News
Private sector urged to embrace circular economy
The private sector is being encouraged to adopt circular economy principles for business operations to reduce costs, increase efficiency and generate income from innovative business models.Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, said the circular economy concept was introduced in response to ...
Bangkok Post Reporter
Thailand’s Songkran to be celebrated for entire April in 2024 under govt’s soft power plan
A Thai government committee plans to hold Songkran Festival celebrations during the entire month of April 2024, instead of the traditional three days, in a bid to entrench Thailand’s standing among the top 10 global destinations for festivals.Songkran, the Thai traditional new year, falls on ...
Production index dips 4.3% in October
Thailand’s Manufacturing Production Index (MPI) decreased by 4.29% year-on-year in October to 89.4 points as people become more careful spending amid sluggish Thai and global economies.The Thai economy has not fully recovered and interest rates remain high, said Siripen Kiatfuengfoo, deputy director-general of the Office ...
Bangkok Post Reporter
BOT retains policy interest rate at 2.5% to facilitate economic recovery
The Bank of Thailand (BOT)’s Monetary Policy Committee (MPC) on Wednesday voted unanimously to retain the policy interest rate at 2.5% per annum.The overall Thai economy continues to see the recovery trend persist, although the export and production sectors are slowing down, according to Piti ...
The Nation Reporter
World Bank report offers Thailand a primer on tackling inequality, poverty
Improvement in worker skills and increasing female participation in the labour force are some of the key recommendation for Thailand in the latest World Bank report released on Wednesday.The report, titled “Bridging the Gap: Inequality and Jobs in Thailand”, aims to provide a movement landscape ...
The Nation Reporter
Thailand rises five places in global digital competitiveness rankings
Thailand has moved up five places from the previous year to 35th in the World Digital Competitiveness Ranking 2023 published recently by the International Institute for Management Development (IMD).The Swiss-based institute ranked 64 countries and economic zones globally based on three indicators: knowledge, technology and ...
The Nation Reporter
Price of electricity from January-April to rise
The Energy Regulatory Commission of Thailand has set new electricity charges, ranging from 4.68 baht to 5.95 baht/unit from January until April, 2024.The price from September until December this year has been 3.99 baht/unit.At its meeting today, the commission approved an 89.55 satang/unit Fuel Tariff ...
Thailand on target to meet 25 million visitors in 2023: TAT
An impressive 24,081,613 foreign tourists entered Thailand between January 1 and November 25 this year, the Tourism Authority of Thailand (TAT) announced on Tuesday, adding foreign arrivals in November alone amounted to 100,059 people.The authority is confident that total foreign arrivals this year will exceed ...
The Nation Reporter
FTI seeks urgent action as domestic industries suffer from cheap imports
Many domestic industrial groups were struggling to survive as cheaper, substandard imported goods were flooding the market, the Federation of Thai Industries (FTI) said.These imported goods were often falsely labelled, fake and/or substandard, and clandestinely brought in and sold at prices 10-20% cheaper than the ...
The Nation Reporter
Thai business loves carbon credits, but are they harming the climate and grassroots people?
While carbon credits are hailed in some quarters as a solution for the climate crisis, environmentalists warn they could send the planet spiralling into an even worse disaster.The carbon credit system is a method by which businesses and organizations can buy credits for carbon-reducing projects ...
