Economy and industry
NESDC to tap Bt100 billion for funding labour training
The National Economic and Social Development Council (NESDC) would propose new projects worth Bt100 billion to the Cabinet related to labour skills training and for investments in projects in the communities, council secretary-general Danucha Pichayanan said.The projects would be funded from the Bt400-billion budget, which ...
The Nation Reporter
Eppo to review feed-in tariffs to help operators
A decline in renewable energy costs is prompting the Energy Policy and Planning Office (Eppo) to review the inclusion of feed-in tariffs in electricity prices to help power operators, though it would increase power bills for households.The feed-in tariff, in use since 2013, is the ...
Yuthana Praiwan
Thailand signs RCEP agreement but PM warns of challenges ahead
Prime Minister General Prayut Chan-o-cha participated on Sunday in the 4th Regional Comprehensive Economic Partnership Summit (RCEP), which was one of the meetings in addition to the 37th Asean Summit through teleconference.The PM said he was very pleased that the meeting could conclude the outcome ...
The Nation Reporter
RCEP could hurt small farmers
An Asia-Pacific trade deal backed by China could hurt small scale farmers, cause more land conflicts, and leave workers in poorer nations without protection as they struggle to deal with the pandemic, human rights groups said on Friday.The Regional Comprehensive Economic Partnership (RCEP) — that ...
Excise to study reworked EV taxes
Finance Minister Arkhom Termpittayapaisith has ordered the Excise Department to study the excise tax structure on electric vehicles (EV) to promote industry development and lower the price of EVs.Speaking after visiting the Excise Department on Friday, Mr Arkhom said the government has lowered the excise ...
Wichit Chantanusornsiri
BOT urges banks to boost digital services
The Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group.She added that the central ...
The Nation Reporter
Thai auto industry must adapt quickly to EV production, govt warns
The Energy Ministry has warned that businesses in Thailand’s automotive industry must adapt quickly to the growing trend for electric vehicles (EVs).Prasert Sinsukpraser, who heads the ministry’s Department of Alternative Energy Development and Efficiency, said the Thai EV industry would grow rapidly between 2020 and ...
The Nation Reporter
Govt asks central bank to manage soaring baht to aid exports
The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...
Internet economy on trajectory to $53bn value
Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.Thailand is projected to have the ...
Komsan Tortermvasana
Prawit: Technology core to Thailand's development
Technology is at the core of Thailand’s development as the country moves forward into the era of Thailand 4.0, Deputy Prime Minister Prawit Wongsuwon said on WednesdayGen Prawit was speaking when opening ”Powering Digital Thailand 2021”, a forum jointly organised by the Bangkok Post and ...
Dumrongkiat Mala
