News

The Thai workforce needs to speed up development of its digital skills, as digital technology is likely to replace human workers faster than previously forecast due to the pandemic, warns the chief of the state planning unit.Danucha Pichayanan, secretary-general of the National Economic and Social ...

Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery.According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 ...

The speed limit for roads with four lanes or more will be raised from 90 kilometres per hour to 120kph, Transport Minister Saksayam Chidchob said on Friday.He said the new speed limit should be announced in the Royal Gazette by April, after a study by ...

A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht.The draft ...

The Bank of Thailand (BoT) is pressing the government to address impact on liquidity from the COVID-19 situation in the business sector, arguing it will speed up economic recovery.Senior Director of Macro Economics at the BoT Chayawadee Chai-Anant pointed out that measures focused on triggering ...

Thailand’s manufacturing production index (MPI) in January rose by 6.03% to 101.82 from 96.03 points in December amid the new Covid-19 outbreak as officials expect better economic prospects in the months ahead following the recent delivery of vaccines.Plastic bead manufacturing, which increased by 10.8% year-on-year, ...

The damage from the second wave of the pandemic persists for the tourism industry, as an estimate suggests there will be 44% fewer domestic trips during the Buddhist festival holiday which begins on Friday, according to Tourism Authority of Thailand (TAT).TAT governor Yuthasak Supasorn said ...

Environmental activists are concerned about the impact of a proposed Mekong River dam in Laos after a Thai court refused to hear an appeal over the case.The huge Pak Beng Dam project is among 11 proposed mainstream dams that are part of Laos’ economic plan ...

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the ...

Three key economic stimulus packages — the co-payment subsidy scheme, We Win financial aid programme and the Section 33 We Love Each Other programme — are instrumental to shoring up the country’s economy, boosting the country’s economic growth by a combined 1.76 percentage points this ...