Economy and commerce

Digital transactions in Thailand are rising significantly, data from the Bank of Thailand shows. Mobile and internet payments were up 83 percent in 2018 from 2016, while fund transfers through traditional channels – branches and ATMs – sank.Keep reading ...

The economic growth forecast for this year could be revised down to 3.7-4.2 per cent from the earlier estimate of 4-4.5 per cent, the Centre for Economic and Business Forecasting under the University of Thai Chamber of Commerce said.The downward revision follows the expected power ...

Concluding the Regional Comprehensive Economic Partnership (RCEP) negotiations and fully implementing the Asean Single Window (ASW) for all 10 Asean members by the end of this year are Thailand’s two top economic priorities as Asean chair, according to a senior official from the Commerce Ministry’s ...

Thailand’s Ministry of Natural Resources and Environment will propose to the cabinet a total ban on the import of plastic waste into Thailand beginning next year.Natural Resources and Environment Minister Gen Surasak Karnjanarat said today that, as imports of plastic waste are to end next ...

The Thai Department of Foreign Trade (DFT) will host a Thai-Cambodia economic partnership event in which the governments of both countries and the private sector have been invited to trade and offer investment promotion and solutions.The event will also feature a business matching activity for ...

Both Thailand’s trade with neighboring countries and its transit trade increased slightly in January, the Foreign Trade Department said on Monday. The department said combined border and transit trade accounted for 119 billion baht, up 1.84% from the same period of last year. Keep reading ...

Thailand will apply this month to join the new trans-Pacific free trade agreement, aiming to ensure it is not left behind by its competitors in the vibrant region, according to the country’s trade negotiations chief.“Thailand is working with the documents for applying to the CPTPP,” ...

The state planning unit is keeping a close watch on rising household debt after debt defaults on personal loans increased at a faster rate. The National Economic and Social Development Council (NESDC) reported on Fridaythat household debt in the third quarter of 2018 was equal ...

The Thai currency’s appreciation is an indication of the country’s good economic performance and stability, according to Deputy Prime Minister Somkid Jatusripitak.The deputy premier reassured investors about Thailand’s economic performance during his speech at the Federation of Thai Industries’ board meeting.Keep reading ...

The Board of Investment (BoI) has approved in principle the promotion of Thailand as a bio-economy hub to increase farmer income, in line with the government’s policy to reduce income inequality and develop new S-curve industries.Keep reading ...