Business

BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence index and domestic spending, showing positive signs. Purchasing power is mainly driven by the government’s measures to help mitigate the adverse impacts…

In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects the fragile economic recovery. The baht has strengthened by 4.3%…

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week. Once agreed, the RCEP, known as the Regional Comprehensive Economic Partnership (RCEP)…

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal. CP Group…

BANGKOK (NNT) – Aid measures, and the fifth phase easing of COVID-19 restrictions, allowed consumer confidence to improve last month, the third month in a row, to 50.1 points from 49.2 in June. The President of the University of the…

The Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce (UTCC) has predicted that the Thai GDP this year will shrink between 9.4 to 11.4 percent due to the COVID-19 pandemic. The coronavirus…

In June 2020, Thailand’s government approved new amendments to the Civil and Commercial Code (CCC) to simplify the process of setting up and conducting business in the country. It is anticipated that the proposed amendments will become law towards the…

Thailand’s Prime Minister Prayut Chan-o-cha approved an extension of the state of emergency for another month, maintaining that such an extension has nothing to do with anti-government protests. The state of emergency is due to expire at the end July,…

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which…

The first wave of the COVID-19 outbreak in Thailand has come to an end after the country has not seen a case of local or community infection for 44 consecutive days, according to Thailand’s Disease Control Department. Dr. Anupong Sujariyakul,…