Economy and commerce

The Agriculture and Cooperatives Ministry has prepared a grass roots economic development and promotion campaign, which will be presented to the Cabinet on Tuesday for approval under the fiscal year 2021 budget.Agriculture and Cooperatives Minister Chalermchai Sri-on said on Monday (January 20) that “the campaign ...

The National Food Institute forecasts that the value of food exports this year will be US$34.9 billion (Bt1.05 trillion), up 5.4 per cent year on year, according to its president Anong Paijitprapapon.However, the value of exports will contract 0.3 per cent to Bt1.02 trillion if ...

The World Bank has warned that Thailand’s average annual economic growth will be stuck below 3% if there is no significant increase in investment and productivity growth.The recent growth slowdown suggests long-run structural constraints, with slowing investment and low productivity growth, according to the World ...

Thailand needs to rev up both public and private investment, including infrastructure development as well as the promotion of the tourism and service sectors, to boost economic growth this year, Deputy Prime Minister Somkid Jatusripitak told a business seminar on Wednesday.The central bank estimated 2019 ...

Thailand’s 2019 was a big year, dominated by the March election and its fallout as well as its chairmanship of ASEAN. But 2020 is shaping up to be even larger, with no signs of the drought affecting much of the country ending and the Mekong ...

Consumer confidence continued to decline in December, to the lowest level since May 2016, as the public fretted over the economic slowdown, mounting political instability and global uncertainty.The University of the Thai Chamber of Commerce (UTCC) on Friday reported that the consumer confidence index fell ...

As much as 99 billion baht is set to be channelled to Village Funds this year, as the government wants to beef up the local economy.The figures include 14 billion baht for projects and the 75 billion baht in debt suspension for members of the ...

The Monetary Policy Committee (MPC) of the central bank said it stands ready to use policy tools as appropriate and monitor structural problems which should be firmly addressed by all related parties.The statement was made on Tuesday (January 7) at the central bank and analysts’ ...

The Thai economy will improve only slightly if the investment and export sectors recover, or it could worsen if a new political crisis affects the investment and consumption sectors. Also, if a war develops between Iran and the United States, oil prices could spike 20 per ...

Finance Minister Uttama Savanayana is focused on expanding the national e-payment system, lifting the competitive edge of small and medium-sized enterprises (SMEs) and strengthening the grassroots economy in 2020.Expanding the national e-payment system is meant to make life more convenient for people and sharpen small ...