Economy and commerce

At a seminar this month to forecast Thailand’s two-way trade with China, the commerce minister, Sonthirat Sonthijirawong, hailed e-commerce as the business model that could propel the country to new heights.Keep reading ...

The Thai government is planning to amend its foreign business law to boost inbound investment, as it tries to stimulate economic growth to catch up with its neighbors.Keep reading ...

Thailand’s gross domestic product (GDP) growth soared to five-year highs in Q1 of 2018. The Thai economy grew by 4.8% last quarter, surpassing predictions. The surge has led the statistics agency to reassess its growth predictions for the year. It now estimates 2018 growth of 4.2- ...

Alibaba Business School, the Industrial Promotion Department (IPD) and the International Trade Promotion Department (ITPD) have begun a long-term joint e-commerce training programme that seeks to develop a digital mindset among aspiring entrepreneurs, government officials, college lecturers and students across Thailand.Keep reading ...

In order to position Thailand as a startup hub in Asia by 2020, the government has ordered the Board of Investment (BoI) to spend 10 billion ($312 million) baht of the Competitiveness Fund on the startup community as well as demanding the acceleration of three ...

Following the May 17 issuing of Myanmar’s first credit bureau licence to a joint venture company between Singapore’s Asian Credit Bureau Holdings and Myanmar Banks Association, small and medium enterprises (SMEs) now have a chance for a brighter future, according to government officials and industry ...

The government is keen to raise the standard of Thai startups to a level on par with their Singaporean counterparts. Deputy Prime Minister for Economic Affairs, Somkid Jatusripitak said on Friday that the SME Transform event hosted by the Ministry of Industry brings together small and ...

The Mekong Delta once sheltered Viet Cong guerrillas as they battled U.S. forces during the Vietnam War. Today the area is the country’s “rice bowl,” providing half of the national rice supply. It is also becoming an increasingly attractive investment destination for domestic and foreign ...

The European Union delegation visiting Thailand is optimistic of making a breakthrough in free trade talks with Thailand within four years, under the elected future government.“Negotiations on an FTA will only be possible with a democratically elected government,” the EU delegation to Thailand ambassador Pirkka ...

There were high stakes on both sides in the summit that’s just taken place between US and Chinese trade officials headed by heavyweight Treasury Secretary Steven Mnunchin.The central issue for both is China’s challenge to American supremacy in technology. China’s goal is to dominate the ...