Economy and commerce
State upbeat on cross-border trade
The government expects cross-border trade prospects to fare better than an earlier forecast thanks to buyers’ confidence in the quality of Thai products and the economic recovery of neighbouring countries.The bullish forecast also stems from efforts by the ministry to address traffic congestion at border ...
Phusadee Arunmas
Finance ministry cuts 2021 GDP outlook
The Finance Ministry on Thursday cut its 2021 economic growth forecast to 1.0% from a previously projected 1.3% expansion, the fourth such revision this year, as the country struggles to recover from the pandemic.Thailand suffered a 6.1% economic slump last year, after the collapse of ...
Economy to grow more than 1% this year
The economy is expected to grow by more than 1% this year, helped by improved exports and government measures as well as a gradual recovery in tourism, Finance Minister Arkhom Termpittayapaisith said on Wednesday.The economy suffered a 6.1% economic slump last year, with the vital ...
Thai food exports remain untouched by Covid crisis
Despite the Covid-19 fallout, the food and beverage industry has proved to be a stable income generator for most Thai exporters.Ronnarong Poonphiphat, director of the Trade Policy and Strategy Office (TPSO), said food and beverage exports accounted for 73 per cent of total exports in ...
The Nation Reporter
Jan-Sept exports rise 15.5% y/y
Thailand’s exports rose more than expected in September from a year earlier, helped by trade partners’ economic recovery, a weak baht and government trade promotion, the commerce minister said on Tuesday.Exports, a key driver of growth, increased 17.1% in September from a year earlier, beating ...
Ministry aims to keep living costs in check
The Commerce Ministry’s Internal Trade Department is keeping a close watch on the prices of essential and agricultural products for the remainder of the year as floods are affecting parts of the country and energy prices are rising.Wattanasak Sur-iam, the department’s director-general, said products under ...
Phusadee Arunmas
Co-payment most popular of all Covid relief measures: poll
People find the co-payment programme, one of the measures taken by the government to cushion impacts from Covid-19, most favourable to them, according to the result of an opinion survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online during Oct ...
Bangkok Post Reporter
Subsidies shore up SMEs ahead of Nov 1
More than 5,000 small and medium-sized enterprises (SMEs) joined a government subsidy programme to help them retain employees on the first day of registration on Wednesday, said Labour Minister Suchart Chomklin.Applicants can register until Nov 20, according to the ministry. The programme was designed to ...
Bangkok Post Reporter
Minister to submit letter on CPTPP
Thailand’s decision on whether to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is becoming clearer, as Foreign Minister Don Pramudwinai is expected to submit a letter of intent soon for the country to apply to join the pact to the cabinet for ...
Phusadee Arunmas
Corporate bond sales to hit B1tn this year
The issuance of corporate bonds is expected to hit a trillion baht this year as companies try to avoid higher interest costs if rates rise next year, refinancing their debt to reserve liquidity with commercial banks for future emergencies as the market remains highly volatile, ...
Bangkok Post Reporter