Thailand ready to sign RCEP in mid-November

Thailand ready to sign RCEP in mid-November Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle of this month, said the Bangkok Post on November 7. Bangkok (VNA) – Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle…

Thailand BOI Approves New electric vehicles (EV) Package

Thailand BOI Approves New electric vehicles (EV) Package The new promotional package, which replaces the first EV package which expired in 2018, covers a comprehensive range of electrical vehicles, namely passenger cars, buses, trucks, motorcycles, tricycles, and ships. The Thailand Board of Investment (BOI) today approved the roll out of a comprehensive set of incentives…

Thailand’s E&E, Food, Auto and Medical Sectors Lead Jan-Sep Rise in Investment, BOI Applications Data Shows

Thailand’s E&E, Food, Auto and Medical Sectors Lead Jan-Sep Rise in Investment, BOI Applications Data Shows BANGKOK, Nov. 5, 2020 /PRNewswire/ — Sustained commitment to Thailand by both foreign and local companies resulted in a slight increase in the number of investment applications in the January-September period to 1,098, as firms in targeted sectors including electrical and electronics (E&E),…

FPO upgrades 2020 GDP decline to 7.7%

FPO upgrades 2020 GDP decline to 7.7%

FPO upgrades 2020 GDP decline to 7.7% GDP contraction is projected to be less severe than previously estimated based on a recovery among Thailand’s Asian trading partners, without factoring in domestic political turbulence, says the Fiscal Policy Office (FPO). The FPO’s latest economic forecast upgrades GDP contraction this year to 7.7% from a 8.2% decline…

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IMF inches up Thailand’s GDP forecast from -7.7% to -7.1%

IMF inches up Thailand’s GDP forecast from -7.7% to -7.1% The International Monetary Fund’s (IMF) has revised up Thailand’s economic outlook to a 7.1 percent contraction, from a 7.7 percent decline, due to the government’s measures to support the business sector. The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to…

Pandemic, 5G drive up gaming interest

Pandemic, 5G drive up gaming interest The pandemic and 5G roll-out are expected to drive up the number of gamers in Thailand, though economic woes still weigh on their spending per person, says one of the promoters of Thailand Game Show 2020, scheduled for next month. “The pandemic ushers in positive aspects and challenges in…

The future of digital TV in Thailand

Thais, Russians aim for US$10bn in trade by 2023

Thais, Russians aim for US$10bn in trade by 2023 Thailand and Russia have agreed to raise bilateral trade to US$10 billion in 2023, in part to help reboot the economy after the Covid-19 outbreak. Speaking after Thursday’s video conference with Vladimir Ilichev, Russia’s deputy minister of the Economic Development Ministry, during the fourth meeting of…

Thailand warms to China’s ventures

Thailand warms to China’s ventures The Chinese government is ready to enable an expansion of investments in Thailand and connect its Guangdong-Hong Kong-Macau Greater Bay Area (GBA) with the Thai government’s flagship Eastern Economic Corridor (EEC), Chinese Foreign Minister Wang Yi pledged on Thursday. The GBA is a megalopolis, also known as the Pearl River…