News
BOT urges banks to boost digital services
The Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group.She added that the central ...
The Nation Reporter
Thai auto industry must adapt quickly to EV production, govt warns
The Energy Ministry has warned that businesses in Thailand’s automotive industry must adapt quickly to the growing trend for electric vehicles (EVs).Prasert Sinsukpraser, who heads the ministry’s Department of Alternative Energy Development and Efficiency, said the Thai EV industry would grow rapidly between 2020 and ...
The Nation Reporter
Govt asks central bank to manage soaring baht to aid exports
The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...
Internet economy on trajectory to $53bn value
Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.Thailand is projected to have the ...
Komsan Tortermvasana
Prawit: Technology core to Thailand's development
Technology is at the core of Thailand’s development as the country moves forward into the era of Thailand 4.0, Deputy Prime Minister Prawit Wongsuwon said on WednesdayGen Prawit was speaking when opening ”Powering Digital Thailand 2021”, a forum jointly organised by the Bangkok Post and ...
Dumrongkiat Mala
EEC adjusting investment in line with Biden’s 'green' strategy
The Eastern Economic Corridor (EEC) Office has announced it will adjust its five-year investment plan to adapt to the changing global situation.The 2020-2024 plan for infrastructure and targeted industries will be revised in light of US president-elect Joe Biden’s strategy to promote eco-friendly businesses, said ...
The Nation Reporter
Thai economy passed lowest point, to contract less than expected
Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said.“We can say that our lowest point was in the second quarter,” Danucha Pichayanan, head of the National Economic ...
Migrant workers to be allowed to stay another two years
Migrant workers who have completed a four-year contract will be allowed to stay in Thailand for another two years to help solve the problem of labour shortage due to the Covid-19 outbreak.Labour Minister Suchart Chomklin said the Cabinet had resolved on Tuesday that workers who ...
The Nation Reporter
Thais encouraged to travel to help stimulate economy [Video]
With more public holidays coming up in November and December, the government is encouraging people to travel to different parts of the country and use the government’s spending stimulus measures.Keep watching ...
FTI supports shorter tourist quarantine
The Federation of Thai Industries (FTI) plans to support a proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days during the Centre for Economic Situation Administration’s (CESA) meeting this week.This measure would improve business activities, said Supant Mongkolsuthree, the ...
Lamonphet Apisitniran
