Economy and industry

A new campaign has been launched to help SMEs weather the COVID-19 crisis, with an online seminar recently being held to give entrepreneurs insight into modern trade markets to encourage more SMEs to sell their products at shopping malls and supermarkets, where they can reach ...

Following the hashtag #NOCPTPP​ trending due to resistance directed at Thailand’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Foreign Affairs explained that the Cabinet only agreed to grant the Prime Minister another 50 days to consider the issue to ...

Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday.The UTCC, which compiles the monthly reports, said that the index was its lowest since October ...

Employers in Thailand cut around 76 per cent of their employees’ working time during the second half of 2020 in order to save costs, a report by American analytics and advisory company Gallup said.The report, published on Monday, collected data from 117 countries.It pointed out ...

The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.The latest outbreak has slowed domestic activity for the tourism-reliant economy at ...

Thailand’s headline consumer price index (CPI) in April jumped 3.41 per cent year-on-year to 100.48 points, the first time it rose in 14 months, the Ministry of Commerce said Wednesday.“The surge of consumer price index in April was the highest record in eight years and ...

Liquidity in the domestic banking sector has been declining due to higher deposit withdrawals from business operators attempting to cope with the impact of the prolonged pandemic.According to Kasikorn Research Center (K-Research), outstanding deposits at 19 registered commercial banks in the first quarter of 2021 ...

The global cybersecurity company Kaspersky has reported a significant decrease in the number of ransomware attempts it detected and foiled last year among small and medium enterprise (SME) users in Southeast Asia.The company monitored 804,513 ransomware events in 2020, down 58% from the 2019 total ...

Energy authorities are preparing to extend the power discount period for households and businesses to reduce monthly expenses during the third wave due to work-from-home orders.The Energy Regulatory Commission (ERC) earlier this year approved a discounted electricity tariff from February to March as part of ...

Thailand is speeding up registration of geographical indication (GI) products in four countries to prevent foreign sellers from claiming they make the products and helping to increase Thai exports during the pandemic this year.GI is a certificate indicating goods with unique characteristics come from certain ...