Economy and commerce

Thailand’s economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia’s second-largest economy this year.The trade-dependent economy has been buffeted by the ...

The novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research).“For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could ...

The US$15 billion bilateral trade target between Cambodia and Thailand set for this year will not be reached, but senior officials say they are happy so far.Trade between the two countries grew by 12% in 2019 to $9.4 billion, increasing from $5 billion in 2015, ...

The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...

Demand for household loan is expected to decline in the first quarter of this year in line with the current economic situation that has affected consumers’ spending, according to a survey on loan tendency by the Bank of Thailand (BOT),The survey was conducted among executives ...

A meagre 25 billion baht in investment budget was doled out in the first three months of fiscal 2020, as the months-delayed 3.2-trillion-baht budget bill has yet to be enforced, says a source at the Finance Ministry who requested anonymity.The disbursed budget accounted for 4.4% ...

The new President of the Thai-Chinese Chamber of Commerce, Narongsak Puttapornmongkol, is promoting a policy supporting joint investment, connecting the Belt and Road Initiative and the Eastern Economic Corridor (EEC). He has expressed confidence that Chinese investment in Thailand will grow, as the chamber is ...

The Bank of Thailand (BOT) has said it would expand the QR cross-border payment to three Asean countries — Singapore, Myanmar and Cambodia — and the service was expected to begin in the middle of this year, BOT assistant governor for payment systems policy and ...

Thailand aims to improve its ranking in “Ease of Doing Business” in 2021, Krisda Jinawijarana, director-general of Customs Department, said on Friday (February 7). He said the department was making improvements in five areas.“The Customs Department is committed to improving Thailand’s infrastructure and procedures in ...

The consumer price index representing the cost of inflation stood at 102.78 points in January, 1.05 per cent more than in December and the highest in eight months, Pimchanok Wonkorporn, director of the Trade Policy and Strategy Office, reported this week.She attributed the increase to ...