Despite the state planning agency painting a murky picture of exports, the Commerce Ministry remains resolute in its 8% growth forecast for this year and next. Banjongjitt Angsusingh, director-general of the ministry’s International Trade Promotion Department, said Tuesday that exports are relatively strong despite a 5.2% year-on-year decline in September. She predicted that exports would fetch […]
Read MoreSalaries in Thailand are projected to grow 5% this year across industries, according to results from a survey by the global consultancy Mercer. The automotive sector was projected to have the highest salary increases at 5.5%. Ake Ayawongs, chief executive and partner of Mercer Thailand, said the future of work in the digital era poses […]
Read MoreTHE EXPLOSIVE growth of tourism industry has been a boon for the Thai economy. Representing about one-fifth of the economy, exports of services have been growing at the compound annual rate of 10.6 per cent since 2012, three times the GDP growth rate in the same period. As a result, tourism has contributed more than […]
Read MoreTHE BOARD of Investment (BoI) maintains its Bt300 billion total investment target in the Eastern Economic Corridor (EEC) by the year-end and is releasing new investment packages to woo investors. In the first nine months of this year, Bt230.55 billion has been invested in the EEC, showing an increase of up to 117 per cent […]
Read MoreThird-quarter economic growth surprised, with a flat reading from the previous quarter, the weakest since the first quarter of 2014 when the economy shrank 0.4%, as exports and tourism cooled. The National Economic and Social Development Board (NESDB) reported Monday that the country’s GDP showed no growth in the third quarter from the second, on a seasonally […]
Read MoreCommerce Minister Sontirat Sontijirawong ordered the Department of Intellectual Property (DIP) to reject a patent request for cannabis extracts, after facing pressure from an advocacy group. It was one of the 11 patent requests earlier lodged with the DIP, he said. Of the 11 requests, two have already been withdrawn. Deliberation of the other eight were […]
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Thailand
