The government believes its new Made-in-Thailand campaign, which promotes the use of locally made products in state projects, can create domestic economic value of 1.77 trillion baht. The scheme is meant to help local businesses, including small and medium-sized enterprises (SMEs), through state procurement projects. Factory operators and workers should also benefit from the scheme, said […]
Read MoreThe number of Thai households shopping online has shot up 58 per cent during the Covid-19 pandemic, which has accelerated the region’s shift to e-commerce. The dramatic rise in households buying online signals a turning point for e-commerce in Asia, says global marketing research firm NielsenIQ. “We have entered the end of the beginning of […]
Read MoreThe badly battered lodging business is stirring to life, roused by hotel owners and investors betting that bookings will pick up when Covid-19 vaccines become widespread and more Americans itch to travel again. The past year was by many measures the industry’s worst, marked by employee furloughs, plummeting occupancy rates and the evaporation of most […]
Read MoreShare prices of Thai cosmetics and food firms jumped on Wednesday after announcements about the research and manufacture of cannabis-based products, as consumer goods companies rush to be first movers in a new market segment. Cosmetic and supplements producer, DOD Biotech Plc, saw share prices climb as high as 11.6% after it said it would […]
Read MoreThe goverment is aiming to achieve economic growth of 4% this year, with a recovery expected in the fourth quarter of the year, amid expectations that easing coronavirus restrictions will bring in tourism income, Finance Minister Arkhom Termpittayapaisith said on Wednesday. The tourism-reliant economy contracted 6.1% last year, its deepest decline in over two decades, […]
Read MoreThe cabinet on Tuesday approved a fiscal 2022 budget of 3.10 trillion baht, with a deficit of 700 billion baht, which is 91 billion or 15% higher than fiscal 2021. Sommai Lakananuruk, deputy secretary-general of the Budget Bureau, said the fiscal 2022 budget, starting from Oct 1 this year, would be 186 billion baht or […]
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Thailand
