Economy and commerce

Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, ...

The Eastern Economic Corridor (EEC) has expected investment to triple to 300 billion baht this year as investment projects previously held by the coronavirus outbreak get pushed forward again.EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion ...

The next national economic and social development plan should aim to provide Thailand a high value-added economy, according to the state planning unit.Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the NESDC board on Feb 15 approved a development framework ...

The Marine Department has implemented more relaxed regulations for cargo vessels calling at seaports, to help mitigate the shortage of shipping containers, ensuring capacity for an expected post-COVID-19 trade growth.Keep watching ...

Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery.According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 ...

A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht.The draft ...

The Bank of Thailand (BoT) is pressing the government to address impact on liquidity from the COVID-19 situation in the business sector, arguing it will speed up economic recovery.Senior Director of Macro Economics at the BoT Chayawadee Chai-Anant pointed out that measures focused on triggering ...

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the ...

Three key economic stimulus packages — the co-payment subsidy scheme, We Win financial aid programme and the Section 33 We Love Each Other programme — are instrumental to shoring up the country’s economy, boosting the country’s economic growth by a combined 1.76 percentage points this ...

Thailand’s economy slowed in January from the previous month as the recent coronavirus outbreak hit domestic activity but the start of the country’s vaccination drive should spur confidence and tourism, the finance ministry said on Wednesday.The country has received its first vaccines against Covid-19, with ...