Bangkok Post

Ministry preps plans for farm production, prices

The Commerce Ministry pledges to handle agricultural production and price management, especially for cassava and palm oil, as the income guarantee scheme for these crops was not extended, awaiting the new government’s policy. Udom Srisomsong, deputy director-general of the Internal Trade Department, said the agency has ...

Bangkok Post Reporter

Tourism to limit economic pain as new government awaited

Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy. The influx of visitors — totalling 6.5 million in the first quarter of 2023 ...

Thailand eyes 3 deals by 2024

Thailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and investment. The Thai-Sri Lankan FTA is of particular interest in terms of location, ...

Phusadee Arunmas

Economists anticipate 0.25% hike

Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked.According to ttb analytics, the research centre of TMBThanachart Bank (ttb), the central bank’s Monetary Policy ...

Somruedi Banchongduang

Thailand urged to focus on wellness

Thailand’s health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, said the office studied the opportunities for Thailand’s wellness ...

Phusadee Arunmas

Jobless numbers decline, says NSO

Thailand’s labour market improved in the first quarter, with the number of unemployed people dropping to 420,000, according to the National Statistical Office (NSO).NSO director-general Piyanuch Wuttisorn said the NSO compiles labour force statistics every three months to examine employment levels among the population.In the ...

Bangkok Post Reporter

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja. First, tax reform should ramp up the country’s competitiveness and ensure sustainable economic growth.The ministry will ...

Wichit Chantanusornsiri

Private sector highlights six-pronged strategy

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) wants political parties competing in the general election to pay heed to its six-pronged strategy it believes should play a vital  role in driving the economy over the next four years. The recommendations are scheduled to ...

Lamonphet Apisitniran

Govt, EU, UN trumpet SDG cooperation

The European Union (EU), the Ministry of Interior (MOI), and the United Nations Development Programme (UNDP) have announced the launch of the “Strengthening SDG Localization in Thailand” project. SDG stands for Sustainable Development Goals. With the EU funding, the initiative aims to accelerate Thailand’s commitment to the ...

Bangkok Post Reporter

Better deal for workers

As Thailand marks Labour Day today, parties are busy campaigning for the upcoming election on May 14. Many parties are proposing policies to support workers, with a key highlight being an increase in daily minimum wages. However, questions have been raised about this proposal, as ...

Bangkok Post Reporter

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