Economy and industry

New research shows hydropower in the Mekong region will become far less sustainable as droughts force countries to rely on coal and gas power plants, driving up carbon emissions and electricity costs. The findings present a problem for Mekong countries’ dam building plans, as hydropower ...

The Department of Employment has sourced 56,138 full-time job vacancies and 1,255 part-time vacancies from the private sector to help the unemployed during the Covid-19 crisis period.The most recruited full-time positions are industrial workers, assembly workers, couriers, sales agents, customer service workers, shop assistants and ...

The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020.According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures ...

The Finance Ministry is in the process of designing the third phase of the co-payment subsidy scheme to maintain economic recovery momentum.The ministry is deliberating on the number of eligible recipients and monetary giveaway for each individual in the third phase, said Krisada Chinavicharana, permanent ...

Thailand should implement fiscal stimulus to overcome the Covid-19 crisis, without being concerned about the possibility of the public debt-to-GDP ratio overshooting the 60% ceiling, says former UN Conference on Trade and Development secretary-general Supachai Panitchpakdi.Most countries around the world, both developed and developing economies, ...

The Finance Ministry is preparing to seek the Cabinet’s approval for additional funding for the Rao Chana (We Win) scheme following the better than expected number of registrants.Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million ...

The Eastern Economic Corridor (EEC) Policy Committee on Monday approved an additional budget of Bt2.17 billion for land expropriation for the high-speed rail project linking Suvarnabhumi, Don Mueang and U-Tapao airports, Transport Minister Saksayam Chidchob said.“The State Railway of Thailand, which is responsible for the ...

Real investment in the government’s Eastern Economic Corridor (EEC) is estimated to reach 400 billion baht this year, driven largely by private investment and key infrastructure development projects.Of the total, 300 billion baht is expected to be generated by private investment, while 100 billion would ...

Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, ...

The Eastern Economic Corridor (EEC) has expected investment to triple to 300 billion baht this year as investment projects previously held by the coronavirus outbreak get pushed forward again.EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion ...