Showing 1 - 10 of 57
Warning over minimum wage increase
Phusadee Arunmas, Published on 29/04/2024
» The University of the Thai Chamber of Commerce (UTCC) said that if the government raises the minimum daily wage to 400 baht nationwide, it may lead to GDP growing at at a rate below 2.6% and increase the rate of inflation to 3%, affecting consumer purchasing power.
Bank of Thailand urged to cut rates as smaller firms continue to suffer
Business, Phusadee Arunmas, Published on 30/01/2024
» Thailand's economic situation is worse than expected and the Bank of Thailand (BoT) is being urged to cut interest rates on commercial bank loans to reduce the burden of small and medium-sized enterprises (SMEs).
Ministry scales down headline inflation forecast to 1-1.7%
Business, Phusadee Arunmas, Published on 06/10/2023
» The Commerce Ministry has trimmed its headline inflation forecast for this year to a range of 1-1.7%, with an average of 1.35%, as it expects headline inflation to dip in the final quarter of the year.
Call for greater government assistance
Business, Phusadee Arunmas, Published on 27/09/2023
» The government has been urged to expedite the development of water sources and to urgently improve the varieties of rice and other key agricultural crops, while it has also been advised that the planned debt suspension scheme should operate with conditions.
Thailand's inequality remains entrenched
Business, Phusadee Arunmas, Published on 27/06/2023
» The Thai economy is suffering from widening inequality, with the proportion of poor people still hovering at 6-8% of the total, particularly in the agricultural sector.
Thailand launches FTA discussions with Efta
Business, Phusadee Arunmas, Published on 22/06/2022
» Thailand expects to take about two years to conclude talks with the European Free Trade Association (Efta) after the two parties agreed to launch negotiations over a potential free-trade deal on Monday.
Renewed negotiations with Efta to start soon
Business, Phusadee Arunmas, Published on 20/06/2022
» Thailand is scheduled to announce on Monday the start of negotiations with the European Free Trade Association (Efta) to improve trade, services and investments.
RCEP begins as SMEs hold breath
Business, Phusadee Arunmas, Published on 01/01/2022
» After much deliberation, the Regional Comprehensive Economic Partnership (RCEP) trade pact is expected to become effective today.
Slew of FTA negotiations set to take place next year
Business, Phusadee Arunmas, Published on 26/11/2021
» Thailand aims to embark on talks on new free trade agreements with the European Union (EU), the Eurasian Economic Union (EAEU) and the European Free Trade Association (Efta) and vows to accelerate ongoing FTA talks with Turkey, Pakistan and Sri Lanka.
Thailand ratifies RCEP pact
Business, Phusadee Arunmas, Published on 01/11/2021
» Thailand has already submitted the ratification for the Regional Comprehensive Economic Partnership (RCEP) trade pact and reaffirmed that the world's biggest free trade deal will come into force on Jan 1 next year as scheduled.