Economy and industry

Thailand ordered security stepped up at its land borders on Monday after concerns surged over a possible second wave of coronavirus infections, following the arrests of thousands of illegal migrants in the past month.Since the start of June, authorities have arrested 3,000 migrant workers for ...

Despite lower interest rates this year, bank deposits have risen sharply as investors have stayed away from investment in risk assets.Banks’ deposits as the end of May shot up by 8.76 per cent to Bt 14.63 trillion, an increase of Bt1.18 trillion from the end ...

The Fiscal Policy Office (FPO) is using satellites and carbon dioxide density measures to study economic conditions on a more continuous basis, according to senior officials at the Finance Ministry’s think tank.The data will allow the FPO to analyse data for areas to improve efficiency ...

The government plans 100 billion baht of new soft loans to help small-and medium-sized enterprises (SMEs) in the tourist and services sector hit by the coronavirus pandemic, the finance minister said on Monday.The loans will offer more relaxed conditions than the central bank’s 500-billion baht ...

A vice chairman of the Sa Kaeo provincial council has proposed the reopening of the Aranyaprathet border crossing to resume border trade.Thongwara Maksakhon, the vice chairman of the provincial council, said that he would like to ask relevant authorities to make it clear if or ...

Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...

The committee overseeing foreigners’ investment under the Foreign Business Act permitted 22 foreigners to invest in Thailand in June, according to the Department of Business Development’s director-general, Vuttikrai Leewiraphan.Most of them are from Japan, Singapore and China with total foreign direct investment (FDI) of Bt1.587 ...

Uncertainty is unhealthy for investments and the prime minister is being urged to exercise his leadership by spelling out whether or not the current economic team will stay put in the next reshuffle.Some economists have predicted the economy could get a lot worse before it ...

Thailand’s cabinet on Wednesday approved a budget of up to 100 billion baht ($3.2 billion) for projects aimed at reviving an economy hit by the coronavirus outbreak, the prime minister said.The projects will mainly support households and farmers as well as providing jobs, Prayuth Chan-ocha ...

The government is giving the green light to local tour operators to tap foreign medical and wellness tourists from next month while the “travel bubbles” tourism scheme is tipped to start in September, a senior spokesman said yesterday.Dr Taweesilp Visanuyothin, spokesman of the Centre for ...