Economy and industry

The number of firms registering in the Eastern Economic Corridor (EEC) from January-May this year dropped 13.35 per cent year on year to 2,731, Department of Business Development director general Vuttikrai Leewiraphan announced today.Their total registered capital was Bt6.790 billion, down 18.32 per cent year ...

A merger between CAT Telecom and TOT is unlikely to be completed by the original deadline of July, Minister of Digital Economy and Society Buddhipongse Punnakanta said, adding that the Cabinet would be asked to approve a 6-month extension of the deadline.“Originally we estimated that ...

The manufacturing production index (MPI) for May dropped 23.19% from a year earlier, led by lower production of cars, petroleum and air conditioners due to the impact of the coronavirus outbreak, the industry ministry reported on Monday.That compared with a forecast for a drop of ...

The government will seek cabinet approval next week for a 50 billion baht fund to help small businesses affected by the coronavirus outbreak, Somkid Jatusripitak said on Monday.The fund will provide soft loans to those firms that have no access to funding, the deputy prime ...

The National Economic and Social Development Council (NESDC) has screened the first round of 213 projects worth 101.48 billion baht out of a 400 billion baht budget earmarked to help those suffering from the impact of the Covid-19 pandemic.Thosaporn Sirisumphand, secretary-general of the NESDC, said ...

The Bank of Thailand is fine-tuning the process of offering 500 billion baht in soft loans with an aim to provide virus-hit small and medium-sized enterprises (SMEs) with better access.The central bank has talked with banks about tweaking the scrutiny process to give SMEs easier ...

The Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%.The latest economic forecast for 2020 is worse than the record contraction of 7.6% for ...

Energy Minister Sontirat Sontijirawong has come up with a plan to help mitigate the impact of Covid-19 and plans to propose it to Deputy Prime Minister Wissanu Krea-ngam on Thursday (June 25).Sontirat said this plan will help accelerate investments, such as community power plants to ...

Thailand’s exports in May amounted to $16.278 billion, the lowest in the past four years, the Trade Policy and Strategy Office said on Wednesday (June 24).Exports were hit due to the ongoing global Covid-19 crisis, its impact on consumers’ purchasing power, as well as the ...

The Digital Economy and Society (DES) Ministry through its legal panel is set to enter the arbitration process against SET-listed satellite service provider Thaicom for contractual breach in connection with satellite Thaicom 5.Thaicom 5 had a technical incident with the status notification system last December. ...