Economy and industry

The Tourism and Sports Ministry is expecting 36.9 million foreign tourists to visit Thailand this year if the Covid-19 outbreak grinds to a halt by next month.However, if the spread of the new coronavirus continues, it will be a “big issue” and deepen fears not ...

The Oil Fuel Fund’s administration committee has agreed to raise contributions collected from retail diesel sales by 0.5 baht per liter, following the drop of global oil price to 34.16 U.S. dollar per barrel. The committee expects the global oil price will remain in the ...

The Thai government will roll out strategic plans to turn the country into an electric vehicle (EV) hub in five years under several promotional measures, said Deputy Prime Minister Somkid Jatusripitak on Wednesday.Somkid announced the policy after chairing a meeting of the National Electric Vehicle ...

The merger of TOT and CAT into a new company, called National Telecom (NT), is believed to be the government’s final push to provide a lifeline to the two state telecom enterprises.Over the past two years, the government has tried to set up a new ...

Widespread unemployment is expected in the industrial sector this year as the economy braces for continued fallout from the coronavirus outbreak, just as over 500,000 new graduates leave university this May, says the Employers’ Confederation of Thai Trade and Industry (EconThai).The group is raising concerns ...

The government looks set to allow Village Funds to pay 1,000-2,000 baht to 13 million members for fund-related activities nationwide to promote domestic spending.According to Rakpong Sengcharoen, head of the National Village and Urban Community Office, increased domestic spending will help offset somewhat the sharp ...

Thailand has put together a report on its progress in combating human trafficking cases over the past year and plans to submit it to the US Department of State by early next month.Maj Gen Phatchasak Patirupanon, assistant to the spokesman for Deputy Prime Minister Prawit ...

The dangers of corporations owning large amounts of personal data have been heavily debated in recent years with no real solution to the issue.Data has been branded the new currency in the world. For years, users of online platforms did not realise that they were ...

The headline consumer price index (CPI) in February rose 0.74% from a year earlier, slowing from the previous month and below expectations, commerce ministry data showed on Thursday.A Reuters poll had forecast the headline CPI would rise 0.77% year-on-year in February after January’s 1.05% increase.Keep ...

The Finance Ministry will hasten launch of new relief packages for businesses hit hard by impact of the Covid-19 outbreak, said minister Uttama Savanayana on Monday (March 2).The measures , he added, are customised to serve the specific needs of affected groups of businesses.Tourism and ...