Economy and commerce

Exports are expected to continue improving, following the return to growth in December, the first uptick in 10 months, supported by higher demand from trading partners and better global trade sentiment, says the Bank of Thailand.In December, the value of merchandise exports grew by 4.6% ...

Capital worth 70 billion baht circulated in the economy during the 3½ months of the co-payment subsidy scheme, says the Finance Ministry.From Oct 1, 2020 to Jan 21, 2021, the total amount spent via the e-wallet application under the co-payment scheme was 70 billion baht, ...

The Covid-19 crisis drove down Thai exports of processed, refrigerated and frozen chicken in 2020 to 945,000 tonnes worth Bt105 billion, from 950,000 tonnes worth Bt111.5 billion in 2019, said the Thai Broiler Processing Exporters Association on Friday.“The outbreak resulted in lockdowns in Japan and ...

The government’s “RaoChana” (WeWin) cash handout scheme and the first two phases of the “Khon La Khrueng” (Let’s Go Halves) co-payment scheme are expected to boost Thai GDP by 1 per cent, said Finance Minister Arkhom Termpittayapaisith.The Cabinet on Tuesday approved the new WeWin scheme ...

The Finance Ministry and the Bank of Thailand are set to discuss amending the soft loan royal decree soon in a bid to provide greater financial relief coverage for small and medium-sized enterprises (SMEs).The idea of amending this royal decree stems from the intent of ...

Thailand’s GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government’s management of the latest outbreak, says the Bank of Thailand.There are three scenarios that could cause the country’s economic growth outlook to ...

The baht opened at 30 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 29.90 and 30.05, said Krungthai market strategist Poon Panichpibool.On Thursday night, the S&P 500 and Nasdaq indexes fell by 0.4 and 0.1 ...

The government vows to rev up promotion of the bio, circular and green (BCG) economy to help drive economic growth over the next five years.The first meeting of a management committee to drive the BCG economy chaired by Prime Minister Prayut Chan-o-cha yesterday approved a ...

The Education Ministry will work with the Federation of Thai Industries (FTI) in setting up an innovation fund for small and medium enterprises (SMEs), with the aim of creating at least 1,000 start-up SMEs with revenue exceeding Bt1 billion per year within five years.Kittipong Promwong, ...

Cryptocurrencies’ total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand’s (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.Bitcoin’s euphoric rally endured as it ...