Economy and commerce
FTI warns of energy impact on exports
Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio.FTI’s Renewable Energy Industry Club chairman Suvit ...
Yuthana Praiwan
Thai exports up less than expected in January
Thailand’s exports grew 0.35 per cent year-on-year to USD 19.7 billion in January, below the market estimate of 2.7 per cent, officials said Tuesday.Imports in January were USD 19.90 billion, down 5.24 per cent from the same month in 2020, contributing to a trade deficit ...
Thai economy faces 10% permanent loss if Covid recovery delayed: S&P Global Ratings
Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked only recently, according ...
The Nation Reporter
Government banking on BCG model to propel recovery
The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery.The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year strategic plan to ...
Bangkok Post Reporter
Thailand’s food exports poised for 7.1 percent growth in 2021
Thailand’s food exports are forecast to recover to 7.1 percent growth this year, fetching 1.05 trillion THB (35 billion USD), driven by growing demand in the global market.The anticipated rise in farm and food prices, especially for chicken, sugar, tapioca products and pineapples, as well ...
Thailand’s GDP contracted 6.1 per cent in 2020 due to Covid-19: NESDC
Thailand’s gross domestic products (GDP) shrank 6.1 per cent in 2020 due to widespread impact of the Covid-19 pandemic, the National Economic and Social Development Council (NESDC) said on Monday.Danucha Pichayanan, secretary-general of NESDC, said at a conference that GDP in the fourth quarter of ...
The Nation Reporter
Debt event offers relief for those hit by Covid-19
The government has rolled out a debt mediation programme for debtors having problems repaying debts in light of Covid-19.Deputy government spokeswoman Traisuree Taisaranakul said Prime Minister Prayut Chan-o-cha has instructed various agencies to help debtors by preventing them from missing repayments and suffering from its ...
Bangkok Post Reporter
Cross-border trade with Myanmar via Ranong looking up
Thai-Myanmar border trade through Ranong province in January 2021 grew by 3.94 per cent in value compared to the previous month, with Thai exports increasing by 6.12 per cent, Wanida Arunothai, chief of Ranong Provincial Commercial Office under the Ministry of Commerce, revealed.The main exports ...
The Nation Reporter
State plan to aid e-commerce
The Electronic Transactions Development Agency (ETDA) is gearing up to develop digital infrastructure, upgrade e-transaction rules, improve e-transaction system standards and promote digital knowledge among the public as part of its 2021-22 strategic plan.The draft plan was revealed when ETDA recently held an online conference ...
Komsan Tortermvasana
Online logistics business talks with Myanmar, Laos create over Bt130 million in trade value
The Department of International Trade Promotion’s (OBM) negotiations with Myanmar and Laos to help Thai logistics operators has yielded a trade value of more than Bt130 million, director-general Somdet Susomboon said on Wednesday.The two sets of OBM negotiations covered joint ventures, business cooperation, transportation and ...
The Nation Reporter
