Economy and industry

The fuel tariff (Ft) rate will be frozen at 3.64 baht per kilowatt-hour for another four months from January to April next year, marking a 16-month period at the same rate, as the Energy Regulatory Commission (ERC) wants to avoid power prices burdening consumers during ...

There were 1,339 factories with 34,569 employees and a total investment of approximately Bt56.9 billion registered for sale or out of business in the first 10 months of 2019, according to the Industry Ministry.The factories were classified into 21 industrial groups including crop products, food, ...

As Thailand prepares to wind down its year-long chairmanship of Asean, it’s time to reflect on the state of the 10-country alliance and relations with its dialogue partners. Based on what happened at the 35th Asean Summit from Nov 2-4 in Bangkok, the outlook is ...

Notoriously labelled a ceremonial “talk shop” without any tangible outcomes, the latest Asean Summit in Bangkok finally proved critics wrong as regional leaders made progress in settling a mammoth trade pact despite India’s departure.The Regional Comprehensive Economic Partnership (RCEP) is a proposed free-trade agreement between ...

US commerce secretary Wilbur Ross on Monday wrapped up his two-day visit to Bangkok by assuring his hosts that Washington was open to negotiations over its decision to suspend the duty-free status of Thai imports.After a meeting with Prime Minister Prayuth Chan-ocha, Ross told a ...

The Thai Digital Asset Association (TDAA) on Thursday accepted an invitation from former transport minister Chadchart Sittipunt to serve as an honorary adviser to the upcoming “Blockchain Thailand Genesis 2019” event. According to a news report, the association considers that Chadchart has the competence, vision, and ...

The baht on Thursday closed at Bt30.32 to the dollar in onshore trade, maintaining Wednesday’s level when the central bank cut its policy rate and issued key measures to rein in the rapid appreciation of the Thai currency.Finance Minister Uttama Savanayana said the central bank ...

In sharing their opinions regarding what their government should prioritise in the 2020 fiscal budget, 65.9 percent of Thais polled by the Super Poll Research Centre placed healthcare as their top concern. Just behind that, however, 59.8 percent of Thais polled also prioritised good and ...

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid to boost the slowing Thai economy.Fiscal Policy Office secretary, Mr. Tittanan Mallikamat, said today (Wednesday) ...

Mercer released today (November 6) the results of its ‘2019 Thailand Total Remuneration Survey’, an annual study identifying key remuneration trends and making hiring and pay increase predictions for the following year.Keep reading ...