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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 ...

Thailand remains in Tier 2 in the latest Trafficking in Persons (TIP) report issued by the United States, reflecting modest progress in its enforcement efforts but not enough to lift the country to Tier 1 as some officials had hoped. “The Government of Thailand does not ...

Thailand’s global startup ecosystem ranking has risen to 52, demonstrating the country’s efforts to build and drive its socioeconomic status through innovation, the National Innovation Agency’s (NIA) executive director, Pun-arj Chairatana, said on Friday.His remarks came as StratupBlink, the world’s most comprehensive startup ecosystem map ...

Caretaker Prime Minister Prayut Chan-o-cha wants to expand transportation infrastructure to enhance the economic development of the Southern region, government spokesperson Anucha Burapachaisri said on Sunday.This includes connecting transportation between the Gulf of Thailand and the Andaman Sea, he added.This project is intended to further ...

The five-year master plan of the Eastern Economic Corridor is currently being reviewed before gathering feedback and presenting it to the new government for consideration, EEC secretary-general Chula Sukmanop said last week.The plan for the years 2023-2027 emphasises connectivity between industries and communities, creating supply ...

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 ...

The government has created the Big Data Institute (BDI), a public agency that will handle the massive amount of data generated by the public and state agencies.The BDI, announced in the Royal Gazette on Friday, is expected to be up and running within 180 days, ...

The Thai Cabinet’s recent decision to extend employment contracts for over 200,000 migrant workers has eased concerns about a domestic labour shortage.Poj Aramwattananont, Vice Chairman of the Thai Chamber of Commerce and President of the Labour and Skill Development Committee, said based on discussions held ...

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 development of the Eastern Economic Corridor (EEC) resulted in household incomes rising by an average of 5% per year, even during the pandemic, according to a report from the Office of Strategy Management, Eastern Economic Corridor Policy Commission.The report surveyed household income in the ...