News
Education Ministry urged to reconsider budget for small schools
The network of small schools nationwide has proposed to the Ministry of Education to revise the budget allocation formula to improve quality and reduce disparities within one fiscal year.Meanwhile, the Ministry of Education has collected information on issues and solutions in collaboration with ActionAid, emphasising ...
The Nation Reporter
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
Tourism, real estate among 5 industries that grew the most in 2023
Five industries experienced significant growth this year, while three others were suffering huge contraction, the Ministry of Commerce’s Department of Business Development said on Friday.Department director-general Oramon Sapthaweetham said that the five industries that saw the biggest expansion in the past year were:▪︎ Tourism (growing ...
The Nation Reporter
Thai economic recovery faltered as growth declined
Thai economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in the third quarter of 2023, well below expectations according to the latest World Bank’s semi-annual Thailand Economic Monitor.Growth in 2023 was dampened by a contraction in goods exports as ...
The Nation Reporter
Debt to grow as govt sets 5-year financial plan
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.The plan was approved at a meeting on Thursday at the Ministry of Finance ...
The Nation Reporter
Thailand's economy needs structural changes for long-term growth, says report
Thailand’s economy will continue to move forward with the global recovery momentum in the coming year, but it is still shaky when it comes to having a robust economy in the long term, according to an SCB Economic Intelligence Centre (EIC) report.EIC chief economist Somprawin ...
The Nation Reporter
ADB cuts Thailand’s 2023 economic growth forecast to 2.5%
The Asian Development Bank (ADB) has lowered its economic forecast for Thailand in 2023 from 3.5% growth to 2.5%, citing export contraction, reduced government spending, and lower investment from both the public and private sectors.The ADB also revised down its forecast for the Thai economy ...
The Nation Reporter
Court Dismisses Libel Case in Pet Food Controversy against Noted Marine Scientist, Petch Manopawitr
The Criminal Court yesterday ruled in favour of the marine scientist after hearing testimonies from him and his plaintiff, a pet food trading company, saying his remarks were made in good faith and he had no intention to defame the plaintiff, according to the lawyer ...
PM reaffirms Thailand's green commitment at Sustainability Forum
Prime Minister Srettha Thavisin outlined Thailand’s commitment to green energy in 2024, emphasising that sustainability was a top priority for the country.The premier said that Thailand ranks 43rd globally in the UN Sustainability Development Goals (SDG) Index, making the country No. 1 in ASEAN in ...
The Nation Reporter
Survey: Thailand’s industrial readiness lagging
Thailand’s industrial readiness score is 2.8 out of 6, according to a new survey, while the ultimate goal is to accelerate the rate to 4 or higher.The first survey report on Thailand’s Industry 4.0 readiness in 2023 has been unveiled by The Sustainable Manufacturing Centre ...
The Nation Reporter
