Economy and commerce

The baht appreciated to Bt30.15 against the US dollar last week, its highest level in six years on Friday, Kasikornbank said.Kasikornbank has forecast that the baht could move in a range of Bt30-30.30 to the dollar this week (December 30 to January 3). Investors sold ...

Thailand’s internet economy this year was driven mostly by one thing: convenience.The drive to simplify life, save time and skip heavy traffic and bad air saw the lives of Bangkok residents change, driven by apps like Grab and Get for food and transport, Lazada for ...

Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions.The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers.The ...

Finance Minister Uttama Savanayana held a meeting with the chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC) on driving the Thai grass-roots economy at Ban San Thang Luang community, Mae Chan district, in Chiang Rai province.The minister also visited farmers who were the ...

Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.Keerati Rushchano, director-general of the department, said that Malaysia remained Thailand’s top trade partner among border countries ...

Exports fell for the fourth straight month in November, plunging by 7.39% year-on-year, attributed largely to lower oil and farm product prices, the world’s economic and trade slowdown, ongoing trade tensions between the US and China and baht appreciation.The Commerce Ministry reported on Monday customs-cleared ...

The Kasikorn Research Centre believes that the Thai Baht is going to remain strong into 2020.KBank’s research arm forecasts the baht to move in a range of 30.10-30.50 Thai baht to the US$ for the next few quarters. But they warn a key domestic factor ...

Organizations today face many challenges related to finance and accounting and the account closing process is perhaps the most challenging of these.The current process requires high detail and is time consuming, while the reconciliation process is also tedious. Moreover, with deadlines inevitably tight at the ...

The New Economy Academy (NEA), an agency under the Commerce Ministry’s Department of International Trade Promotion (DITP), says it will use AI and Big Data to promote SMEs and analyse the demand of foreign consumers based on their behaviours, trends and cultures.NEA director Nanthaphong Jiralertphong ...

In making the announcement, the bank’s president Pisit Serewiwattana noted that the 2019 global economic and trade expansion at 10-year low rates of 3.0 per cent and 1.1 per cent respectively and the prevailing low inflation and interest rates have dampened Thailand’s international trade.Keep reading ...