Economy and commerce

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 ...

Kasikornbank predicted the baht would move between 30 to 30.40 per US dollar next week, with several factors requiring monitoring by investors.The bank said that the political situation in Thailand, as well as export data for October to be announced in the near future, would ...

The Bank of Thailand has been studying a warehousing concept that allows commercial banks to sell commercial loans parked in funds of asset management companies at prices acceptable to both the creditor and borrower.Given the difficulties amid the Covid-19 crisis, some businesses have had to ...

The Bank of Thailand stands ready to implement additional measures to manage the strengthening baht under a targeted policy, on both a short-term and long-term basis.The central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects ...

The government is speeding up the process to enable parliament to approve its signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact, potentially the word’s biggest free trade deal, by February 2021 to pave the way for full ratification within 2021, says Commerce Minister ...