News
BOI revamps policy to promote digital businesses
The Thailand Board of Investment (BOI) has revealed its commitment to digitilisation by announcing a new focus on the development of Thai IT personnel and upgrading business infrastructures to meet global standards.The BOI plans to reorganise its digital-related activities under a single concept as “Development ...
Thai unemployment rate dips in Q2 but virus curbs to hit jobs
Thailand’s unemployment rate in the second quarter dipped from a 12-year high in the previous three month, but restrictions to contain the country’s biggest coronavirus outbreak are likely to impact more jobs, the state planning agency said on Wednesday.The Southeast Asian country’s latest outbreak that ...
Thailand’s private sector joins ‘Race to Zero’ ahead of global climate summit
Thailand’s business world got in training this week to cut carbon ahead of the UN’s COP 26 climate conference in November. The “Race to Zero: Meet the World’s Race to Zero Heroes for Climate Action” guided more than 400 public and private-sector organisations on practical ...
The Nation Reporter
Cabinet agrees to keep VAT at 7% for another 2 years
The Cabinet on Tuesday agreed to maintain the VAT rate at 7 per cent for another two years from October 1, 2021, to September 30, 2023. The 7 per cent rate of value-added tax will be collected on sales of goods, services, and all imports ...
The Nation Reporter
Banks never told to slash debts, says central bank
The Bank of Thailand (BOT) announced on Monday that it had not instructed commercial banks and financial institutions to slash the amount owed by debtors, but to instead restructure debts.BOT issued the statement after the Thai Bankers Association (TBA) voiced concerns over a circular issued ...
The Nation Reporter
Covid causes plunge into poverty
Almost 800,000 more people were plunged into poverty last year as a result of the Covid-19 pandemic, a study has found.The study on the social and economic impacts of the public health crisis was commissioned by the Thailand Science Research and Innovation (TSRI). It also ...
Bangkok Post Reporter
Weak baht helps Thai exports surge in July
Thai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks.The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector.The ...
Phusadee Arunmas
Ministry to propose limited resumption of dine-in service
The Public Health Ministry is seeking approval from the Centre for Covid-19 Situation Administration (CCSA) to allow restaurants to reopen to fully vaccinated diners as new infections have declined in the past few days.“The Covid-19 situation appears to be improving. Certain restrictions should therefore be ...
Bangkok Post Reporter
Energy consumption up by 2.8% in first half, but only 0.1% rise projected for full year
Thailand’s primary energy consumption rose 2.8 per cent in the first six months of 2021, the Energy Policy and Planning Office (EPPO) reported on Monday.Consumption of natural gas, lignite, hydropower and imported electricity increased as the global economy began to recover. However, oil us fell ...
The Nation Reporter
Retail sentiment slumps to lowest level in 16 months, recovery expected only in 2023
The 7th Retailer Sentiment Index (RSI) survey for 2021 slumped to 16.4 from the average of 50, the deepest drop in 16 months and below the April 2020 level of 24.3, reflecting the high rate of anxiety.The retail outlook remains bleak for the coming quarter ...
The Nation Reporter
