Thailand plans economic restructuring to attract foreign investment The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported. Bangkok (VNA) – The Government of Thailand looks to restructure the economy next year to attract…
State data-sharing platform set for 2023 The Digital Economy and Society (DES) Ministry aims to use a centralised data-sharing government platform by 2023 through the Government Data Center and Cloud (GDCC) service as part of efforts to boost public services within a single window for data access. GDCC is the central cloud system to be…
Domestic headwinds hinder recovery Thailand’s economy is projected to recover slowly because of downside risks from domestic headwinds despite upbeat signals about Covid-19 vaccine development, says KKP Research. Although the economy gained traction in the third quarter, the economic recovery outlook remains fragile and uneven for different sectors and throughout Thailand, according to a report…
Thai Industry Demands Tougher Currency Measures to Save Exports (Bloomberg) — Thailand must check the runaway gain in its currency as it makes it harder for exporters to compete in the global market and drive an economic recovery, according to the nation’s largest industry group. Authorities should curb foreign capital inflows if they continue to…
Thai Finance Ministry expects 4 per cent GDP growth in 2021 BANGKOK, Nov 26 — The Finance Ministry of Thailand plans to expand the government’s co-payment economic stimulus scheme while foreseeing a 4per cent economic growth next year, Thai news agency (TNA) reported. Finance Minister Arkhom Termpittayapaisith said that the Thai economy was bottoming out…
Thailand moves to cool baht rally that threatens pandemic recovery [BANGKOK] Thailand will ease rules on capital outflows to cool a currency rally that’s threatening to derail a rebound in exports and the economy’s recovery from the pandemic. “Following the US elections and positive news on Covid-19 vaccine development, investors have turned toward investing in…
US vows more business in Thailand US businessmen have pledged to press on with their investment plans in Thailand and called on the government to maintain momentum in tourism stimulus projects and also ease travel restrictions to help get the economy back on track. Prime Minister Prayut Chan-o-cha on Wednesday met the US ambassador and…
Recovery momentum picks up in Q3 Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house. GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, attributed to an…
Salary increases in Thailand and Singapore expected to be among the world’s highest in 2021 Few countries are expected to see a significant rise in the level of real salary increases in 2021, but there are exceptions to this within the Asia Pacific region Thailand and Singapore are joint-second place in the Asia Pacific rankings…
Thailand’s exports shrink 7.26 pct for Jan-Oct period BANGKOK, Nov 23 — Thailand’s exports contracted 7.26 per cent to US$192.37 billion (US$1=RM4.08) while imports dropped 14.61 per cent to US$169.70 billion in the first 10 months of this year, resulting in a trade surplus of US$22.67 billion. In a statement, the Commerce Ministry’s trade policy and strategy…