The Nation
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
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
Thailand unveils two weapons to attract foreign investment
Thailand has unveiled the focus of its four-year strategy to attract foreign direct investment to boost its faltering economy: clean energy and incentives to offset the new Global Minimum Tax.Prime Minister Srettha Thavisin has embarked on an international roadshow since coming to power in August, ...
The Nation Reporter
Deputy PM urges global action, seeks $100-bn annual climate fund commitment
Deputy Prime Minister Patcharawat Wongsuwan called on all developed nations to contribute to the yearly US$100-billion fund to combat climate change.Patcharawat made the call in his speech delivered to the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), ...
The Nation Reporter
Disabled people an untapped source of Thai economic growth, says PM Srettha
Prime Minister Srettha Thavisin vowed to build a society that leaves no group behind on Sunday, as Thailand marked the UN International Day of Persons with Disabilities.In his speech to mark the occasion, Srettha noted that only 6% of working-age disabled people were employed in ...
The Nation Reporter
