Showing 1 - 10 of 267
Delay poses risks to the economy
Business, Phusadee Arunmas, Published on 14/07/2023
» The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP.
Premier delay will affect fiscal budget
Business, Phusadee Arunmas, Published on 12/07/2023
» The implementation of the fiscal 2024 budget, starting on Oct 1, will be delayed if the new prime minister and government are not appointed within this month, according to the Budget Bureau.
Private sector lauds speaker choice
Business, Phusadee Arunmas, Published on 05/07/2023
» Business leaders are expecting a smoother path for the Move Forward Party (MFP) and its seven political party allies to form a government and deal with economic challenges after settling on a House speaker.
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.
Tourism firms cash in on travel boom
Business, Phusadee Arunmas, Published on 23/06/2023
» Tourism-related businesses continued to thrive during the first five months of this year, especially foreign currency exchanges, travel agencies, tour guides, restaurants, and hotel, resort and condo companies.
Department clamps down on protected wood shipments
Business, Phusadee Arunmas, Published on 15/06/2023
» The Commerce Ministry has issued two regulations prohibiting the importation of timber, processed wood and wooden artefacts, unless traders hold a certificate of import, in addition to barring phayung (Siamese rosewood) exports.
Ministry told to explore diesel tax cut extension
Business, Phusadee Arunmas, Published on 14/06/2023
» Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.
Parsing the impact of the parched season
Business, Phusadee Arunmas, Published on 14/06/2023
» The effects of the El Niño weather pattern are becoming increasingly evident with the persistence of hot, dry weather and high temperatures despite the official start of the rainy season on May 22, as announced by the Meteorological Department.
Planning unit emerges from the shadows
Business, Phusadee Arunmas, Published on 27/05/2023
» The Commerce Ministry established the Trade Policy and Strategy Office (TPSO) in 2015 primarily to support the development of the economy through trade and economic data.
Victorious parties urged to move fast
Business, Phusadee Arunmas, Published on 16/05/2023
» The business sector is calling for a new government to be quickly established and its policies to be agreed upon by the coalition parties, saying this will greatly affect the country's confidence.