Economy and industry
COVID-19 causes about one trillion baht in damage to Thai economy
The overall damage Thailand’s national economy, caused by the COVID-19 pandemic, is currently estimated at about one trillion baht, while business confidence for the first quarter of this year has dropped to 47.2, which is the lowest in almost two years, according to the forecast ...
Govt sees GDP, investment boost if joins CPTPP trade pact
Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.The country has before said it aimed to seek ...
Commerce Ministry reduces prices of 3,025 items
The Ministry of Commerce has continuously reduced commodity prices, to help reduce Thai citizens’ cost of living during the COVID-19 outbreak.Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce said the commodity price reductions are a form of continuous aid from the ministry, in ...
Sirakij Pornbanggird
Thailand Says Tourism Likely Won’t Improve Until Vaccine Found
A vaccine for the novel coronavirus is needed to help reverse a plunge in Thailand’s critical tourism sector, according to the agency that promotes the industry.Visitor numbers are set to tumble 60% to 16 million this year, almost halving foreign tourism income, but those numbers ...
Natnicha Chuwiruch
SRT invests in Big Data in bid to boost rehab efforts
The State Railway of Thailand (SRT) is spending at least 300 million baht to hire a consulting firm to digitialise and create Big Data for its 200,000-plus rai in property holdings nationwide.Worawut Mala, deputy governor overseeing asset management, said on Friday that the SRT had ...
Bangkok Post Reporter
Ministry lines up PNs worth B70bn to buffer viral impact
The Finance Ministry will issue promissory notes (PN) worth 70 billion baht as the first batch of borrowing under the 1-trillion-baht royal decree to soften blow from the Covid-19 spread and the government’s containment measures.“Initially the Public Debt Management Office plans to offer 70 billion ...
Wichit Chantanusornsiri
Rise of Industry 4.0 and digitalization in Industrial
Industrial 4.0 or what we otherwise call the digitalization of industries is already here. In fact, four out of five organizations now do recognize the importance of operational network digitalization.The natural progression from mechanization to electricity to automation and computers has made the shift a ...
Stephan Neumeier
Govt craves world heritage status for Thai sea salt
The government is preparing to propose Thai sea salt for inclusion on the United Nations’ global heritage list.The move comes after the Thai Sea Salt Development Committee urged the Agriculture and Cooperatives Ministry to offer up the unique product to the UN’s Food and Agriculture ...
The Nation Reporter
Big stimulus borrowing could spur yield-curve control
Thailand’s 1 trillion baht borrowing programme for economic stimulus could spur central bank steps to keep a lid on bond yields.The government is set to start raising money as early as May, stoking questions about the outlook for bonds. A plausible scenario is that the ...
IMF: Thai GDP down 6.7%
The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus.Despite this, the IMF ...
Oranan Paweewun
