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BUSINESS

Panel to mull wage hike proposal

News, Chatrudee Theparat, Published on 25/03/2022

» Members of the tripartite national wage committee are expected to meet later this year to consider a proposal calling for the government to increase the daily minimum wage rate in response to the increase in living costs in the kingdom, Labour Minister Suchart Chomklin said on Thursday.

BUSINESS

Study trims growth to 3% if crude averages $150

Business, Chatrudee Theparat, Published on 25/03/2022

» Thai economic growth may fall to 3% this year if the Dubai crude oil price averages US$150 per barrel, according to a joint study by the government's planning unit, the Bank of Thailand and the Fiscal Policy Office.

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BUSINESS

Cabinet okays EEC smart city deal

Business, Chatrudee Theparat, Published on 23/03/2022

» The cabinet approved a smart city development on Tuesday, the fifth flagship infrastructure project in the Eastern Economic Corridor (EEC), with investment worth a combined 1.34 trillion baht over 10 years.

BUSINESS

EEC Office says aid schemes need rejig

Business, Chatrudee Theparat, Published on 22/03/2022

» The government may need to rejig its financial assistance policies involving low-income earners, farmers, employees, self-employed workers, micro-businesses, and small and medium-sized enterprises, as many of them still fail to obtain the government's financial packages and other assistance, says the chief of the Eastern Economic Corridor Office (EEC Office).

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BUSINESS

NESDC warns rapidly ageing society likely to hit economy

Business, Chatrudee Theparat, Published on 21/03/2022

» The increase in elderly among the Thai population and declining birth rate are expected to hinder the country's future economic expansion, according to a new study by the government's planning unit.

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BUSINESS

More subsidies coming as oil crisis hits poor

Business, Chatrudee Theparat, Published on 17/03/2022

» The government plans to roll out measures including additional subsidies on liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) to help alleviate the impact of soaring energy prices on low-income earners.

THAILAND

Prayut orders SOEs to smarten up

News, Chatrudee Theparat, Published on 17/03/2022

» Prime Minister Prayut Chan-o-cha has ordered state-owned enterprises (SOEs) to revise their development plans for 2023-2027 to focus on making more money and help offset various crises.

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BUSINESS

Cabinet ups Oil Fund borrowing

Business, Chatrudee Theparat, Published on 16/03/2022

» The cabinet on Tuesday approved lifting the borrowing limits for the state Oil Fund to allow for management flexibility, a move that offers the government more room to cope with surging fuel prices caused by the Russia-Ukraine conflict.

THAILAND

More relief due from energy prices

News, Chatrudee Theparat, Published on 16/03/2022

» More measures aimed at relieving the impact of rising energy prices are expected to be announced by state agencies this week as the 1.5-trillion-baht fund for Covid-19 relief schemes is running low.

BUSINESS

Perks for 7 EEC zones to be introduced soon

Business, Chatrudee Theparat, Published on 14/03/2022

» Details of special incentives for seven economic zones in the government's flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days.