Economy and commerce

Thailand’s economy will grow 4 percent in 2021,  more than 1 percentage point lower than Southeast Asia’s average, according to the Asian Development Bank (ADB).In its latest forecast, ABD downgraded the ASEAN region’s outlook for 2021, with Southeast Asia now expected to grow 5.2 percent ...

Thailand’s gross domestic product could underperform next year if tourism remains weak, even as this year’s economic performance may beat sharply reduced forecasts, the country’s central bank head said Friday.All reasonable policy options are on the table in such a situation, although there’s currently no ...

Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending.The call is being made as the economy has not fully recovered in the wake of the ...

Thailand’s private sector is confident the global economic outlook will improve next year, said Kalin Sarasin, chairman of the Thai Chamber of Commerce.However, he said the Thai export sector is facing rising shipment costs and a shortage of both containers and labour.Keep reading ...

Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, ...

The government will accelerate investment next year in the areas of digital, wellness and the green economy, Finance Minister Arkom Termpittayapaisith says.Speaking at the Bangkok Post International Forum 2020 “Beyond the Pandemic: A Decade of Challenges from 2021” at Centara Grand at CentralWorld, Mr Arkom ...

The Permanent Secretary for Finance has stated that the Thai economy next year is expected to grow by 3.5-4.5 percent, adding that his ministry will soon unveil more economic stimulus measures as New Year gifts for people.Keep watching ...

The economy is expected to grow 4% in 2021 after a slump this year and fiscal policy will support a tourism-reliant economy struggling from the impacts of the coronavirus pandemic, the finance minister said on Monday.The economy shrank a less than expected 6.4% in the ...

The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas ...

The government has set a target to disburse at least 70% of the 400-billion-baht budget scheduled for social and economic rehabilitation in fiscal 2021.Danucha Pichayanan, secretary-general to the National Economic and Social Development Council (NESDC), said by the end of September next year (the final ...