Economy and industry

The adoption of 5G wireless broadband technology will bring social and economic benefit to Thailand, Deputy Prime Minister Prawit Wongsuwan said on Wednesday (December 18).Prawit was presiding over the event “5G The New BEGINNING to change Thailand’s economic landscape”, co-hosted by Krungthep Turakit newspaper, The ...

Commenting on the news that S&P Global Ratings had upgraded its outlook on Thailand’s sovereign credit rating to positive from stable for the first time in 9 years, Prime Minister and Minister of Defence Gen Prayut Chan-o-cha said after the Cabinet meeting on Tuesday (December ...

A new cooperation deal between the Myanmar government and private energy company, MPRL E&P, will bring good news for Thailand’s power generation sector, Myanmar’s Ministry of Electricity and Energy said in a statement on Monday.The statement was issued after MPRL E&P, a Myanmar-based independent energy ...

The Bank of Thailand (BoT) is expected to leave its benchmark interest rate at a record low on Wednesday after two cuts this year, a Reuters poll showed, although it was likely to downgrade its growth outlook again.All 16 economists in the poll predicted the ...

Thailand looks poised to improve free trade agreements (FTAs) under the Asean framework next year, aiming to extend tariff cuts to cover more products, particularly sensitive items.The Trade Negotiations Department also wants to upgrade agreements so they are in line with changing economic conditions.Keep reading ...

The economic foundation in Thailand remains strong, after an international credit rating agency recently raised the country’s outlook to positive, as the government continues short-term measures to stimulate the domestic economy amid the global economic slowdown.Keep watching ...

Tourism operators are calling for more effective measures from the government to help reinvigorate the slumping domestic tourism sector next year.Phuriwat Limthavornrat, president of the Association of Domestic Travel, said the government needs to develop short-term stimulus plans for the industry. The key is measures ...

In its latest campaign to encourage more spending and boost tourism Bangkok’s government is launching a series of walking streets today before the Thai government spreads the walking street ‘boost’ to other provinces. Silom and Yaowarat roads are becoming pedestrian walkways today and other provinces ...

The government is being urged to rev up budget disbursement and continue introducing more stimulus measures to spur spending as overall business sentiment remains low.The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the business confidence index, a gauge of nationwide business ...

Smaller firms may delay investment and recruitment next year because of the recent minimum wage increase of 5-6 baht per day, says the Federation of Thai SMEs.Last Friday, the national wage committee agreed to hike the daily minimum wage from 308-330 baht to 313-336 baht. ...