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…
Thailand promotes bioeconomy Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources and waste products to make value-added products, to support the country’s ambitious plan to make Thailand the biochemical industry hub of ASEAN by 2027. Bangkok (VNA) – Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources…
Pandemic has washed away Pattaya’s “soapy” massage parlours While the Covid pandemic has hit Thailand’s businesses hard, it has also washed away its not-so-legal soapy massage parlours after tourism has dried up its clientele. Such places, known as glorified brothels, have left many masseuses out of work as boards have barricaded the once booming establishments.…
Huawei Empowers Thailand to Embrace it full ASEAN Digital Hub Potential with Technology Synergy By Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd. Digital Economy accelerates global growth Digital economy represents the new growth engine for markets worldwide. According to global studies, a 20% increment in digital economy can bring up to 1% GDP increase.…
Bank of Thailand takes action to curb Thai baht’s strength The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas…
Hotel investment group launches world’s first “green” hotel fund Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification…
Modest rebound ahead, with 3.9% growth in 2021 Thai economy showing faint signs of life but revival of tourism will remain the key. Thailand’s economy is set for a modest recovery over the coming years from its recession in 2020. The economy has struggled amid the Covid-19 pandemic as its high reliance on external demand…
Thai central bank announces series of measures to contain baht rise BANGKOK (CNA) – Thailand’s central bank unveiled yesterday new measures aimed at balancing capital flows after warning a rapid jump in the baht risked undermining the economy amid renewed inflows into emerging markets. The Bank of Thailand will allow Thais to freely deposit and…
S&P keeps BBB+ Thai credit rating The Finance Ministry is confident the Thai economy will steadily recover after Standard & Poor (S&P) Global Ratings kept the kingdom’s sovereign credit rating at BBB+. Finance Minister Arkhom Termpittayapaisith said S&P not only maintained Thailand’s sovereign credit rating but also rated its economy as having a Stable Outlook.…
CESA okays TAT’s stimulus measures The Centre for Economic Situation Administration (CESA) has approved tourism promotion and stimulus measures proposed by the Tourism Authority of Thailand (TAT) to lure back foreign tourists to Thailand. The measures comprise special tour packages and the approval for Thailand Elite Card holders to invest in property and other investments.…