Economy and commerce
Thailand signs RCEP agreement but PM warns of challenges ahead
Prime Minister General Prayut Chan-o-cha participated on Sunday in the 4th Regional Comprehensive Economic Partnership Summit (RCEP), which was one of the meetings in addition to the 37th Asean Summit through teleconference.The PM said he was very pleased that the meeting could conclude the outcome ...
The Nation Reporter
RCEP could hurt small farmers
An Asia-Pacific trade deal backed by China could hurt small scale farmers, cause more land conflicts, and leave workers in poorer nations without protection as they struggle to deal with the pandemic, human rights groups said on Friday.The Regional Comprehensive Economic Partnership (RCEP) — that ...
BOT urges banks to boost digital services
The Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group.She added that the central ...
The Nation Reporter
Govt asks central bank to manage soaring baht to aid exports
The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...
Internet economy on trajectory to $53bn value
Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.Thailand is projected to have the ...
Komsan Tortermvasana
Thai economy passed lowest point, to contract less than expected
Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said.“We can say that our lowest point was in the second quarter,” Danucha Pichayanan, head of the National Economic ...
Thais encouraged to travel to help stimulate economy [Video]
With more public holidays coming up in November and December, the government is encouraging people to travel to different parts of the country and use the government’s spending stimulus measures.Keep watching ...
Seminar hears four key proposals to drive circular economy for sustainability
A seminar in Bangkok highlighted four key measures to promote a circular economy for sustainability by creating a water system to deal with drought, support agriculture to add Bt25 billion value per year, raising waste management to the national agenda and make changes in the ...
The Nation Reporter
GSP cuts by US will not significantly impact Thai exports [Video]
The Government Spokesperson has given assurance that cuts to the GSP (Generalized System of Preferences) privileges by the United States on certain Thai products will not have a significant impact on exports to the country, with response measures already in place.Keep watching ...
Thailand set to sign RCEP trade deal
Thailand will attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week.It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday.Keep reading ...
Thana Boonlert
