The Nation
Debt to grow as govt sets 5-year financial plan
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.The plan was approved at a meeting on Thursday at the Ministry of Finance ...
The Nation Reporter
Thailand's economy needs structural changes for long-term growth, says report
Thailand’s economy will continue to move forward with the global recovery momentum in the coming year, but it is still shaky when it comes to having a robust economy in the long term, according to an SCB Economic Intelligence Centre (EIC) report.EIC chief economist Somprawin ...
The Nation Reporter
ADB cuts Thailand’s 2023 economic growth forecast to 2.5%
The Asian Development Bank (ADB) has lowered its economic forecast for Thailand in 2023 from 3.5% growth to 2.5%, citing export contraction, reduced government spending, and lower investment from both the public and private sectors.The ADB also revised down its forecast for the Thai economy ...
The Nation Reporter
PM reaffirms Thailand's green commitment at Sustainability Forum
Prime Minister Srettha Thavisin outlined Thailand’s commitment to green energy in 2024, emphasising that sustainability was a top priority for the country.The premier said that Thailand ranks 43rd globally in the UN Sustainability Development Goals (SDG) Index, making the country No. 1 in ASEAN in ...
The Nation Reporter
Survey: Thailand’s industrial readiness lagging
Thailand’s industrial readiness score is 2.8 out of 6, according to a new survey, while the ultimate goal is to accelerate the rate to 4 or higher.The first survey report on Thailand’s Industry 4.0 readiness in 2023 has been unveiled by The Sustainable Manufacturing Centre ...
The Nation Reporter
Thailand unveils two weapons to attract foreign investment
Thailand has unveiled the focus of its four-year strategy to attract foreign direct investment to boost its faltering economy: clean energy and incentives to offset the new Global Minimum Tax.Prime Minister Srettha Thavisin has embarked on an international roadshow since coming to power in August, ...
The Nation Reporter
Deputy PM urges global action, seeks $100-bn annual climate fund commitment
Deputy Prime Minister Patcharawat Wongsuwan called on all developed nations to contribute to the yearly US$100-billion fund to combat climate change.Patcharawat made the call in his speech delivered to the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), ...
The Nation Reporter
Disabled people an untapped source of Thai economic growth, says PM Srettha
Prime Minister Srettha Thavisin vowed to build a society that leaves no group behind on Sunday, as Thailand marked the UN International Day of Persons with Disabilities.In his speech to mark the occasion, Srettha noted that only 6% of working-age disabled people were employed in ...
The Nation Reporter
Experts identify 3 obstacles to Thailand’s push for global digital competitiveness
The government must readjust its focus to facilitating and regulating digital commerce if Thailand wants to break into the global top 30 digital competitiveness ranking, according to experts and industry figures.Their comments came during a Thursday seminar marking the International Institute for Management Development (IMD)’s ...
The Nation 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
