News
Thai business group sticks by GDP outlook despite inflation risk
Thailand’s economy is still expected to grow 2.75 per cent to 3.5 per cent this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday (Aug 3).Exports are expected to increase 6 ...
Banks expected to delay rate hike
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand’s anticipated gradual policy rate hike.Under the policy rate hike trend in the second half of this year, banks ...
Bangkok Post Reporter
IoT tech to collect real-time weather data
The Meteorological Department is gearing up to adopt Internet of Things (IoT) devices to collect weather-related data which can be reported in real time, and work with the telecom regulator to send weather warnings to people via SMS messages.The agency, under the Digital Economy and ...
Bangkok Post Reporter
Thailand's economy to improve further on consumption, tourism
Thailand’s economy improved in June and the momentum is expected to continue into the second half of 2022 thanks to increased tourism and domestic consumption as pandemic curbs eased.The Bank of Thailand (BoT)’s Senior Director Chayawadee Chai-Anant said the tourism sector will play an important ...
Budget of THB1.2bn approved for training to boost household income
The Cabinet on Tuesday approved a budget of 1.249 billion baht to train people in part-time occupations to help them through economic hardship.The budget will fund three-month courses to equip people with skills such as hairdressing, packaging design, auto repair, air conditioner repair, sewing, and ...
The Nation Reporter
Global issues and inflation put a damper on Thai economic recovery
The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short ...
The Nation Reporter
Global economy to hit Thai tourism
The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.TAT governor Yuthasak Supasorn said the ...
Bangkok Post Reporter
Jabs 'saved half a million people'
A research team from Mahidol University has estimated that the government’s Covid-19 vaccination campaign over the past two years prevented nearly 490,000 deaths.The team based their work on a mathematic modelling carried out by the MRC Centre for Global Infectious Disease Analysis in 185 countries ...
Apinya Wipatayotin
Thailand’s rich freshwater biodiversity under threat
The Thai government has taken efforts to tackle climate change by building a large number of water retention projects. But they could threaten the country’s freshwater biodiversity unless new sustainable solutions are taken into consideration.In a remote forest in Thailand’s western Ratchaburi province, a team ...
Pratch Rujivanarom
Collaboration for the climate
A commitment to cooperation between countries in Southeast Asia remains the key to tackling climate change as its impact continues to take a greater toll on the region’s economy and people, say experts.The mutually beneficial results of such a commitment are clear, one of them ...
Bangkok Post Reporter
