Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business. The plan has a budget of 34.9 billion baht and must pass a public hearing and approval by […]
Read MoreState banks are increasing their interest rates following the Bank of Thailand’s policy rate hike. Both the Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC) have raised interest rates for both loans and deposits, with deposit rates higher than loan rates. Vitai Ratanakorn, president and chief executive of GSB, said after […]
Read MoreZero-based budgeting (ZBB) is one of the policies included in the 23-point memorandum of understanding signed by leaders of eight political parties seeking to form a new coalition government following the general election. The Move Forward Party (MFP) proposed the implementation of ZBB to replace the current budgeting practice, arguing that the existing system does not respond […]
Read MoreManufacturers of medical gloves made from rubber latex can expect a continued decline in exports this year, following the easing of Covid-19 infections and a ban on gloves made from natural rubber by some countries, says the Office of Industrial Economics (OIE). The ban resulted from allergies to natural rubber. “Glove exports decreased significantly since last […]
Read MoreThe country’s rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June. According to Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office, inflation in June […]
Read MoreCambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. Chea Chanto, Governor of the National Bank of Cambodia, and Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, attended the launching ceremony in Phnom Penh […]
Read More
Thailand
