With large-scale industries reluctant to invest in the border special economic zones (SEZs), Deputy Prime Minister Somkid Jatusripitak has assigned government agencies to come up with more measures and incentives to draw investment from small and medium-sized enterprises (SMEs). Mr Somkid said the Board of Investment (BoI), the Industry Ministry and the National Economic and […]
Read MoreIt’s been over two years since the government laid a foundation for electric vehicle (EV) production in the country. The scheme has garnered 20-30 investment applications, covering car assembly, vital parts manufacturing and EV charging stations. The Board of Investment (BoI) has yet to grant investment incentives to all applicants, saying it’s considering many for […]
Read MoreFinance Minister Uttama Savanayana plans to propose policies targeting the grassroots economy, including expanding the benefits under the welfare card scheme and promoting e-commerce in the agricultural sector. Members of the Palang Pracharat Party, the largest in the governing coalition, congratulated Uttama on his position as the new finance minister on Friday. With the government’s […]
Read MoreThailand’s GDP is set to grow by less than 4% this year and next after the first-quarter growth downturn and the sharp export slowdown provided a backdrop of subdued momentum going forward, says the Asian Development Bank (ADB). “The growth forecast for 2019 is downgraded to 3.5% to reflect the lower growth outcome in the […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook’s digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed. The social media giant’s Libra stablecoin would give more opportunities to Thais in financial access, he said, but the digital coin’s […]
Read MoreTHAILAND’S consumer sector will be led by food and beverage in the second half of 2019, on relatively strong food inflation and a pick-up in drinks consumption, a report has said. As the increase in food and non-alcoholic drink costs continues to outpace headline inflation, Nomura research analysts Thanatcha Jurukul and Rajesh Kumar are banking […]
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