News
Consumer products likely to cost more despite cut in diesel price
The move by the Oil Fuel Fund Office to approve a reduction in the retail price of diesel by 50 satang per litre from Wednesday is unlikely to deter consumer goods makers from hiking prices.President of the Thai Wholesale and Retail Trade Association, Somchai Pornratanacharoen, ...
The Nation Reporter
Bangkok signs Asia declaration for clean water, land and air in cities
The Thai capital has joined other Asian cities in a binding agreement to improve the quality of their environment for citizens.The Indore 3R Declaration of Asian Mayors on Achieving Clean Water, Clean Land and Clean Air in Cities was signed during the 11th Regional 3R ...
The Nation Reporter
Thai Q4 GDP unexpectedly falls, 2023 outlook trimmed
Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing.The planning agency responded by downgrading its outlook for this year.Keep reading ...
Economic growth slowed in tourism-reliant Thailand in Q4
Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.Growth in Southeast Asia’s second-largest economy was forecast at 3.5% year-on-year in the October-December period, down from 4.5% ...
Thailand cuts the use of plastic bags by over 148,000 tonnes in three years
The Pollution Control Department (PCD) on Wednesday credited its campaigns among the public for the sharp reduction in the use of single-use plastic and plastic shopping bags, totalling more than 148,000 tonnes in about three years.PCD director-general Pinsak Suraswadi said the department had launched the ...
The Nation Reporter
Thai c.bank wants to see household debt below 80% of GDP
Thailand’s central bank said it wants to see household debt levels below 80% of gross domestic product (GDP) to help reduce economic and financial risks, an official said on Tuesday.But measures introduced so far and a recovery in the economy might not be enough to ...
Thailand’s new strategies to attract foreign investors unveiled
The Thai Board of Investment (BoI) on February 14 unveiled its strategies to attract foreign investors over the next three to five years.BoI Secretary-General Narit Therdsteerasukdi said the board’s strategies are in line with the country’s long-term socio-economic development plans and they support manufacturing and ...
Cabinet endorses B300 visitor fee to improve standards
The cabinet yesterday approved the collection of a 300-baht tourism fee from foreigners visiting Thailand by air, along with a 150-baht fee for visitors by land or sea, expected to start in June this year. Foreigners visiting Thailand on day trips that do not include ...
Bangkok Post Reporter
Inflation slowing, no need for big rate hikes - central bank
Thailand’s inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, Bank of Thailand (BoT) deputy governor Mathee Supapongse said on Wednesday. Policy normalisation will be gradual and will not affect the ...
Bangkok Post Reporter
PM praises Thailand's 10th ranking in Power Index
Prime Minister Prayut Chan-o-cha was pleased with the 10th ranking of Thailand in the Asia Power Index 2023, said government spokesman Anucha Burapachaisri on Saturday.Quoting the premier, he said the ranking reflects Thailand’s standing in the international community. The Asia Power Index measures a nation’s ...
Bangkok Post Reporter
