Govt urged to cut labour import cost

Businesses have appealed to the Labour Ministry to reduce the expenses involved in importing migrant workers and shore up labour shortages.Labour Minister Suchart Chomklin said so far labour imports via the memorandum of understandings (MoU) signed with neighbouring countries have missed their targets.Many business owners ...

Penchan Charoensuthipan

Economic recovery to continue but still fragile - BoT minutes

Thailand’s economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity than earlier COVID-19 waves, according to minutes of the Bank of Thailand’s (BoT) last policy meeting.While upside inflationary risks had ...

Deep dive into Thailand's EV perks package

The government recently approved an array of incentives, including lower excise tax and import duties on significant auto parts, in a bid to make electric vehicles (EVs) more appealing to both car buyers and manufacturers.What are the incentives for EVs?The incentives recently approved by the ...

Bangkok Post Reporter

NESDC bullish on growth prospects

The National Economic and Social Development Council (NESDC) is maintaining its 2022 forecast for economic growth at 3.5-4.5%, with the state planning unit expecting the government to successfully contain the spread of the Omicron variant without any more restrictions.Thailand’s economic growth in 2022 will also ...

Bangkok Post Reporter

BoT expects uptick in demand for lending

The Bank of Thailand (BoT) expects that the picking up trend of the Thai economy will support economic activities and loan demand this year.Loan demand for 2022 should be in line with economic activity under the economic rebound. Normally the BoT does not forecast loan ...

Bangkok Post Reporter

Recovery lures foreign fund inflows

Thailand’s bullish economic recovery is attracting high volumes of foreign fund inflows into Thai bonds and stocks, pushing the baht to a seven-month high, making it the strongest currency in Asia year-to-date.According to Kasikorn Research Center, the bond market received 127.79 billion worth of net ...

Bangkok Post Reporter

Renewed push to sort, recycle waste

Despite its reputation of being one of the world’s top tourist destinations, litter can literally be seen all over Bangkok.According to the Department of Environment and Bangkok Metropolitan Administration (BMA) figures, the capital produces more than 8,000 tonnes of municipal waste every day.Keep reading ...

Bangkok Post Reporter

Parents worry about Covid-19 vaccine side effects

Most parents are concerned about the possible side effects of Covid-19 vaccination in their young children, a survey by the Education Ministry found.The Centre for Covid-19 Situation Administration said a nationwide online survey by the Education Ministry of 26,793 parents of children aged five to ...

Bangkok Post Reporter

Thai GDP exceeds expectations with 1.9% rise in 2021 Q4

Thailand’s economy performed better than expected in the fourth quarter of 2021, expanding 1.9 per cent year on year, according to official figures on Monday.Reuters had forecast a 1.4 per cent expansion from October to December.Meanwhile gross domestic product (GDP) for the whole year rose ...

The Nation Reporter

Economic crisis could lead to House dissolution: poll

The current economic crisis could possibly lead to dissolution of the House of Representatives, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on Feb 14-17 on 1,148 people throughout the country to compile their opinions on ...

Bangkok Post Reporter

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