Thailand, the world’s third-biggest rice exporter, is expected to meet its target of shipping 6 million tons overseas this year as supply-boosting rains and a weaker currency make the crop more competitive abroad. This year’s target is an increase from last year when the country exported 5.7 million tons of rice, the lowest since 1997. […]
Read MoreThe cabinet has approved measures to attract ‘high potential’ foreigners to stay in Thailand long term, with a five-year target of one million wealthy new residents. Government spokesman Thanakorn Wangboonkongchana said on Tuesday that the cabinet approved in principle economic stimulus and investment measures to draw foreigners with high potential to stay in the country […]
Read MoreMalaysian banks seeking to operate in Thailand under a regional accord can open as many as 40 branches and should have at least 15 billion baht in capital, according to rules unveiled on Tuesday. Lenders must submit their applications to the Bank of Thailand to become a Qualified Asean Bank, Thailand’s Ministry of Finance said […]
Read MoreTourism and Sports Minister Phiphat Ratchakitprakarn has confirmed Bangkok, Chon Buri, Phetchaburi, Prachuap Khiri Khan and Chiang Mai will begin implementing their tourism reopening plans on Oct 1 as planned. The 21 other provinces will follow suit on Oct 15, he said on Tuesday, dispelling doubts over whether the government would be able to proceed […]
Read MoreThe Federation of Thai Industries (FTI) has placed 10 export sectors in four groups based on the advantages they will gain from different stages of the pandemic, ranging from disease transmission to lockdown and slowdown periods. Exports from these sectors will gather momentum if there are no serious interruptions from the contagion’s spread in the […]
Read MoreThe country’s financial system is stable and there are no big issues for the baht, the Bank of Thailand (BoT) said on Monday, adding that one “pain point” was limited access to credit for some businesses from financial institutions. Digital banking will help address a problem of access to credit for small-and medium-sized businesses (SMEs), […]
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