News
'Society 5.0' needs upskilling: forum
The government should invest more in developing human resources to prepare for the coming of Society 5.0, in which innovative technology and artificial intelligence (Al) will play a key role in driving the global economy, according to the chairman of Global Compact Network Thailand (GCNT).Speaking ...
Bangkok Post Reporter
Thailand steps up smart city development
Thailand is accelerating the development of smart cities, aiming to enhance the country’s digital capabilities and the quality of life for urban communities towards a sustainable future, said Thai Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai.In his opening remarks at the Thailand Smart ...
International financial analysts expect Thailand’s policy rate to be cut next year
Two international analysts have said they expect the Bank of Thailand to cut its policy interest rate next year due to a drop in the country’s inflation rate.In a statement issued on Tuesday, Standard Chartered Bank said it expected the central bank to maintain its ...
The Nation Reporter
Thai economic growth slows in the third quarter
Thailand’s gross domestic product (GDP) expanded 1.5% in the third quarter from a year earlier, the National Economic and Social Development Council (NESDC) said on November 20.This figure is lower than the 2.4% growth that economists predicted in a Reuters poll previously released and the ...
Thailand’s exports expected to contract this year, says shippers' council
The Thai National Shippers’ Council has predicted that Thailand’s exports this year would contract 1.5% year on year.Council chief Chaicharn Charoensuk said although Thailand’s exports had started to see a brighter trend, its growth would remain negative because of the contraction earlier in the year.He ...
The Nation Reporter
LGBTQ couples in Thailand to soon have equal legal rights in marriage
The Cabinet on Tuesday endorsed a bill amending the Civil and Commercial Code, so same-sex couples can marry and have the same legal protections and privileges as straight couples.Deputy government spokesman Karom Polpornklang said the amendment bill proposed by the Justice Ministry seeks to allow ...
The Nation Reporter
Thai PM 'very worried' about weak Q3 growth, plans more stimulus
Thai Prime Minister Srettha Thavisin said on Monday (Nov 20) he was “very worried” about much slower-than-expected growth in the third quarter, with the economy burdened by declining exports and government spending.Gross domestic product (GDP) expanded 1.5 per cent in the July-September quarter from a ...
Thailand offers 50% tax cut to boost smart cities
The Digital Economy and Society Ministry on Monday incentivised smart city development by offering a 50% cut in corporate tax for three years.DES Minister Prasert Chanthararuangthong announced the move during a seminar titled “Thailand Smart City 2024” at the Grand Hyatt Erawan Hotel in Bangkok. ...
The Nation Reporter
Foreign Ministry urges envoys to become proactive in driving Thai economy
The Foreign Ministry launched a weeklong summit with Thai ambassadors, consuls general and trade representatives to give them instructions on working proactively to expand the country’s economy.The forum, which wraps up on Friday, was opened by Foreign Minister Parnpree Bahiddha-Nukara on Monday at the JW ...
The Nation Reporter
Thai banks' bad loans slow to 2.73% of lending at December-end -c.bank
Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.The banking system remained strong with high levels of capital, loan-loss provisions ...
