Bangkok Post
EIC forecasts U-shaped recovery
The Thai economy is likely set for a U-shaped recovery and a return to pre-pandemic growth levels in two years, according to the Siam Commercial Bank’s Economic Intelligence Center (EIC).GDP growth would show pre-coronavirus levels by early 2022, said Yunyong Thaicharoen, chief economist of the ...
Bangkok Post Reporter
Scheme to cut living costs gets under way Sunday
The Commerce Ministry has teamed up with manufacturers, distributors, retailers and wholesalers to organise a campaign to lower prices of goods by 4-68% to help reduce living costs for people nationwide. The two-month scheme is scheduled to begin on Sunday.Commerce Minister Jurin Laksanawisit said the ...
Phusadee Arunmas
Recovery plan must aid contract workers
The government should include 24 million informal workers in its 400 billion baht economic recovery plan for alleviating the economic impact of Covid-19, a recent seminar was told.Conducted online, the seminar on the impact of Covid-19 on informal workers was organised by Wichaya Komin, a ...
Penchan Charoensuthipan
Tourism, FDI to revive EEC property view
The Eastern Economic Corridor (EEC), the government’s flagship infrastructure project, and a tourism recovery following the pandemic will be the key factors for the property market in the three eastern provinces, according to developers.Meesak Chunharuckchot, president of the Chonburi Real Estate Association, said many foreign ...
Bangkok Post Reporter
Saving kingdom's tigers
In the wild, tigers play the role of apex predator. The biggest of the wild cats can roam almost 300 kilometres to find food and mates, and they very rarely come into contact with other tigers or people.Unfortunately, the number of wild tigers in Thailand ...
Thana Boonlert
90% cut on land, building taxes
The cabinet has approved the cut of the tax on land and buildings by 90% of the amount due for the 2020 tax year to relieve people’s burden, Prime Minister Prayut Chan-o-cha said.The cabinet approved on Tuesday a royal decree on the cut as proposed ...
Mongkol Bangprapa
Thailand returns to roots as food exports soar
Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods.The proportion of food- and agricultural-related exports to total shipments jumped to ...
Recovery stimulus coming together
The Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control.The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana.The measures call for specialised financial institutions including ...
Wichit Chantanusornsiri
Egat puts together delay plan for SPPs
State-run Electricity Generating Authority of Thailand (Egat) plans to discuss the possibility of delaying the commercial operation dates (COD) of small power producer (SPP) plants.The SPPs currently under development by private firms in Thailand have a total capacity of 8,765 megawatts and the firms have ...
Yuthana Praiwan
Private sector protests start of chlorpyrifos, paraquat ban
The Thai Chamber of Commerce will present its study on the economic cost of banning chlorpyrifos and paraquat to the prime minister, in a bid to have the ban suspended for a year.Chamber chairman Kalin Sarasin said a letter explaining the effects of Industry Ministry’s ...
The Nation Reporter