Economy and commerce

Exports rose for the first time in six months in January, largely driven by shipments of oil and gold.The Commerce Ministry reported on Monday that customs-cleared exports rose 3.35% year-on-year in January, fetching US$19.62 billion, with imports dropping 7.86% to $ 21.18 billion, generating a ...

The Finance Ministry is preparing to offer 100 billion baht in soft loans as a lifeline to coronavirus-ravaged tourism operators as part of new relief measures that will seek the cabinet’s approval by early March.The soft loans, sponsored by the Government Savings Bank (GSB), will ...

An economist on Saturday warned that dissolving the Future Forward Party could aggravate political conflicts and take a toll on the economy.Anusorn Tamajai, the director of the Economic and Business Research Centre for Reform at Rangsit University’s Institute of Economics, on Saturday (February 22) commented ...

The Finance Ministry is set to roll out a fresh stimulus package this quarter large enough to jump-start economic growth momentum, says Finance Minister Uttama Savanayana.The prospective measures will help bolster consumer confidence, the tourism sector and business operators, he said.Keep reading ...

The Trade Policy and Strategy Office (TPSO) says e-commerce and digital content are gaining ground in China amid the coronavirus (Covid-19) outbreak.Pimchanok Vonkorpon, TPSO’s director-general, said the trends of e-commerce and digital content were gathering momentum as Chinese people tended to stay home during the ...

Thailand’s economy grew by 2.4 per cent in 2019, lower than the previous estimate of 2.6 per cent, the National Economic and Social Development Council (NESDC) said on Monday (February 17).The NESDC said gross domestic product in the fourth quarter of 2019 expanded by 1.6 ...

Thailand’s economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia’s second-largest economy this year.The trade-dependent economy has been buffeted by the ...

The novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research).“For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could ...

The US$15 billion bilateral trade target between Cambodia and Thailand set for this year will not be reached, but senior officials say they are happy so far.Trade between the two countries grew by 12% in 2019 to $9.4 billion, increasing from $5 billion in 2015, ...

The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...