Foreign Ministry urges envoys to become proactive in driving Thai economy

The Foreign Ministry launched a weeklong summit with Thai ambassadors, consuls general and trade representatives to give them instructions on working proactively to expand the country’s economy.The forum, which wraps up on Friday, was opened by Foreign Minister Parnpree Bahiddha-Nukara on Monday at the JW ...

The Nation Reporter

Import technology and talent, improve education: Thai businesses

The Thai Chamber of Commerce has urged the government to reform the country and its economy, import technology, attract foreign skilled labour, improve education and boost the birth rate. The results of a survey of nationwide members of the Thai Chamber of Commerce were compiled in ...

Bangkok Post Reporter

Economic experts urge govt to improve its communication strategy to build confidence

Over the past two to three months, the government’s focal point has been the digital wallet project, marked by the establishment of a task force and frequent updates.However, this heightened communication has drawn criticism from scholars who question the government’s communication strategies.Burin Adulwattana, managing director ...

The Nation Reporter

Details of digital wallet payment to be clarified next week

Clarification of the details concerning the 10,000 baht digital handout will be announced in the coming week in line with Prime Minister Srettha Thavisin’s promise that the scheme would be finalised by November 10.Sources from the government revealed that a committee meeting on the project, ...

The Nation 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

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 ...

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

New government focused on boosting tourism to stimulate economy: Srettha

Prime Minister Srettha Thavisin flew to the island province of Phuket on Friday to highlight its significance as a major money-maker for Thailand’s tourism industry.It was his first provincial trip as the leader of Thailand’s new government in the making.“The Pheu Thai Party sees tourism ...

The Nation Reporter

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