Inflation hits sentiment in Thai industry

The Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI).The inflation rate hike and prolonged global oil price surge, driven by ...

Lamonphet Apisitniran

Thai PTTEP to debut nation's first carbon capture project by 2026

A unit of Thai state oil and gas group PTT aims to put the country’s first carbon capture and storage project into operation by 2026, a key step toward Thailand’s goal of achieving carbon neutrality by 2050.PTT Exploration and Production intends to sequester carbon dioxide ...

NHSO to cut back on Covid test support starting July 1

The National Health Security Office (NHSO) will not cover the public costs of coronavirus tests performed by medical service centres uninsured by universal health coverage (UHC), starting July 1 when Covid-19 is declared endemic.This was agreed upon during a meeting of the NHSO board of ...

Bangkok Post Reporter

Thailand’s key policy rate to stay at 0.50 per cent

The Monetary Policy Committee (MPC) has decided to keep the policy interest rate at 0.50 per cent per year.MPC secretary Piti Disyatat said on Wednesday after the meeting that four members voted to maintain the policy rate at 0.50 per cent while three members voted ...

The Nation Reporter

BOT backs budget bill in meeting with lawmakers’ panel

The Bank of Thailand (BOT) has told a committee of lawmakers to consider the fiscal 2023 budget bill as the country’s economy is showing steady improvement and the trend was likely to continue in 2023.The BOT cited major contributions to the economic recovery from increasing ...

The Nation Reporter

New tax law could provide spark to Thailand’s global EV hub dream

A new tax law introduced today could provide the spark to realize Thailand’s global electric vehicle hub dream.The Excise Department in Bangkok revealed a law governing the reduction of the EV tax from 8% to 2% will be published tomorrow in the Royal Gazette and ...

Prayut urges steady interest rates

Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.Gen Prayut also vented his growing concern over a surge in the inflation rate after headline inflation, gauged by ...

Bangkok Post Reporter

Cabinet approves Civil Partnership Bill

The cabinet has approved the Civil Partnership Bill, which allows same-sex couples to register their partnership, and legal amendments after being vetted by the Council of State.Deputy government spokeswoman Rachada Dhnadirek said on Tuesday that the cabinet earlier endorsed the draft bill, which was sponsored ...

Bangkok Post Reporter

Shippers keep faith in 5-8% growth view

A group of Thai exporters remains bullish on the country’s prospects this year, despite slower growth in April.Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the council believes 5-8% growth for the country’s export sector is still achievable, with key drivers including ...

Bangkok Post Reporter

FTI urges maintaining diesel price subsidy

Thailand’s inflation rate is expected to stand at 4-5% throughout this year, prompting the need for the government to maintain its diesel price subsidy programme, says the Federation of Thai Industries (FTI).The estimate is based on the latest survey of 200 executives across 45 industries ...

Lamonphet Apisitniran

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