Economy and commerce

Bank of Thailand may cut rate again in 2020: economists

Economists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policymakers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero.“In the short term, we are ...

Thais cut spending at time of economic hardship: Poll

Thai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted on 1,174 people throughout the country ...

Bangkok Post Reporter

BoT boss admits baht too high

Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer “strong medicine” that can cure it.The central bank governor on Saturday expressed concern over the currency’s strengthening — ...

Darana Chudasri

PM Prayut orders economic ministers to steer economy forward

After instructing the economic ministers, who are from various political parties, to engage in conversations with each other more regularly, the Prime Minister, Gen. Prayut Chan-o-cha, reminded them to work within the government framework and to deliver policies to alleviate people’s hardships.Keep reading ...

Tarin Angskul

Over 10 firms to launch green bonds next year

More than 10 companies are poised to launch green bonds next year, suggesting that environmental, social and governance (ESG) bonds are gaining ground in Thailand.The tentative green bond issuers are both listed and non-listed companies, said Sirivipa Supantanet, deputy secretary-general of the Securities and Exchange ...

Nuntawun Polkuamdee

Somkid concerned about exports amid global unease

Deputy Prime Minister Somkid Jatusripitak’s top concerns for next year are exports and confidence amid global economic uncertainties.“We are unsure what next year will hold, so we need to strengthen ourselves,” he said.Boosting economic momentum is a key issue this year, so the government needs ...

Wichit Chantanusornsiri

Exports down 4.5% in October

Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% with a negative outlook, according to the Commerce Ministry.Pimchanok Vonkorporn, director-general of the ministry’s Trade Policy and Strategy Office, attributed the significant decline to ...

Bangkok Post Reporter

EU FTA could deliver Thai GDP boost

A free trade agreement (FTA) with the EU is likely to stimulate not only exports but imports and investment as well, helping to raise Thailand’s GDP by 1.63% a year, says a joint study by the Trade Negotiations Department and the Institute of Future Studies ...

Phusadee Arunmas

E-payment roadmap eyes cross-border as first order

The national e-payment roadmap for 2020 prioritises cross-border payments and fund transfers, aiming to boost financial transactions via the digital platform across Asean and deepening integration of the regional bloc.Under the three-year national e-payment roadmap through 2022, cross-border transactions are the focus next year. Financial ...

Somruedi Banchongduang

Thailand talent level slips

Thailand slipped one position to 43rd out of 63 economies in the World Talent Ranking 2019, while its regional peers Singapore, Indonesia and the Philippines advanced, according to a report conducted by the IMD World Competitiveness Centre (WCC).The sixth edition of the ranking takes into ...

Suchit Leesa-Nguansuk

Contact us

Contact us

Do you have questions on the content published by Open Development Thailand? We will gladly help you.

Have you found a technical problem or issue on the Open Development Thailand website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Thailand website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Thailand will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

6rvzN
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!