Economy and industry

Thailand’s economy will shrink this year by less than previously estimated as government support measures alleviate the impact of the coronavirus pandemic, according to the finance ministry.The Southeast Asian nation, which has seen trade and tourism battered by the pandemic, will contract 7.7% in 2020, ...

The Bank of Thailand has extended its debt repayment and interest reduction measures until June next year, to help debtors and alleviate their financial burden.Keep watching ...

Purple Ventures, a subsidiary of SCB 10X, on Monday launched the food-delivery app Robinhood, which aims to help at least 16,000 small restaurants and merchants join the digital marketplace.The app will initially cover deliveries in Bangkok and its vicinity before expanding further early next year.Robinhood ...

The government is struggling to deal with tech-savvy youth-led demonstrators who make the most use of information and communication technologies and social media platforms as a major tool in their anti-government campaign, academics and former protest leaders said.They also raised concern about possible confrontations between ...

Illegal rail crossings should be upgraded, if not scrapped, to improve public safety following the Oct 10 crossing clash that killed 18 people in Chachoengsao, according to an expert.It was one of the suggestions put forth by Rattapoohm Parichatprecha, chairman of the Rail Engineering Committee ...

Thailand welcomed its first foreign tourists in seven months on Tuesday, bringing a tiny ray of hope to a vital industry that has been brought to its knees by the coronavirus crisis.Thirty-nine Chinese tourists flew into Suvarnabhumi Airport on the outskirts of Bangkok on a ...

The Bank of Thailand approved the extension of its 500-billion-baht soft loan scheme by six months, and allowed companies listed on the Market for Alternative Investment to apply for the loans, a previous obstacle to participation.The central bank announced the relaxation of the parameters on ...

The Treasury Department together with the Public Health Ministry has vowed to splurge as much as 4 billion baht to develop and convert Phuket’s medical tourism industry into a world-class medical and wellness tourist destination.Director-general Yuthana Yimkarun said the department scheduled a Nov 2 ceremony ...

The Finance Ministry is preparing to adjust the tax structure to incentivise foreign investors in preparation for a full reopening of the economy.One of the planned measures to stimulate the economy is adjusting the tax structure as a short-term boost for individuals and the private ...

The Bank of Thailand has extended the debt moratorium period to next June for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht and difficulty in servicing existing debts.The extension period will end on June 30, 2021. The extension will only ...