Chamber pledges economic revival The Thai Chamber of Commerce vows to help revitalise the economy in 99 days under its “Connect the Dots” policy, with faster Covid-19 vaccine distribution at the core. By connecting the dots, the chamber means it will work as a focal point to connect the state and private sector and individuals…
Over 29,000 export items await waiver More than 29,000 Thai export items will receive a tariff waiver from Jan 1 next year under the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal. The agreement was signed by 15 nations in Asia-Pacific, including Thailand in November last year, and needs ratification…
Thailand: Central bank slashes 2021’s GDP growth forecast to 3 percent The Bank of Thailand has slashed its economic growth forecast this year to 3 percent from 3.2 percent made in December, given the impact of the second wave of COVID-19 infections and tepid tourism. Bangkok (VNA) – The Bank of Thailand has slashed its economic growth forecast…
Govt pins economic hopes on post-Covid era Thailand must look to growth opportunities post Covid-19, Deputy Prime Minister Supattanapong Punmeechaow said on Friday. Thailand would be attractive tor foreign investors after the threat of Covid-19 is lifted and growth would be likely in the medical and tourism sectors, he said “Thailand will be interesting for…
Government Expects Bt250 Billion Circulation from Stimulus Packages BANGKOK (NNT) – The government has estimated that the three key economic stimulus packages — the co-payment scheme, the We Win financial aid program and the Section 33 We Love Each Other program — could pump at least 250 billion baht in monetary circulation as of March…
50:50 campaign reaches 100 billion baht transaction milestone BANGKOK (NNT) – The total value of transactions in the government’s 50:50 co-pay campaign has reached 100 million baht. Campaign participants now have until 31 March to use up all their remaining allowance. The Ministry of Finance revealed the government’s 50:50 co-pay campaign for general purchases has…
World Bank supports continued government economic stimulus BANGKOK (NNT) – The World Bank has encouraged the Thai government to continue its economic stimulus measures with a focus on businesses directly impacted by the COVID-19 pandemic such as those in the tourism sector. Senior country economist of the World Bank for Thailand Kiatipong Ariyapruchya has noted…
Chatuchak Market to open weekdays BANGKOK (NNT) – Vendors at Chatuchak Weekend Market in Bangkok will be allowed to sell there on weekdays as well, as part of City Hall’s latest measure to help vendors affected by economic fallout caused by the pandemic. The Bangkok Metropolitan Administration’s (BMA) market office has given a green light…
Commart projecting brisk business New computer technology and flourishing demand for devices to support online work and study amid a supply shortage are expected to drive sales at the IT fair Commart throughout this coming weekend, according to IT vendors. “We believe consumer sentiment has returned following the vaccine rollout, coupled with the government’s financial…
Thai export sector shows signs of recovery as global economy wakes from slumber Thailand’s international trade has been improving in line with the gradual recovery of the global economy, with Thai exports bringing in more than US$20 billion as of February. Though overall exports have dropped by 2.59 per cent year-on-year, export in the real…