Economy and industry

Mr. Bancha Manoonkulchai, senior director of the payment system policy division, Bank of Thailand (BOT), has disclosed that the development of digital payments and the linkage of Thai payment systems are growing with currently 49.5 million PromptPay registered users through various channels, with average daily ...

China is expected to dominate the CLMV market, with Thailand estimated to lose as much as 187 billion baht by 2022 as Cambodia, Laos, Myanmar and Vietnam are inundated with Chinese goods.According to Aat Pisanwanich, director of the Center for International Trade Studies at the ...

The Cabinet today (November 26) approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana, adding that the measures aim to support small farmers, SMEs and property developers.Uttama expects the new measures to generate Bt80 billion to the economic ...

The unemployment rate in the third quarter edged up from the same period last year and the previous quarter because of a slowing economy, floods in the Northeast and drought in some parts of the country.The government’s planning unit, the National Economic and Social Development ...

The Finance Ministry will on Tuesday (November 26) submit to the Cabinet its latest economic package to boost the economy, Minister Uttama Savanayana said.The new package follows the scheme on consumption and tourism, known as “Eat, Shop, Spend”, which the government has been implementing.Uttama’s announcement ...

The Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says.The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said ...

Economists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policymakers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero.“In the short term, we are ...

Thai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted on 1,174 people throughout the country ...

Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer “strong medicine” that can cure it.The central bank governor on Saturday expressed concern over the currency’s strengthening — ...

After instructing the economic ministers, who are from various political parties, to engage in conversations with each other more regularly, the Prime Minister, Gen. Prayut Chan-o-cha, reminded them to work within the government framework and to deliver policies to alleviate people’s hardships.Keep reading ...