Economy and industry

The Transport Ministry will install air purifiers on the roofs of Bangkok buses this month, starting with 387 Bangkok Mass Transit Authority vehicles and fitting trucks as well if the results are good.Minister Saksayam Chidchob said plans were being finalised with the Ministry of Higher ...

The Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal ...

Consumer sentiment keeps falling, with the deadly virus outbreak adding to key concerns in addition to the delayed fiscal 2020 budget, the domestic economic slowdown and political instability.The University of the Thai Chamber of Commerce (UTCC) on Wednesday reported the consumer confidence index dropped to ...

The Joint Standing Committee on Commerce, Industry and Banking has revised downward the country’s gross domestic product (GDP) growth this year to between 2 per cent and 2.5 per cent from the previously forecast 2.5 to 3 per cent.The revision is in line with the ...

Some 30 product items have promising export prospects and need special effort from the government to increase shipments, says the Commerce Ministry’s planning unit.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said agricultural, food and industrial items are among the products, contributing a ...

The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep ...

Thai tour operators are weathering the storm after China imposed travel restrictions on group tours until late next month in a move to control the spread of the novel coronavirus, which the World Health Organisation has declared a global emergency.Keep reading ...

Fewer tourists were seen on Saturday (February 1) at the Temple of the Emerald Buddha or Wat Phra Si Rattana Satsadaram and the adjacent Grand Palace in Phra Nakhon district of Bangkok.One of the most popular tourist attractions in Bangkok has been visited only by ...

Fresh incentives meant to spur private investment of 110 billion baht and add 0.25 percentage points to economic growth sailed through the cabinet on Tuesday.The measures include a corporate income tax deduction of 2.5 times expenditure on machinery, a one-year tax exemption for importing new ...

Cross-border trade fell by 3.4% in 2019, weighed down by the strong baht, volatile foreign exchange and the prolonged trade war.The Commerce Ministry’s Foreign Trade Department said on Tuesday that the country’s overall cross-border trade, including transit trade, amounted to 1.337 trillion baht, falling short ...