Economy and industry

A meagre 25 billion baht in investment budget was doled out in the first three months of fiscal 2020, as the months-delayed 3.2-trillion-baht budget bill has yet to be enforced, says a source at the Finance Ministry who requested anonymity.The disbursed budget accounted for 4.4% ...

The new President of the Thai-Chinese Chamber of Commerce, Narongsak Puttapornmongkol, is promoting a policy supporting joint investment, connecting the Belt and Road Initiative and the Eastern Economic Corridor (EEC). He has expressed confidence that Chinese investment in Thailand will grow, as the chamber is ...

The International Finance Corporation (IFC), the private sector investment arm of the World Bank, is considering offering long-term loans for the underground cable conduit project in Bangkok, expected to cost 20 billion baht, says the National Broadcasting and Telecommunications Commission (NBTC).Keep reading ...

The state-run Electricity Generating Authority of Thailand (Egat) has initiated a test of peer-to-peer power trade from solar rooftops, planning to enter the prosumer trade in the coming years.Governor Viboon Rerksirathai said Egat installed solar panels on top of its headquarters in Nonthaburi to conduct ...

The Bank of Thailand (BOT) has said it would expand the QR cross-border payment to three Asean countries — Singapore, Myanmar and Cambodia — and the service was expected to begin in the middle of this year, BOT assistant governor for payment systems policy and ...

The Ministry of Tourism and Sport has introduced the idea of collecting fees from international visitors for the renovation of tourism attractions and natural resources, as well as providing insurance benefits specifically for tourists.The Tourism Ministry recently held its first workshop to gather opinions from ...

Most people spend on average three and half hours to eight hours a day online, with the four main activities being entertainment, connection, reading news and work or school matters, Dr Phnom Kleechaya, an assistant professor at the Faculty of Communication Arts at Chulalongkorn University, ...

Thailand aims to improve its ranking in “Ease of Doing Business” in 2021, Krisda Jinawijarana, director-general of Customs Department, said on Friday (February 7). He said the department was making improvements in five areas.“The Customs Department is committed to improving Thailand’s infrastructure and procedures in ...

The consumer price index representing the cost of inflation stood at 102.78 points in January, 1.05 per cent more than in December and the highest in eight months, Pimchanok Wonkorporn, director of the Trade Policy and Strategy Office, reported this week.She attributed the increase to ...

We now see downside risks to Thailand’s growth outlook in 2020, given the impact from the coronavirus outbreak on the tourism industry and broader economic sentiment.Our core view is Thai economic growth would rebound to 3.0% this year, following an estimated 2.5% expansion in 2019. ...