Economy and industry

Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions.The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers.The ...

Finance Minister Uttama Savanayana held a meeting with the chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC) on driving the Thai grass-roots economy at Ban San Thang Luang community, Mae Chan district, in Chiang Rai province.The minister also visited farmers who were the ...

Labour rights advocates have questioned the government’s claim of more businesses opening shop as opposed to closing down, insisting that new companies may not be hiring as many workers as expected.Prime Minister Prayut Chan-o-cha earlier countered concerns about a stagnant economy saying that more than ...

Industry Minister Suriya Juangroongruangkit said that he has ordered fragmented data records from various department stores to be centralised in the server of the Office of the Permanent Secretary for Industry.This is according to the Big Data policy of the government. Keep reading ...

The Energy Ministry has announced 10 urgent action plans for 2020 to support living expenses for Thais, maintain the country’s energy security and become a regional leader in the sector.Energy Minister Sontirat Sontijirawong said the ministry has to carry out several missions next year to ...

Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.Keerati Rushchano, director-general of the department, said that Malaysia remained Thailand’s top trade partner among border countries ...

The Electronic Transactions Development Agency (ETDA) has vowed to push ahead with a regulatory system for digital certificate issuers and digital identification service as key missions next year.Digital certificate issuers, known as Certification Authority (CA), act as a third party to help confirm authenticity of ...

Exports fell for the fourth straight month in November, plunging by 7.39% year-on-year, attributed largely to lower oil and farm product prices, the world’s economic and trade slowdown, ongoing trade tensions between the US and China and baht appreciation.The Commerce Ministry reported on Monday customs-cleared ...

The National Electronics and Computer Technology Center (Nectec) is gearing up to study to tremendously high-frequency terahertz for use in non-destructive testing for various sectors such as farming, food and security.“In the next two years, Nectec will conduct deep research and make use of terahertz ...

Thailand plans to grant 8.5-billion-baht in loans next year to Myanmar, Laos and Cambodia to build four new transnational roads under the Asean Connectivity initiative.The cabinet will be asked to give approval for the infrastructure development. Observers say the fast-growing economies of Myanmar and Cambodia ...