Economic policy and administration

The government is pushing ahead with the bio-economy concept to modernise agriculture with advanced technology in a move to improve the national economy.Bio-economy, which uses renewable resources and turns them into value-added products, is expected to help farmers better deal with unstable crop prices and ...

In June 2020, Thailand’s government approved new amendments to the Civil and Commercial Code (CCC) to simplify the process of setting up and conducting business in the country. It is anticipated that the proposed amendments will become law towards the end of 2020 or the ...

Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...

Thailand’s cabinet on Wednesday approved a budget of up to 100 billion baht ($3.2 billion) for projects aimed at reviving an economy hit by the coronavirus outbreak, the prime minister said.The projects will mainly support households and farmers as well as providing jobs, Prayuth Chan-ocha ...

The National Economic and Social Development Council (NESDC) has screened the first round of 213 projects worth 101.48 billion baht out of a 400 billion baht budget earmarked to help those suffering from the impact of the Covid-19 pandemic.Thosaporn Sirisumphand, secretary-general of the NESDC, said ...

This moment is a uniquely testing time for us all. The speed at which Covid-19 has spread across the world and the severity of the disruption to the global economy have been unprecedented.With the pandemic affecting every element of business, from the robustness of supply ...

The Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control.The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana.The measures call for specialised financial institutions including ...

A 400-billion-baht borrowing plan intended for economic and social rehabilitation after the pandemic to strengthen the domestic economy will be added to the cabinet’s agenda next week, with the first batch expected to be doled out later this month.Rehabilitating the farming sector is crucial to ...

The Federation of Thai Industries (FTI) has prepared a recovery plan to boost the grassroots economy and rebuild industry through a local economy scheme to cope with the coronavirus outbreak.The economic recovery plan aims to help businesses move towards high-value-added products and sustainable growth in ...

The committee supervising government expenditure will come up with guidelines on community-level economic activities within May, Deputy Prime Minister Somkid Jatusripitak said on Thursday (April 30).He explained that Bt600 billion of the Bt1-trillion loan taken by the Finance Ministry will be used for cash handouts ...