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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

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

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

Finance minister adamant on Thailand's fiscal stability

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

» Finance Minister Arkhom Termpittayapaisith insists Thailand still has enough fiscal stability to support the government to grow the economy despite the double whammy of soaring food and oil prices driven by strong demand and the Russia-Ukraine war.

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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.

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

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.

BUSINESS

State feels existing EEC target can be met

Business, Chatrudee Theparat, Published on 07/03/2022

» The rapid spread of Omicron infections and the escalating Russia-Ukraine conflict are expected to affect the country's investment prospects this year, but the government remains optimistic that investment in its flagship Eastern Economic Corridor (EEC) can reach 2.2 trillion baht over the next five years as projected.

BUSINESS

Think tank recommends metaverse to pace economy

Business, Chatrudee Theparat, Published on 08/03/2022

» The government should pay more attention to metaverse development as a potential technology to help rehabilitate the Thai economy, says the National Economic and Social Development Council (NESDC).

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THAILAND

Energy costs prompt crisis talks

News, Chatrudee Theparat, Published on 09/03/2022

» The National Energy Policy Committee (NEPC) will on Wednesday discuss measures to deal with soaring energy prices, including efforts to maintain the cap on diesel prices at below 30 baht a litre.