The Foreign Trade Department has tightened measures regarding the issuance of a certificate of origin (CO) on Thai products at risk of circumvention by foreign companies. A CO is an international trade document which declares where commodities or goods were manufactured. Pitak Udomwichaiwat, director-general of the Foreign Trade Department, said his body recently announced 42 […]
Read MoreOutbound Thai travel is expected to stay subdued as a result of the weak baht, poor purchasing power and cryptocurrency losses, despite the reopening of Japan and Taiwan. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said enquiries into holidays to Japan soared after last week’s announcement that the country would reopen without visa […]
Read MoreTHAILAND’S economy is expected to grow 3.1 per cent this year, higher than a forecast in June of 2.9 per cent, supported by private consumption and exports, the World Bank said on Tuesday. However, the bank cut Thailand’s growth forecast in 2023 to 4.1 per cent, from a previous outlook of 4.3 per cent. While […]
Read MoreAn interest rate hike of at least 0.5% by the Bank of Thailand’s Monetary Policy Committee (MPC) tomorrow would be enough to shore up the baht, which has depreciated by 11.5% against the greenback this year to date, analysts said. A Reuters’s poll of 25 economists found that nearly 90% of them predicted the central bank […]
Read MoreThe Bank of Thailand will implement an amended guideline on responsible lending within this year to improve borrowers’ debt repayment ability as a part of continued efforts to contain household debt. The amended guideline will cover the full range of areas of household debt procedures, including before loan application, during the loan repayment period and in the […]
Read MoreThailand’s digital services market is expected to be worth more than the hardware sector by the end of this year, with a value of 690 billion baht by 2024, according to a survey by the Digital Economy Promotion Agency (Depa) and research and technology training provider IMC Institute. The survey, conducted last year, examined the revenue […]
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