News
Digital Valley project continues to progress
The Thailand Digital Valley project in Chon Buri, expected to form part of the digital economy backbone, has completed the construction of the Digital Startup Knowledge Exchange Center, which is fully occupied and slated to open this year. The centre aims to host a large community ...
Bangkok Post Reporter
Thai business group keeps 2023 growth forecast at 2.5%-3%
Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate.Exports, a key driver of the Thai economy, are expected to fall between 0.5% to 2% this year, said the group, which ...
Economy may face future inflation risk - Bank of Thailand
Thailand’s economic recovery is intact but inflation risks could weigh on the country’s growth outlook, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Wednesday. There was upside inflation risk brought on by the El Nino weather pattern pushing up food prices, plus higher oil prices, ...
Bangkok Post Reporter
Sluggish spending delays tourism recovery
Despite 20 million foreign arrivals in the first nine months of the year, the tourism index has still plunged below the regular rate as operators witnessed sluggish spending due to global economic concerns and a high level of household debt, according to the Tourism Council ...
Bangkok Post Reporter
Six Mekong countries join hands in settle climate change
Six countries along the Mekong River – Cambodia, China, Laos, Myanmar, Vietnam, and Thailand – have committed to working together to tackle climate change issues, according to Surasee Kittimonthon, Secretary-General of Thailand’s Office of the National Water Resources (ONWR).Surasee said the ONWR represented Thailand at ...
Thai retirement age could be increased
The increasing elderly population in Thailand is prompting a serious discussion on raising the retirement age beyond 55 to accommodate an “aged society” and deal with an ongoing labour shortage in the country, says the Federation of Thai Industries (FTI). The Labour Ministry is interested in ...
Bangkok Post Reporter
Thailand to Tighten Tax Rules on Overseas Income to Aid Economy
Thailand will tighten loopholes in its tax rules on overseas income, as the new government seeks to lower income inequality as well as raise revenue to pay for measures to stimulate the Southeast Asian economy.The finance ministry last week issued the stricter rule on overseas ...
Govt urged to make Thailand’s low birthrate part of national agenda
Thailand’s increasingly low birthrate will soon affect the country from social, economic and healthcare aspects, the National Health Commission Office (NHCO) warned at an event on Friday.At its 4th Policy Dialogue held at the Stock Exchange of Thailand headquarters, NHCO said it was time the ...
The Nation Reporter
Traffy Fondue set for expansion and upgrade to improve digital government
Government agencies should use the Traffy Fondue platform to more efficiently solve issues for people and promote digital government, Minister of Higher Education, Science, Research and Innovation Supamas Issaraphakdi said on Friday.She made the remark during a ceremony at the ministry’s headquarters in Bangkok to ...
The Nation Reporter
Joining BRICs would lead to opportunities for Thailand
Joining the BRICs alliance would present economic opportunities for Thailand, as the alliance, comprising Brazil, Russia, India, China, and South Africa, is enjoying strong negotiating power in trade agreements, according to former finance minister Thirachai Phuvanatnaranubala.Trade with China was extensive back in the days when ...
The Nation Reporter