Economy and commerce

Thailand’s 2019 was a big year, dominated by the March election and its fallout as well as its chairmanship of ASEAN. But 2020 is shaping up to be even larger, with no signs of the drought affecting much of the country ending and the Mekong ...

Consumer confidence continued to decline in December, to the lowest level since May 2016, as the public fretted over the economic slowdown, mounting political instability and global uncertainty.The University of the Thai Chamber of Commerce (UTCC) on Friday reported that the consumer confidence index fell ...

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 ...