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…
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…
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…
PM orders government sector to create online data platform accessible by public BANGKOK (NNT) – The Prime Minister has ordered government agencies to create an online platform, collecting government’s missions, services and other works that are beneficial and can be accessed by citizens. Government Deputy Spokesperson Traisulee Traisaranakul revealed that Prime Minister General Prayut Chan-O-Cha…
Most People Support Government’s Travel Incentive Measures BANGKOK (NNT) – A survey by Suan Dusit Rajabhat University, or Suan Dusit Poll has found that a majority of people agree with the government’s measures to stimulate domestic travel and the economy. According to the poll conducted online on March 29-April 1 on 1,265 people throughout the…
Government Will Maintain Vat Rate at 7% BANGKOK (NNT) – The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent. Government Spokesman Anucha Buraphachaisri said Thailand had set the VAT rate at 10 per cent under the Revenue Code…