Economy and commerce
Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy
The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid to boost the slowing Thai economy.Fiscal Policy Office secretary, Mr. Tittanan Mallikamat, said today (Wednesday) ...
US agrees to consider Thailand’s request for a review of GSP cuts
The United States has agreed to consider Thailand’s request for a review of the suspension of trade preferences for Thai exports, under the Generalized System of Preferences (GSP) program, in order to mitigate the impacts on the Thai private sector.The US move was conveyed to ...
PM harps on more stimulus measures to lift economy
Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy. He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).He assured that Thailand and Asean economies were not in recession but they ...
The Nation Reporter
Bloc optimistic on RCEP deal
The 10 Asean member countries and six trading partners remain optimistic about making a breakthrough on the long-delayed Regional Comprehensive Economic Partnership (RCEP) deal during the 35th Asean Summit in Bangkok, Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said.Keep reading ...
Phusadee Arunmas
Industry Ministry upbeat on EEC investment
The Industry Ministry forecasts investment flows in the Eastern Economic Corridor (EEC) to begin from 2020, largely into the 12 targeted industries after the government begins to develop five megaprojects in the corridor.There is some progress on the Map Ta Phut seaport, high-speed railway linking ...
Lamonphet Apisitniran
Thailand Seeks US Talks After Trade Privileges Loss
Thailand plans to seek talks with the United States on a decision to end preferential trade privileges on a range of Thai exports including seafood, officials said Monday.Keerati Rushchano, acting director-general of the Commerce Ministry’s Foreign Trade Department, said his office has been warning exporters ...
Associated Press
Trump’s GSP seafood cut gives Thailand 2020 GDP an early whack
The struggling Thailand economy received an unexpected whack for the year ahead yesterday (Oct 26) when US President Donald Trump suspended $1.3 billion worth of duty-free trade for Thai items, including seafood, under the Generalized System of Preferences (GSP) programme.Keep reading ...
John Le Fevre
Thai Government claims GSP move by US unrelated to chemicals ban
Prime Minister Prayut Chan-o-cha became aware of the US plan to suspend US$D1.3 billion in trade preferences for Thailand, under the Generalized System of Preferences program, about a month ago and says the US action is not related to Thailand’s banning of paraquat, glyphosate and ...
NIDA Poll: Thais are worried that the ongoing political conflict will hurt the economy.
Despite the general election, Thais think that the political division still persists and it can threaten overall economic performance and their income, according to latest survey carried out by the National Institute of Development Administration, or NIDA Poll.The survey results showed that a majority of ...
Thailand seeks clarity on scrapping of US trade preferences
Thai government and business leaders are seeking clarification from the United States about the planned suspension of $1.3 billion (39.2 billion baht) in trade preferences, ostensibly because of failure to curb labour abuses in the fishery industry.The suspension, to take effect on April 25, will ...
Bangkok Post Reporter
