Bangkok Post
Thailand faces 20 years of low growth
The World Bank expects Thailand’s potential growth to be the lowest among Asean economies over the next 20 years because of the country’s ageing demographics and a slowdown in private investment.The potential growth of Thailand’s economy is expected to be around 3% for the next ...
Bangkok Post Reporter
BoT seen cutting rates in H2, 2024
The Bank of Thailand is projected to start cutting interest rates in the second half of 2024, in line with similar moves by the US Federal Reserve, say analysts, as the domestic economy needs more support to drive growth next year.BMI, a unit of New ...
Bangkok Post Reporter
Cabinet okays B8bn package for sugarcane farmers
The mobile cabinet on Monday greenlighted incentives worth 8 billion baht for sugarcane farmers who agree to cut fresh sugarcane without burning the residue, a move aimed at helping reduce the amount of PM2.5 dust in the 2022/23 harvest year. According to Rudklao Suwankiri, the government’s ...
Bangkok Post Reporter
Call for more stimulus to help economy
Thailand needs new government measures to stimulate the economy next year, easing the impact from the delay in budget allocation for fiscal 2024, says the Federation of Thai Industries (FTI).Fiscal 2024 started on Oct 1, 2023, but the Srettha Thavisin administration has yet to finalise ...
Bangkok Post Reporter
FTA talks with EU to get reboot
Thailand is gearing up for the resumption of Free Trade Agreement (FTA) negotiations with the European Union (EU) after the talks were suspended in 2014 due to the coup. The talks should be completed in in 2025, said Commerce Minister Phumtham Wechayachai. Mr Phumtham said on ...
Bangkok Post Reporter
Poor English is holding Thais back
The month of December is usually one of reflection and planning, and this is exactly what is on the menu after the annual EF English Proficiency Index (EF EPI) released its rankings late last month. In case you’re wondering, EF EPI ranks countries (where English ...
Bangkok Post Reporter
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
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
Thailand ranked 'very low' in English proficiency index
Thailand has been ranked 8th, or “very low”, among Asean countries and 101st worldwide in the English Proficiency Index 2023 prepared by EF, a well-known English teaching institute with a worldwide network. Thailand lags not only Singapore, the Philippines and Malaysia but also VIetnam, Indonesia, Myanmar ...
Bangkok Post Reporter
Report unveils prospects for digital economy
A focus on high-value users, the environmental, social and governance (ESG) theme, digital inclusion and data infrastructure regulations will bring a sustainable digital economy to Thailand, according to Google.The fields of digital financial services (DFS), health, education, food and generative artificial intelligence (Al) are among ...
Bangkok Post Reporter