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Thailand predicts its economy to grow 1.3 percent this year and 4-5 percent next year
Mr. Arkhom Termpittayapaisith, Minister of Finance of Thailand, delivered a speech at Sustainable Thailand 2021, and stressed the efforts made by the government to help enterprises, workers and other groups tide over the difficulties of the pandemic.
FTA and GSP utilization rate rose by 36.23 percent in the first seven months
Thailand's FTA and GSP-based exports were 44.17804 billion U.S. dollars and 2.21632 billion U.S. dollars, respectively, in the first seven months, totaling 46.39436 billion U.S. dollars, with the utilization rate of FTA and GSP being 77.30 percent, an increase of 36.23 percent.
Thailand's MPI picks up 2.9 pct y-o-y in Jan.-July
According to Minister of Industry Suriya Jungroongroengkij, the manufacturing production index (MPI)rose by 2.9 percent, marking recovery growth of the food industry in the first seven months as a result of the Bubble and Seal measure implemented in factories.
FTI to upgrade five cluster industries
According to Mr. Supant Mongkolsuthree, Chairman of Federation of Thai Industries (FTI).
The SEC Office revises the rules of IPO of foreign companies
According to Ms. Ruenvadee Suwanmongkol, Secretary General of the Office of the Securities and Exchange Commission (SEC), SEC revised the rules of initial public offering (IPO) of foreign companies to enhance the competitiveness of Thailand's capital market.
CPI down by 0.02 percent yoy and core CPI up by 0.07 pct in August
According to the Trade Policy and Strategy Office (TPSO) of the Ministry of Commerce, the consumer price index (CPI) in August dropped by 0.02 percent from last year, marking the second decline since March, as a result of government measures to curb excessive price increase and reduce public burden.
Thailand's MPI picks up 5.12 pct y-o-y in July
According to the Office of Industrial Economics (OIE), Thailand saw its MPI up 5.12 percent to 91.41 in July from the low base last year as a result of the pandemic, but the growth rate has slowed down.
Chuan Leekpai believes deliberation of budget bill on time
H.E. Mr. Chuan Leekpai, President of the National Assembly and Speaker of the House of Representatives said when referring to the deliberation of the budget bill for the 2022 fiscal year, "he believes that the deliberation can be completed within the specified time.
Thai Ministry of Commerce to update the legal person information database
According to Mr. Thosapol Thangsubutr, Director of the Department of Business Development (DBD) of the Ministry of Commerce, DBD is updating the legal person information database to facilitate relevant inquires and contain frauds and profit-making during corporate legal person registration.
Thailand to adopt Bubble and Seal measure in factories
According to Mr. Veeris Ammarapala, Director of the Industrial Estate Authority of Thailand (IEAT), IEAT adopted the Bubble and Seal measure to curb factory pandemic on a meeting with the Ministry of Industry.
Thailand embraces an import growth of 44 pct in June
According to Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit,Thailand saw its exports reaching 2,369.943 million US dollars, up 43.82 percent from last year. The exports of agricultural products grew rapidly, reaching a new high in the past 11 years.
Thailand to introduce the Asset Warehouse project amid COVID-19
According to Mr. Anupap Kuvinichkul, Senior Director, Banking Supervision Department 2, Bank of Thailand, the new Asset Warehouse project has received 959 million baht of funds, a bailout to about 14 business operators.
Analysts downgraded economic growth forecast to 1.3 percent this year and 3 percent next year
In a survey released by the Bank of Thailand in the third quarter, analysts cut their forecast for Thailand's full-year economic growth from 2.5 percent to 1.3 percent in 2021 and from 4 percent to 3 percent in 2022.
Thai Prime Minister to attend the APEC Informal Leaders' Retreat on July 16
Prime Minister and Minister of National Defense, will attend the APEC Informal Leaders' Retreat initiated by New Zealand by video on July 16, Thailand time.
CAB extends relief measures to September
According to Mr. Saksayam Chidchob, Transport Minister and chairman of the Civil Aviation Board (CAB), the 7th meeting of CAB in 2021 proposed to extend the relief measures for airlines to the third quarter.
Thailand sees its ISI falling for the third consecutive month in June
According to Mr. Suphan Mongkolsuthi, Chairman of the Federation of Thai Industries (FTI)), the Thai Industries Sentiment Index (ISI)dropped for the third consecutive month to 80.7 in June, the lowest level since July 2020, slightly lower than 82.3 in May.
The public in favor of the ASEAN-Canada Free Trade Area
A survey on the establishment of anASEAN-Canada Free Trade Area by Bolliger & Company surveyed from June 14 to 29 showed that Thailand will see growths in GDP, investment, exports to and imports from Canada.
The Phuket Sandbox Programrevives the tourism
The Prime Minister and Minister of Defence of Thailand, General Prayuth Chan-ocha, attended a meeting in Phuket on "Policy Directions to Facilitate the Smooth Implementation of Phuket Sandbox Program", and expressed his satisfaction with the implementation of the guidelines of the government.
TTM and GPSC strive to sign MoU to enhance stable power supply
According to Mr. Veerit Amrapal, director of the Industrial Estate Authority of Thailand (IEAT), IEAT stressed the importance of stable regional power supply in driving industrial development and investment in industrial estates.
The Monetary Policy Committee to keep the interest rate at 0.50 pct
The Monetary Policy Committee decided to leave the interest rate policy at 0.50 percent amid the COVID-19-induced recession.
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