Economy and commerce
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
Increase in internet users boosts online shopping business
The number of Thais accessing the internet has increased by 13.7 million people in 5 years, reaching a total of 61.2 million users, according to data released by Krungthai BankThe use of social media has surged to 52.3 million people, with Facebook and Line dominating ...
The Nation Reporter
Digital platform law spelled out
A royal decree meant to regulate digital platforms will take effect on Aug 21, intended to transparently govern operators and promote consumer protection, says Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was published in the Royal Gazette on Dec 23, 2022.Once ...
Bangkok Post Reporter
Economy strong despite weak exports, baht supportive - Finance Minister
Thailand’s economy remains strong, despite weaker shipments, though the weaker baht currency will be supportive of exports this year, Finance Minister Arkhom Termpittayapaisith said on Friday. The weaker baht compared with last year could for the full year 2023 help exports to either grow, or fall ...
Bank of Thailand raises growth forecasts following tourism boom
The Thai economy is likely to expand 3.6% this year and 3.8% next year due to stronger-than-expected growth in the tourist industry, according to the Bank of Thailand (BOT).It said the number of foreign tourists could hit 29 million this year and 35.5 million next ...
The Nation Reporter
Interest rates forecast to continue rising
Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s ...
Bangkok Post Reporter
Asean is fast-tracking digital transformation and more FTAs, officials say
Asean will focus on increasing the use of digital technology to expand trade and enhance economic cooperation among its 10 member states, according to a recent meeting of senior economic officials who oversee the bloc’s economic agenda for this year.Asean will also continue trade talks ...
The Nation Reporter
April export value falls 7.6%
The dollar value of Thai exports fell for a seventh straight month in April, down 7.6% from a year earlier, the Ministry of Commerce said on Tuesday, as global demand remained slow. The decline was far more than the 2% fall forecast in a Reuters ...
Bangkok Post Reporter
Thai economy must accelerate decarbonisation as global restrictions rise: NESDB
The National Economic and Social Development Council (NESDB) has issued a warning that Thailand must take more decisive actions to turn its carbon reduction plans into reality.The country is facing mounting regulatory pressure from export markets and foreign investors, necessitating a proactive response. While much ...
The Nation Reporter
