Economy and commerce

Some 30 product items have promising export prospects and need special effort from the government to increase shipments, says the Commerce Ministry’s planning unit.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said agricultural, food and industrial items are among the products, contributing a ...

The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep ...

Fresh incentives meant to spur private investment of 110 billion baht and add 0.25 percentage points to economic growth sailed through the cabinet on Tuesday.The measures include a corporate income tax deduction of 2.5 times expenditure on machinery, a one-year tax exemption for importing new ...

Cross-border trade fell by 3.4% in 2019, weighed down by the strong baht, volatile foreign exchange and the prolonged trade war.The Commerce Ministry’s Foreign Trade Department said on Tuesday that the country’s overall cross-border trade, including transit trade, amounted to 1.337 trillion baht, falling short ...

The Finance Ministry has dropped its estimate of 2019 growth in gross domestic product (GDP) from 2.8 to 2.5 per cent and its forecast for 2020 from 3.3 to 2.8 per cent.“The economy in 2019 is now estimated to have grown by 2.5 per cent ...

The government plans to introduce additional measures next month to boost consumption and tourism, its finance minister said on Tuesday, as it tries to shore up a faltering economy potentially facing a sharp blow from the coronavirus in China.Tourism, a key growth driver and previously ...

Bilateral trade between Cambodia and Thailand was worth some $9 billion last year, up 7.14 per cent from 2018’s $8.4 billion, data from the Royal Thai embassy in Phnom Penh shows.Thailand and Cambodia have maintained excellent relations, as reflected by regular high-level visits and meetings, ...

The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.The Chinese yuan weakened this week (January 20 to 24) as the coronavirus continued to spread ...

The Thai baht will continue to maintain its strength for the rest of 2020. It will remain strong, propelled by the increased surpluses in the Thai current account and the country’s trade balance.Kobsidthi Silpachai, KBank’s head of capital markets research, predicts that the Thai baht ...

Thai exports last year contracted 2.65 per cent year-on-year to US$246.244 billion, Pimchanok Vonkorpon, director-general of Trade Policy and Strategy Office, said on Wednesday (January 22).Imports last year totalled $236.639 billion, down 4.66 per cent. Exports dropped 1.28 per cent in December year-on-year to $19.154 ...