Economy and commerce
Thai economy slows in March but improvement seen ahead - central bank
Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve from higher foreign tourist numbers, the central bank said on Friday.Economic activity is expected to have improved in April and exports should gradually pick ...
BoT stresses post-election policy coordination
The Bank of Thailand (BoT) says it is ready to work with the new government on coordinating fiscal and monetary policies now that most stimulus measures introduced during the Covid-19 pandemic are being wound down. Speaking at a monetary policy forum on Wednesday, assistant governor Piti ...
Bangkok Post Reporter
Banks hesitate in rush to cashless era
The banking industry’s push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs. The Bank of Thailand and local banks have been promoting digital payments in their ...
Bangkok Post Reporter
Thailand: Consumer confidence at 3-year high
Thailand’s consumer confidence rose for a 10th straight month in March, reaching a three-year high, boosted by a recovery in the crucial tourism sector and spending for the upcoming election.A survey of the University of the Thai Chamber of Commerce (UTCC) released on April 11 ...
Inflation and unemployment main worries of Thais, global survey shows
The majority of people globally, including Thailand, are worried about economic recession, rising product prices and unemployment, global market research company Ipsos said on Tuesday.The company cited its research “Ipsos Global Trend 2023” conducted among more than 48,000 people in 50 countries. About 1,000 of ...
The Nation Reporter
Thai economy to grow 3-4% this year, policy rate to ensure recovery - Finance Minister
Thailand’s economy is expected to expand 3 per cent-4 per cent this year and monetary and fiscal policies must work together to ensure economic growth and stability, the finance minister said on Wednesday.Southeast Asia’s second-largest economy continues to be supported by the vital tourism sector ...
Arkhom predicts potential growth of 4-5%
The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith. Among the factors that will determine more robust sustainable growth is increasing productivity by reskilling and upskilling workers, Mr Arkhom said yesterday at a seminar called “The NEXT Thailand’s Future”, co-hosted ...
Bangkok Post Reporter
Cyber scams: Top bankers unite to battle rise in financial crime
The central bank, commercial banks and state-run financial institutions are joining forces to fight online criminals preying on bank customers, officials and executives told a press conference on Friday.Senior officials from the Bank of Thailand (BOT), the Thai Bankers’ Association (TBA), and the Government Financial ...
The Nation Reporter
Central bank turns to biometrics to battle online scams
The Bank of Thailand has joined the fight against online crimes by instructing financial institutions to step up their preventive measures, including a requirement for biometric verification for mobile banking transactions, its governor, Sethaput Suthiwartnarueput, said on Thursday.Bank customers who want to transfer more than ...
The Nation Reporter
Local project aims to raise community income in Thailand
Thailand’s Commerce Ministry has launched the Local project to increase income for low-income earners by identifying and supporting local products in three categories: bio-, circular and green (BCG), innovation and identity.The initiative aims to serve consumers’ shifting concerns about the environment and health, while increasing ...
