Economy and industry

The Ministry of Labour followed up the progress of participants in “The COVID-19 Resistant Farm Project Model” programme in Ratchaburi. The initiative was launched to promote vocational occupations as a local employment resource so people can earn sustainable income.Deputy Permanent Secretary of Labour Ministry, Mrs. ...

Thailand’s parliament approved on Sunday (May 31) a near-US$60 billion stimulus package, the kingdom’s biggest-ever cash injection, to revive an economy that has been hammered by the coronavirus.The 1.9 trillion baht (US$59.7 billion) package would be a much-needed boost for Southeast Asia’s second-biggest economy, expected ...

The government has suggested that people defer inter-provincial travel, or travel only if it were necessary, as that would help slow or prevent the spread of the Covid-19 virus.Phase 3 of the easing of lockdown measures, which comes into effect from June 1, permits inter-province ...

The cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry.The lower house panel will open for public opinions on ...

Thailand plans to boost domestic tourism in the third quarter to help support the struggling economy as the coronavirus pandemic hits global travel and domestic consumption, the state planning agency said on Monday.The export- and tourism-driven economy may shrink 5% to 6% this year, the ...

In 2019, nearly 40 million tourists visited Thailand. This year, however, it is forecast that number will fall by more than 10 million. On what should the Thai tourism sector focus after the COVID-19 outbreak? Will travellers come back in the near future? Let’s find ...

Based on a 2019 study by Facebook and Bain & Company, a global management consulting firm, digital consumers in ASEAN will be spending three times as much in 2025.The joint study found that while consumers in Southeast Asia spent US$125 on average on online purchases ...

Reduced tourism heads the list of ways Thai people think their behaviour patterns will change in the “new normal” in the aftermath of the Covid-19 pandemic, according to an opinion poll carried out by the Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was ...

The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB).Non-performing loans (NPLs) are surging ...

Enhancing digital literacy and pursuing a customer-centric experience are necessary as businesses adapt to new behaviour during the pandemic, particularly with travel restrictions and changes in supply chains.Thailand is migrating from the phase of self-quarantine and stringent lockdown measures to gradually resuming operations under social ...