PM positive Thai economy will grow despite new COVID-19 wave BANGKOK (NNT) – The Prime Minister is optimistic that the Thai economy will continue to grow this year, despite being hit by a new wave of COVID-19, currently being controlled. The Government Spokesman Anucha Burapachaisri has asked members of the public to cooperate with the…
Hong Kong grants certification mark to Thai jasmine rice BANGKOK (NNT) – Thai Jasmine rice has been granted a certification mark in the Cantonese language by the Intellectual Property Department of Hong Kong, to prevent adulteration while stimulating the market. Director-General of the Department of Foreign Trade, Kirati Ratchano, said today that to prevent the…
Thailand gets 100bn baht foreign investment for 2021 fiscal year BANGKOK (NNT) – Despite the new wave of COVID-19 being a major concern in Thailand, the country is still known to be attractive in the eyes of foreign investors. The foreign investment figure from October 2020 to March this year was valued over 100 billion…
Thailand Has Never Used Exchange Rate to Gain Unfair Trade Advantage BANGKOK (NNT) – The Bank of Thailand (BoT) has asserted that it has stepped into the market only to curb volatility in the baht, and Thailand has never used the exchange rate as a tool to gain an unfair trade advantage. BoT assistant governor Chantavarn…
The Thaiger joins forces with Masii to bring you hassle-free Thailand re-entry packages and much more PRESS RELEASE The Thiager and its sister company Tadoo, have announced they will enter a strategic partnership with the Bangkok-based fintech company, Masii. Having joined forces with Masii, The Thaiger aims to provide its 6 million-plus monthly users with exclusive deals…
Thai fruit exports to FTA markets up 107 percent BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom. Thai durian, mangosteen, longan and mango are popular in China, Hong Kong…
Members of ASEAN Community cooperate to address COVID-19 challenges BANGKOK (NNT) – In the face of crises like the COVID-19 pandemic, cooperation between countries is the best response. Thailand is providing COVID-19 test kits to neighboring countries, to protect people’s well-being and to mitigate the social and economic impact in the ASEAN Community. The COVID-19…
All shopping malls nationwide to close at 9pm from April 15 BANGKOK (NNT) – All shopping malls and retailers in the country will close earlier at 9pm from Thursday, April 15 until further notice to help curb the country’s third Covid-19 outbreak. Thai Retailers Association (TRA) President Yol Phokasub said the TRA and Thai Shopping…
Thailand Approves Latest Economic Relief Package for Businesses Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific…
Thai economy will see worst-case scenario from delay of reopening to foreign tourism The Bank of Thailand (BoT) has advised the government to prepare additional financial and fiscal aid packages to protect against uncertainties under the worst-case scenario. The bank projected the Thai economy would recover slowly and unequally in the short term. Reopening the…