Economy and commerce
BOI to support Thailand’s efforts to become a bioplastics hub
The Board of Investment (BOI) is supporting efforts to turn Thailand into a hub for the global bioplastics industry, which is driving the green economy.Over the past five years, BOI has promoted investments of more than 37 billion baht in the bioplastics sector, spanning from ...
The Nation Reporter
Thai consumer confidence index falls in July for the first time in 14 months
The delay in government formation, the rising cost of living and conditions of recession in the global economy have resulted in Thailand’s Consumer Confidence Index (CCI) in July dropping for the first time in 14 months.The CCI in July fell to 55.6, from 56.7 in ...
The Nation Reporter
Banks urged to act fast on scam claims
Banks must stop illegal transactions upon request by their clients to prevent customer losses from online scams, said Minister of Digital Economy and Society (DES) Chaiwut Thanakamanusorn. The Royal Decree on Cyber Crime Prevention and Suppression that came into effect on March 17 empowers banks to ...
The Nation Reporter
BOI to propose ‘Thailand’s Next Step’ plan to new government
The Board of Investment of Thailand (BOI) is preparing a plan to propose to the new government that aims to attract investors by focusing on creating an ecosystem and enhancing ease of doing business in five target industries.The plan, dubbed “Thailand’s Next Step” will prioritise ...
The Nation Reporter
BOT reduces GDP growth estimate slightly in view of export slump
The Bank of Thailand (BOT) is reducing its estimation of GDP growth to 3.5% from 3.6% due to the country’s stagnant export sector and global economic slowdown.BOT governor Sethaput Suthiwartnarueput was speaking about Thailand’s economic trends on Monday at the bank’s annual seminar titled “Next ...
The Nation Reporter
Credit card spending up 20% in second quarter
Credit card spending in Thailand during the second quarter of this year increased by more than 20% and is expected to continue throughout the year, with an increase of no less than 20% for the whole of 2023.According to Thakorn Piyapan, President of TMBThanachart Bank, ...
The Nation Reporter
Govt eyes economic boost from health and wellness tourism
The government is promoting health tourism and related products and services in a new campaign to get overseas visitors to spend at least 18 million baht by this September. The “Discover the New You!” campaign is backed by the Tourism Authority of Thailand (TAT) and more ...
Bangkok Post Reporter
Thailand's household debt swells amid policy stagnation concerns
It has been nearly two months since Thai voters crowned a newish, pro-democratic Move Forward Party the winner in the May 14 general election. While Thailand awaits the formation of a new government, its long-standing headache of excessive household debt continues to worsen, making the ...
Thai economy to remain sluggish, research body says
According to Kiatnakin Phatra Financial Group’s KKP Research group, the Thai economy will remain sluggish for the foreseeable future despite the recovery of the tourism sector,Most securities research firms had earlier expressed the belief that the Thai economy would recover based on the following three ...
The Nation Reporter
Banks wary of BOT's proposed debt relief criteria
The Bank of Thailand (BOT) is poised to issue three guidelines to reduce household debt – which rose to 16 trillion baht or 90.6% of GDP in the first quarter, from 86.3% last year.The central bank said it will propose guidelines on responsible lending, risk-based ...
The Nation Reporter
