News
Thai business group keeps GDP forecast but upgrades export outlook
Thailand’s economy is still expected to contract by 7%-9% this year although exports could shrink less than previously projected as the coronavirus pandemic remains a risk, a group of the country’s top business associations said on Wednesday.The group now predicts exports will drop 8%-10%, rather ...
Migrant school closures fuel child labour in Thai seafood industry
Chit Su has been stuck at home peeling crabs with her grandmother since her school for Burmese migrants closed last year in southern Thailand. Even working together, they make less than a daily minimum wage.Ten such schools in Ranong province shut after an August 2019 ...
More people turning assets into cash due to uncertainty over Covid-19, says DPA
The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...
The Nation Reporter
Fisheries department seeks to boost bass exports to China to tackle oversupply
The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...
The Nation Reporter
Government ready to tackle biodiversity issue [Video]
The government of Thailand has signaled its intent to tackle fully the issues surrounding biodiversity at the United Nations Summit on Biodiversity.Keep watching ...
Food delivery industry to reduce plastic usage [Video]
The Ministry of Natural Resources and Environment has signed a Memorandum of Understanding (MoU) with six food delivery services, aiming to reduce the usage of plastic containers and cutlery.Keep watching ...
Tourism operators' confidence index up in third quarter [Video]
The Tourism Council of Thailand (TCT) has reported that the tourism operators’ confidence index increased from 37 points in the second quarter to 60 points in the third quarter, following the lifting of various COVID-19 restrictions.Keep watching ...
World Bank revises Thai GDP forecast for the year to 8.3 percent contraction
The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...
The Nation Reporter
More stimulus measures in store to drive spending
The government looks set to introduce fresh stimulus measures, particularly aiming to spur spending by middle- and high-income earners and boost private investment.Deputy Prime Minister Supattanapong Punmeechaow said the new measures will be based on the co-payment principle and include the features of the Taste-Shop-Spend ...
Bangkok Post Reporter
BOT expects strong economic rebound in Q2 2021 [Video]
The Bank of Thailand (BoT) has said that the country’s limited reopening for international visitors will not significantly help the Thai economy recover much this year, although positive signs are seen from increased domestic spending, with a strong recovery expected in the second quarter next ...
