Economy and commerce

As much as 99 billion baht is set to be channelled to Village Funds this year, as the government wants to beef up the local economy.The figures include 14 billion baht for projects and the 75 billion baht in debt suspension for members of the ...

The Monetary Policy Committee (MPC) of the central bank said it stands ready to use policy tools as appropriate and monitor structural problems which should be firmly addressed by all related parties.The statement was made on Tuesday (January 7) at the central bank and analysts’ ...

The Thai economy will improve only slightly if the investment and export sectors recover, or it could worsen if a new political crisis affects the investment and consumption sectors. Also, if a war develops between Iran and the United States, oil prices could spike 20 per ...

Finance Minister Uttama Savanayana is focused on expanding the national e-payment system, lifting the competitive edge of small and medium-sized enterprises (SMEs) and strengthening the grassroots economy in 2020.Expanding the national e-payment system is meant to make life more convenient for people and sharpen small ...

The baht appreciated to Bt30.15 against the US dollar last week, its highest level in six years on Friday, Kasikornbank said.Kasikornbank has forecast that the baht could move in a range of Bt30-30.30 to the dollar this week (December 30 to January 3). Investors sold ...

Thailand’s internet economy this year was driven mostly by one thing: convenience.The drive to simplify life, save time and skip heavy traffic and bad air saw the lives of Bangkok residents change, driven by apps like Grab and Get for food and transport, Lazada for ...

Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions.The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers.The ...

Finance Minister Uttama Savanayana held a meeting with the chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC) on driving the Thai grass-roots economy at Ban San Thang Luang community, Mae Chan district, in Chiang Rai province.The minister also visited farmers who were the ...

Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.Keerati Rushchano, director-general of the department, said that Malaysia remained Thailand’s top trade partner among border countries ...

Exports fell for the fourth straight month in November, plunging by 7.39% year-on-year, attributed largely to lower oil and farm product prices, the world’s economic and trade slowdown, ongoing trade tensions between the US and China and baht appreciation.The Commerce Ministry reported on Monday customs-cleared ...