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The Free Trade Agreement (FTA) with the Pacific Alliance (PA) has raised Thailand’s gross domestic product (GDP) by 0.04% and boosted trade by 16.75%, benefiting various Thai exports.That 0.04% increase is worth about US$200 million, according to Auramon Supthaweethum, director-general of the Department of Trade ...

China’s economic downturn is likely to impact already struggling Thai exports and the anticipated influx of foreign visitors this year, Finance Minister Arkhom Termpittayapaisith said on Tuesday.China’s economy is expanding more slowly than many agencies had predicted, Arkhom noted. He added that despite the Fiscal ...

The Department of Energy Business will urge the new government to concentrate on the management of oil and fuel, one of the five plans integrated into the National Energy Plan.According to Nantika Thangsuphanich, the department’s director general, the department is preparing to propose an Oil ...

Prime Minister General Prayut Chan-o-cha oversees progress of Eastern Economic Corridor of Innovation (EECi) A dedicated committee led by Prime Minister General Prayut Chan-o-cha embarked on a progress inspection of the Eastern Economic Corridor of Innovation (EECi). This visit, which took place on August 9, ...

With household electricity bills surging in April as the temperature topped out at 44.6° Celsius in Thailand, followed by a record high average global temperature in July, businesses and governments are factoring in climate change when designing their forecasts.The UN issued a striking warning regarding ...

The National Economic and Social Development Council (NESDC) has revised downwards Thailand’s gross domestic product (GDP) for this year to between 2.5% and 3%, following a second-quarter expansion of just 1.8%.The decrease in growth is attributed to a 5.6% decline in exports in the last ...

Thai producers adopting the Bio-Circular-Green (BCG) economic model are eyeing the international market following the success of BCG-branded products at home, and the Commerce Ministry is assisting by identifying new products and promoting them.With consumer trends prioritising environmentally-friendly and sustainable products, Thai BCG products – ...

The Revenue Department of Thailand has reported the successful collection of over 5.01 billion baht in tax revenue from foreign platforms and e-service providers. This reflects a growth of 3.2% compared to last year.The revenue was amassed over the first nine months of the current ...

The Department of Environment Quality Promotion has officially been renamed the Department of Climate Change and Environment as per a royal command by His Majesty the King. Natural Resources and Environment Minister Varawut Silpa-archa said the name change took effect yesterday, adding the new department will ...

The Board of Investment (BOI) is supporting efforts to turn Thailand into a hub for the global bioplastics industry, which is driving the green economy.Over the past five years, BOI has promoted investments of more than 37 billion baht in the bioplastics sector, spanning from ...