Economy and commerce

Shouldering the burden

With no end in sight to the economic downturn caused by the Covid-19 pandemic, the government aims to put much of its aid effort towards fiscal stimulus to prop up the economy, though there are unfavourable consequences to this move.The newly formed Center for Economic ...

Bangkok Post Reporter

Political conflict, submarines top people's worries: Poll

The biggest causes of worry for the general population are ongoing political conflicts and the planned purchase of two submarines, according to an opinion survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on Aug 25-28 on 1,727 people throughout ...

Bangkok Post Reporter

Central bank issues debt relief measure to slash Thais’ interest burden

The Bank of Thailand on Thursday issued a new debt relief measure aimed at reducing Thais’ interest rate burden from 16-25 per cent to 5.5-8.8 per cent.The debt consolidation measure will allow borrowers to bundle their credit card, personal and mortgage loans into one sum, ...

The Nation Reporter

Finance minister: Economic fundamentals still solid amid pandemic

Thailand’s economic fundamentals and fiscal position remain strong in the face of the pandemic-induced recession and the “worst is behind us”, new Finance Minister Predee Daochai said on Wednesday.Southeast Asia’s second-largest economy shrank 12.2% in the second quarter from a year earlier, the sharpest drop ...

Commerce Ministry eyes Asian top-five trade ranking

The Commerce Ministry has set a goal to raise Thailand’s international trade value to Asia’s top five by 2027, up from eighth in 2019, by focusing on value-added industries such as digital, food and healthcare.To achieve the goal, Thailand would need to fetch at least ...

Phusadee Arunmas

Exports drop, but show signs of recovery

Exports were again in negative territory last month but the figures still bolstered confidence at the Commerce Ministry that the worst of the slump might be over.The ministry reported on Monday that exports in July contracted 11.37% year-on-year to US$18.8 billion as the coronavirus pandemic ...

Bangkok Post Reporter

SSO joins banks in providing low-interest loans to small businesses

The Social Security Office (SSO) is cooperating with financial institutions to earmark Bt30 billion to provide low-interest loans to small businesses so they can continue employing their workforce, Labour Minister Suchart Chomklin said on Tuesday (August 18).He explained that the government prioritised economic recovery under ...

The Nation Reporter

NESDC slashes forecast

The government’s planning unit on Monday downgraded the economic outlook for the whole year to a 7.3%-7.8% contraction from an earlier forecast of 5%-6%, after it reported the economy contracted the most in 22 years in the second quarter.The National Economic and Social Development Council ...

Bangkok Post Reporter

Cross-border trade drops by over 9% in first half

Thailand’s cross-border trade fell by 9.18% year-on-year in the first half, attributed to lockdown measures and the slowing economies of neighbouring countries.The Foreign Trade Department reported overall cross-border trade, including transit trade, totalled 627 billion baht for January to June, with Malaysia the biggest partner ...

Phusadee Arunmas

Trade department to push for RCEP signing in October

The Department of Trade Negotiations will urge the Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) pact, the department’s director general Auramon Supthaweethum said.She added that the vetting of all 20 chapters of the accord had been completed and that it ...

The Nation Reporter

Contact us

Contact us

Do you have questions on the content published by Open Development Thailand? We will gladly help you.

Have you found a technical problem or issue on the Open Development Thailand website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Thailand website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Thailand will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

3LmbA
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!