Economy and industry

The government looks set to introduce fresh stimulus measures, particularly aiming to spur spending by middle- and high-income earners and boost private investment.Deputy Prime Minister Supattanapong Punmeechaow said the new measures will be based on the co-payment principle and include the features of the Taste-Shop-Spend ...

The Bank of Thailand (BoT) has said that the country’s limited reopening for international visitors will not significantly help the Thai economy recover much this year, although positive signs  are seen from increased domestic spending, with a strong recovery expected in the second quarter next ...

Thailand’s cabinet on Tuesday authorized a 12 billion baht-budget increase (nearly U.S. $400 million) for a high-speed railway being built by Chinese state firms between northeastern Nakhon Ratchasima province and the capital Bangkok, a government spokeswoman said.The additional money was needed for technical changes to ...

Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy.With interest rates near zero, the Bank of Thailand (BoT) last week called for “more targeted and timely” government policies to support the ...

Thailand will receive its first foreign vacationers when a flight from China arrives next week, marking the gradual restart of a vital tourism sector battered by coronavirus travel curbs, a senior official said on Tuesday.The first flight will have about 120 tourists from Guangzhou, flying ...

With the deadline for the estimated 150,000 stranded foreign tourists in the kingdom to renew their visas having passed yesterday, it remains to be seen how many will continue to stay in the country either legally, having extended their right to stay, or illegally, facing ...

A Centre for Covid-19 Situation Administration (CCSA) meeting chaired by Prime Minister Prayut Chan-o-cha on Monday will approve a Special Tourist Visa (STV) to draw foreign tourists, deputy government spokeswoman Traisuree Taisaranakul says.The Ministry of Tourism and Sports, the Ministry of Public Health and various ...

Prime Minister General Prayut Chan-o-cha on Saturday presided over the opening ceremony of Job Expo Thailand 2020, along with other Cabinet members at Bitec Bangna.“The various activities at this event conform to the national strategy in the area of ​​development and empowerment of human resources ...

New business registrations continued to fall in August, dipping 7% from the same month last year as the business sector frets over the pandemic.The Business Development Department reported yesterday new business registrations totalled 5,538 in August, with combined registered capital worth 14.3 billion baht, a ...

The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans.Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a ...