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The government will subsidise registered workers’ welfare payments after the cabinet agreed to reduce their contribution to the Social Security Fund (SSF) in light of economic pressures, says the Labour Ministry.The decision to reduce workers’ contribution was among 10 measures agreed by the cabinet last ...

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.The ministry is worried the Russia-Ukraine war will affect its target for foreign ...

Digital advertising spending is expected to continue to grow in 2022, though by a smaller margin than the 18% surge recorded last year amid concerns about the weak economy, according to the Thailand Digital Advertising Spend Report.The report was jointly commissioned by the Digital Advertising ...

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

The Oil Fuel Fund Office (Offo) expects to obtain the first portion of loans as part of a total of 20 billion baht from commercial banks next month as its fund, used to subsidise energy prices, is nearly empty.The loans are to repay oil and ...

A researcher at the Thailand Development Research Institute (TDRI) says he supports some of the measures announced by the government on Tuesday to ease living costs, but notes that some could affect the social security system in the long run.This week the government announced a ...

Thailand’s finance minister said on Thursday high oil prices and inflation should be temporary.The government has approved support measures in a bid to help ease the impact of oil prices and the higher cost of living, Arkhom Termpittayapaisith told a business seminar.Keep reading ...

Non-governmental organisations held a protest on Thursday demanding the dropping of draft legislation aimed at monitoring and regulating their activities.Members of several NGOs converged at the Social Development and Human Security Ministry to air their opposition to the Operations of Not-for-Profit Organisations bill (NPO bill).The ...

Thailand expects the economy to grow no less than 3per cent this year, helped by a raft of support measures to mitigate the impact of soaring oil prices, a government spokesman said on Wednesday.The measures, approved on Tuesday, would be worth at least 50 billion ...

Thailand’s exports rose by a more than expected 16.2per cent in February from a year earlier on improved global demand while the Russia-Ukraine war had yet to affect trade, the commerce minister said on Thursday.That compares with a forecast for a rise of 10.2per cent ...