Time to rethink future growth channels Double whammy of Covid-19 impact and transition into an aged society requires a proactive investment policy and an overhaul of govt bureaucracy The Thai economy faces a spate of challenges with the latest outbreak compounding the difficulty of recovery efforts. Kla Party leader and former finance minister Korn Chatikavanij…
First lot of pre-ordered Thai durian arrives China BANGKOK (NNT) – First lot of pre-ordered Thai durian arrives China. The first lot of pre-ordered Chanthaburi durians has arrived in China and will further be delivered directly to customers without passing a middleman. Advisor to Minister of Agriculture and Cooperatives, Alongkorn Ponlaboot revealed that on April 28,…
Government to Reduce Thai Rice Export Tax BANGKOK (NNT) – The Cabinet has approved in principle the Commerce Ministry’s plan to reduce surcharges for Thai rice exporters on rice shipments under the EU and UK quotas. Deputy government spokeswoman Rachada Dhnadirek said the export surcharge has been reduced to 1,500 baht per ton for grains bound…
Thai economic recovery trails others in Asia – ADB Developing Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic…
Rating agency’s confidence in Thailand pleases PM Prime Minister Prayut Chan-o-cha has welcomed confirmation by the Japan Credit Rating Agency (JCR) that the Thai economy’s outlook is stable despite the economic impact of Covid-19. The JCR announced on Monday that Thailand had been rated as having a stable outlook and said that reflected the country’s…