Economy and commerce

Despite lower interest rates this year, bank deposits have risen sharply as investors have stayed away from investment in risk assets.Banks’ deposits as the end of May shot up by 8.76 per cent to Bt 14.63 trillion, an increase of Bt1.18 trillion from the end ...

A vice chairman of the Sa Kaeo provincial council has proposed the reopening of the Aranyaprathet border crossing to resume border trade.Thongwara Maksakhon, the vice chairman of the provincial council, said that he would like to ask relevant authorities to make it clear if or ...

Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...

The committee overseeing foreigners’ investment under the Foreign Business Act permitted 22 foreigners to invest in Thailand in June, according to the Department of Business Development’s director-general, Vuttikrai Leewiraphan.Most of them are from Japan, Singapore and China with total foreign direct investment (FDI) of Bt1.587 ...

Uncertainty is unhealthy for investments and the prime minister is being urged to exercise his leadership by spelling out whether or not the current economic team will stay put in the next reshuffle.Some economists have predicted the economy could get a lot worse before it ...

Thailand’s cabinet on Wednesday approved a budget of up to 100 billion baht ($3.2 billion) for projects aimed at reviving an economy hit by the coronavirus outbreak, the prime minister said.The projects will mainly support households and farmers as well as providing jobs, Prayuth Chan-ocha ...

The Commerce Ministry has revised its projection for 2020 inflation downwards despite an upward trend as the lockdown is lifted.Pimchanok Vonkorpon, director-general of the ministry’s Trade Policy and Strategy Office, said that while inflation fell 1.57 per cent year on year in June, it had ...

National Security Council (NSC) Secretary-General General Somsak Rungsita said on Wednesday that the Centre for Covid-19 Situation Administration is now discussing accepting foreigners, both tourists (travel bubble) and business people (business bubble).Although Thailand has started to allow entry to more foreigners, tourism under the travel ...

Thailand’s economy is expected to be severely impacted by the Covid-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the World Bank said on Tuesday.In the baseline scenario, the economy is projected ...

The number of firms registering in the Eastern Economic Corridor (EEC) from January-May this year dropped 13.35 per cent year on year to 2,731, Department of Business Development director general Vuttikrai Leewiraphan announced today.Their total registered capital was Bt6.790 billion, down 18.32 per cent year ...