Economy and industry

Thailand needs to rev up both public and private investment, including infrastructure development as well as the promotion of the tourism and service sectors, to boost economic growth this year, Deputy Prime Minister Somkid Jatusripitak told a business seminar on Wednesday.The central bank estimated 2019 ...

In March last year, the World Economic Forum (WEF) launched the fifth edition of their Energy Transition Index (ETI), ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report considered both, the current ...

The Electricity Generating Authority of Thailand (Egat) will in June pitch to the Cabinet a plan for an energy innovation joint venture with private partners.Egat governor Viboon Rerksilathai said Egat proposes to hold a 40-per-cent stake in the venture, with the Ratch Group and Electricity ...

Thailand’s 2019 was a big year, dominated by the March election and its fallout as well as its chairmanship of ASEAN. But 2020 is shaping up to be even larger, with no signs of the drought affecting much of the country ending and the Mekong ...

Consumer confidence continued to decline in December, to the lowest level since May 2016, as the public fretted over the economic slowdown, mounting political instability and global uncertainty.The University of the Thai Chamber of Commerce (UTCC) on Friday reported that the consumer confidence index fell ...

The state-run Electricity Generating Authority of Thailand (Egat) has been ordered to reduce power tariffs for low-income earners and small and medium-sized enterprises (SMEs) to help with their living and operating costs, says Deputy Prime Minister Somkid Jatusripitak.Mr Somkid visited Egat on Thursday and met ...

As much as 99 billion baht is set to be channelled to Village Funds this year, as the government wants to beef up the local economy.The figures include 14 billion baht for projects and the 75 billion baht in debt suspension for members of the ...

Apart from the baht getting stronger, Thai exports will suffer another big blow when the United States cuts Thailand’s duty-free trade privileges due to the poor protection of workers’ rights.From April, the suspension of trade privileges for Thailand under the Generalised System of Preferences (GSP) ...

A recent geopolitical crisis has raised concerns in the global oil market. The Ministry of Energy has prepared measures to handle the situation in the form of oil reserves and pricing measures to minimize any potential effects on the general public.The Minister of Energy Sonthirat ...

The world has witnessed the emergence of new advanced technologies meant to provide more convenience, boost competence in business operations and offer cybersecurity protection.The technologies, such as robotics, artificial intelligence (AI), cloud computing, blockchain and digital payment, are gathering pace throughout the world.Keep reading ...