Economy and industry

Thailand’s 5-rank rise in the 2019 IMD World Competitiveness Rankings, released in late May, reflects the business friendly environment and the dynamism of the economy which are the key factors attracting foreign direct investment (FDI) to the country, according to Thailand Board of Investment (BOI).Keep ...

The National Science and Technology Development Agency (NSTDA) will organize a logistics innovation contest in order to promote and enhance the commercial logistics sector.Keep watching ...

The Department of Labor Protection and Welfare earlier today organized an event, marking the World Day Against Child Labour, which falls on June 12th annually. The event featured exhibitions and activities arranged by public agencies, private development organizations, employers and employees.Keep watching ...

Thailand is ready to resume negotiations for a free-trade agreement (FTA) with the European Union (EU) once the new government is established, as officials seek to offset the decline in global trade, according to a leading trade official.Keep reading ...

The private sector says they’re waiting to see the new ministers emerge from the current negotiations that will be in charge of economic portfolios, who may raise the confidence of investors. Meanwhile, the Consumer Confidence Index was at 77.7 in for the month of May, ...

Thai authorities continue tackling human trafficking, though the country has been upgraded to Tier 2 on the US’s Trafficking In Persons report. Measures are focused on the protection of those at risk, particularly children and youths.Keep watching ...

The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic ...

The Energy Ministry expects the solar power project for household rooftops to achieve its projection of 15,000 participants by year-end thanks to the popularity of the trend globally and declining investment cost in the sector.Keep reading ...

Numerous transport infrastructure projects in the Northeast are in the pipeline to establish links between Thailand and Laos, Transport Minister Arkhom Termpittayapaisith says. The first project is the sixth Thai-Lao friendship bridge, linking Ubon Ratchathani with Salawan, he said. The cabinet on Tuesday gave approval ...

Some 60% of banks in Asia-Pacific do not have full digital account-opening services for new customers, despite recent reports that nine in 10 financial institutions in the region say they are ready to embark on a “digital transformation”, according to a survey by the credit ...