Deputy Prime Minister Supattanapong Punmeechaow has called on the public and private sectors to stay positive to help boost the country’s economic recovery next year. “Almost all economic statistics have shown improving trends in the country including household consumption, private consumption, investment, exports, and private investment after the country’s reopening on Nov 1,” Mr Supattanapong […]
Read MoreThe Airlines Association of Thailand (AAT) is urging the government to consider implementing a visa waiver for international travellers to attract more demand as global competition is getting intense. Further loosening of travel rules and costs, such as visa fees or RT-PCR tests, will stir demand, said Puttipong Prasarttong-Osoth, Bangkok Airways president and AAT president. […]
Read MoreE-commerce is set to become the main channel for business next year, with major e-marketplaces enjoying rising profits while local shops and grocery stores fade away, said Pawoot Pongvitayapanu, an e-commerce pioneer. “E-commerce will clearly become the main channel for sales among some businesses in 2022,” said Mr Pawoot, chief executive and founder of Tarad.com, […]
Read MoreThe Bank of Thailand is focused on aiding economic growth amid subdued inflation and is less worried about the US Federal Reserve’s monetary actions, BoT governor Sethaput Suthiwartnarueput said ahead of the bank’s rate meeting next week. “Most of our rate trajectory will be dictated by domestic considerations,” Sethaput said, adding inflation, growth and financial […]
Read MoreHeadline inflation is expected to hit its highest level in a decade next year driven by cost-push factors including rising imported raw materials, a recovery in domestic demand, relatively high oil prices and a labour shortage. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO), Thailand’s headline inflation is likely to […]
Read MoreSince the new, highly contagious Omicron strain was designated a variant of concern by the World Health Organization on Nov 26, many countries have made a U-turn on loosening Covid-19 curbs. Thailand is one of those nations, deciding to shelve the idea of replacing costly RT-PCR tests with more affordable antigen test kits because it […]
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