than 300,000 baht per year.Approved in January, the We Win scheme aims to ...
Wichit Chantanusornsiri
New discount scheme to ease hardships
The Commerce Ministry has teamed up with 11 digital platforms to roll out new discount campaigns, running until Feb 28, to relieve economic hardship amid the pandemic.According to Commerce Minister Jurin Laksanawisit, more than 100,000 shops are participating in the new campaign, with 1 million ...
Phusadee Arunmas
Commerce Ministry commits to container solutions
The Commerce Ministry has pledged to speed up tackling the container shortage and open more border checkpoints to increase trade, aiming to reach the ministry’s goal of export growth of 4% this year.Speaking after the year’s first meeting of Joint Public and Private Sector Consultative ...
Phusadee Arunmas
Economy will grow 1.5-3.5% this year: JSCCID
The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.In addition, exports are likely to grow by 3-5 per cent, while inflation is hoped to be at most 1 per cent.The ...
The Nation Reporter
Consumer mood hits 9-month low
Consumer confidence dropped for a second straight month in January, hitting a nine-month low, the University of the Thai Chamber of Commerce reported on Thursday.The UTTC consumer index fell to 47.8 in January from 50.1 in December.The report attributed the drop to concerns about the ...
Five trends and actions to lead Thai companies post-COVID-19
Thailand’s economy, hit hard by the pandemic, is predicted by the World Bank to take approximately two years to recover. Living through periods of great uncertainty and rapid change is unnerving for us. But, around the world, leading companies are using pandemic-driven changes to position ...
Bangkok Post Reporter
Thai - Myanmar border trade remains unchanged amid the military takeover [Video]
The Ministry of Commerce is monitoring the situation in Myanmar to assess the situation and prepare to deal with any impact on exports and trade between Thailand and Myanmar.Keep watching ...
Bank of Thailand Holds Key Rate, Lets Fiscal Policy Take Lead
The Bank of Thailand held its benchmark interest rate steady at an all-time low as fiscal measures take the lead in reviving the economy amid a renewed outbreak of Covid-19.The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting ...
