Economy and industry

Thailand’s economy has been struggling for the past two years due to the Covid-19 outbreak. However, through the cooperation of various sectors and the highvaccination uptake, Thailand is able to finally reopen borders, allowing the economy to recover.Newsline’s Sandra Hanutsaha talks with Dr. Kirida Bhaopichitr, ...

The Thai economy grew by 0.9 per cent as expected in December, though fears over the Omicron variant may slow things down in the first quarter of 2022, the Bank of Thailand (BOT) said.Chayawadee Chai-Anant, senior director of BOT’s Corporate Communications Department, said that despite ...

After much deliberation, the Regional Comprehensive Economic Partnership (RCEP) trade pact is expected to become effective today.The pact was signed on Nov 15, 2020, by the 10 Asean member countries along with five Asean free trade agreement (FTA) partners. At least six members of Asean ...

More than 1.3 million people used Thailand’s railway services on December 29 and 30, with more than 90,000 people travelling upcountry.The five lines that saw the highest number of passengers were: Southern: 26,852 passengers Northeast: 26,420 passengers Northern: 23,402 passengers Eastern: 11,010 passengers Mahachai-Mae Khlong: ...

The coming year looks to be an eventful one with activities that could have a big impact on Thailand, ranging from the country’s hosting of the Asia-Pacific Economic Cooperation (Apec) summit to the trial of the retail Central Bank Digital Currency (retail CBDC).The 2022 Apec ...

The year 2021 posted exponential growth for cryptocurrencies and digital assets, which remain both one of the riskiest assets and one of the most promising growth opportunities entering 2022.To capture gains from the growing asset class, brokers advise investing 5-15% of a portfolio in digital ...

Cryptocurrency-fuelled ransomware attacks, metaverse-related attacks, exploitation of flaws in application programming interfaces (API), and critical infrastructure attacks are among the key threats expected in 2022, according to Palo Alto Networks, a global cybersecurity company.“Cybercriminals are getting richer than ever as cryptocurrency fuels the ransomware economy,” ...

The business sector is calling on the government to implement sandbox schemes in destinations like Pattaya in Chonburi, Rayong and some parts of Bangkok, Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said on Thursday.He was speaking after meeting with members of the Chonburi ...

Spending during the festive season is expected to remain below 100 billion baht for a second straight year, hitting a 12-year low as growing concerns over the Covid-19 Omicron variant continue to undermine public sentiment.The University of the Thai Chamber of Commerce (UTCC) revealed its ...

The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a 13th straight meeting on Wednesday, to support a tourism-reliant economy facing fresh risks from the spread of the Omicron coronavirus variant.The BoT’s Monetary Policy Committee unanimously voted to ...