Economy and industry
Economy slows in Jan after virus outbreak but vaccines a boost
Thailand’s economy slowed in January from the previous month as the recent coronavirus outbreak hit domestic activity but the start of the country’s vaccination drive should spur confidence and tourism, the finance ministry said on Wednesday.The country has received its first vaccines against Covid-19, with ...
FTI warns of energy impact on exports
Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio.FTI’s Renewable Energy Industry Club chairman Suvit ...
Yuthana Praiwan
Thai exports up less than expected in January
Thailand’s exports grew 0.35 per cent year-on-year to USD 19.7 billion in January, below the market estimate of 2.7 per cent, officials said Tuesday.Imports in January were USD 19.90 billion, down 5.24 per cent from the same month in 2020, contributing to a trade deficit ...
Thai economy faces 10% permanent loss if Covid recovery delayed: S&P Global Ratings
Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked only recently, according ...
The Nation Reporter
TAT touts competitive enhancement fund
The tourism industry should have a competitiveness enhancement fund to transform businesses in order to avoid a massive collapse in the post-pandemic era, according to the Tourism Authority of Thailand (TAT).TAT governor Yuthasak Supasorn said the objective of such a fund is not to remedy ...
Narumon Kasemsuk
Mekong River levels 'slightly' rise amid conflicting regional data
The inter-governmental Mekong River Commission (MRC) said on Monday that levels on the vital waterway have “slightly” increased and it would look into why its outflow data from Chinese dams upstream differed from data later given by Beijing.Whether or not China’s 11 dams are harming ...
Thailand welcomes first “villa quarantine” tourists
A hundred foreign tourists have arrived in Thailand to take advantage of new “villa quarantine” rules, which will allow them to roam within designated resorts after a first week confined to their rooms. The country is seeking ways to stimulate its essential tourism industry despite ...
Massive fraud in tourism scheme
The Tourism Authority of Thailand (TAT) has lodged a complaint with the Crime Suppression Division against almost 1,000 business operators for alleged fraud relating to the government’s co-payment tourism scheme.CSD deputy chief Pol Col Anek Taosuphap said on Friday the complaint involved fraudulent practices in ...
Wassayos Ngamkham
Government banking on BCG model to propel recovery
The bio-, circular and green (BCG) economy is being touted by the government as a new model to bolster economic recovery.The first meeting of a management committee to drive the BCG economy, chaired by the prime minister, in January approved a five-year strategic plan to ...
Bangkok Post Reporter
Thailand NGO seeks halt to Mekong dam project in Laos, as threat to Asean's most vital waterway grows
A civic group in Thailand is petitioning the country’s financial institutions to withhold construction loans for the Luang Prabang dam project along the Mekong River in Laos amid warnings about the negative environmental risks the dams pose and the potential for the displacement of families ...
