Economy and commerce

As Thailand prepares to wind down its year-long chairmanship of Asean, it’s time to reflect on the state of the 10-country alliance and relations with its dialogue partners. Based on what happened at the 35th Asean Summit from Nov 2-4 in Bangkok, the outlook is ...

Notoriously labelled a ceremonial “talk shop” without any tangible outcomes, the latest Asean Summit in Bangkok finally proved critics wrong as regional leaders made progress in settling a mammoth trade pact despite India’s departure.The Regional Comprehensive Economic Partnership (RCEP) is a proposed free-trade agreement between ...

US commerce secretary Wilbur Ross on Monday wrapped up his two-day visit to Bangkok by assuring his hosts that Washington was open to negotiations over its decision to suspend the duty-free status of Thai imports.After a meeting with Prime Minister Prayuth Chan-ocha, Ross told a ...

The baht on Thursday closed at Bt30.32 to the dollar in onshore trade, maintaining Wednesday’s level when the central bank cut its policy rate and issued key measures to rein in the rapid appreciation of the Thai currency.Finance Minister Uttama Savanayana said the central bank ...

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid to boost the slowing Thai economy.Fiscal Policy Office secretary, Mr. Tittanan Mallikamat, said today (Wednesday) ...

The United States has agreed to consider Thailand’s request for a review of the suspension of trade preferences for Thai exports, under the Generalized System of Preferences (GSP) program, in order to mitigate the impacts on the Thai private sector.The US move was conveyed to ...

Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy. He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).He assured that Thailand and Asean economies were not in recession but they ...

The 10 Asean member countries and six trading partners remain optimistic about making a breakthrough on the long-delayed Regional Comprehensive Economic Partnership (RCEP) deal during the 35th Asean Summit in Bangkok, Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said.Keep reading ...

The Industry Ministry forecasts investment flows in the Eastern Economic Corridor (EEC) to begin from 2020, largely into the 12 targeted industries after the government begins to develop five megaprojects in the corridor.There is some progress on the Map Ta Phut seaport, high-speed railway linking ...

Thailand plans to seek talks with the United States on a decision to end preferential trade privileges on a range of Thai exports including seafood, officials said Monday.Keerati Rushchano, acting director-general of the Commerce Ministry’s Foreign Trade Department, said his office has been warning exporters ...