Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance minister said on Wednesday. Southeast Asia’s second-largest economy can weather global uncertainties, while average inflation should come in at 6% this year, Arkhom Termpittayapaisith said at a […]
Read MoreTHAILAND’S rate committee raised its key interest rate late last month and said further monetary tightening will be gradual and measured, but can be adjusted if necessary, minutes of the meeting showed on Wednesday. On Nov 30, the Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day repurchase rate by a […]
Read MoreEntrepreneurs under the Federation of Thai Industries (FTI) plan to increase product prices by 5-12% if the government implements its plan to increase the power tariff between January and April next year. The current power tariff, which has been driven by a higher fuel tariff (Ft), stands at 4.72 baht per kilowatt-hour (unit). The Energy Regulatory […]
Read MoreThe cabinet on Tuesday approved the new national logistics development plan (2023-27), aiming to reduce logistics costs to 5% of the country’s GDP from 13.8% in 2021. According to government deputy spokesperson Rachada Dhnadirek, the plan also aims for Thailand to become the trading gateway to the region. The plan focuses on five areas, including […]
Read MoreThe Federation of Thai Industries has warned that product prices will rise if the government approves a planned electricity price hike from next month. FTI chairman Kriangkrai Thiennukul said on Tuesday that increasing the cost of electricity, currently 4.72 baht per unit, would force businesses to gradually increase prices of their products by 5-12%. It would […]
Read MoreOutbound tourism operators are optimistic about the market as Hong Kong announced a further relaxation of rules for individual travellers from Wednesday. By removing its “0+3” curbs, visitors are no longer required to travel with a tour escort and can dine at restaurants or visit theme parks from the first day, as three-day bans on such […]
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Thailand
