Economy and industry

Thailand is close to completing one the world’s biggest floating hydro-solar hybrid projects on the surface of a dam, a step toward boosting renewable energy production after years of criticism for reliance on fossil fuels.About 144,417 solar panels are being installed on a reservoir in ...

Commerce Minister Jurin Laksanawisit expects 8% growth of exports in March, driven partly by a squad of national and provincial “salesmen” who are helping arrange online business matching between Thai exporters and foreign buyers to boost trade.The forecast, which followed the latest assessment of export ...

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate.The JSCCIB’s outlook was lower than the previous one in March ...

Kasikorn Research Centre has slashed its growth forecast for the Thai economy in this 2021 from 2.6 per cent to 1.8 per cent following the latest outbreak of Covid-19 in the country.The research centre said the downgrade came despite positive factors such as the upswing ...

The Cabinet on Tuesday agreed to allow another 2.4 million people to register for the government’s cash-handout “RaoChana” (We Win) scheme and agreed to give beneficiaries until June 30 to use up their subsidy, a source said.The proposal had been put forward by the Fiscal ...

The Bank of Thailand said on Monday the current Covid-19 outbreak was highly uncertain and it was ready to introduce necessary assistance measures in addition to recent support schemes.The central bank is also closely monitoring the situation and discussing with relevant agencies help for retail ...

The Civil Aviation Authority of Thailand (CAAT) has told agencies related to air transportation to refrain from operating domestic flights from 11pm to 4am in a bid to tackle the new wave of Covid-19.According to the announcement issued by CAAT chairman Suttipong Kongpool on Saturday, ...

The Bank of Thailand (BoT) has asserted that it has stepped into the market only to curb volatility in the baht, and Thailand has never used the exchange rate as a tool to gain an unfair trade advantage.BoT assistant governor Chantavarn Sucharitakul said the central ...

A majority of people agree with the government’s intention to create a special, long holiday similar to Songkran to help stimulate the country’s sagging economy, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on April 6-15 ...

The Tourism Council of Thailand (TCT) estimates the industry’s unemployment rate in the second quarter could reach between 2-2.5 million as reopening plans might be delayed if the government cannot flatten the virus curve within a month.Chamnan Srisawat, president of TCT, said staff had been ...