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Thailand's October MPI falls 0.54 percent
Thailand's Manufacture Production Index (MPI) was 95.72 in October 2020, down 0.54 percent from last year and 2.15 percent from previous month with an overall contraction of 10.33 percent from January to October, Thongchai Chawalitphichet said, the Director-general, Office of Industrial Economics.
Thailand to encourage a smart government amid digital technology
Thai Prime Minister and Defense Minister Prayut Chan-o-cha presided over the opening ceremony of Gov Cloud 2020: The Future of Digital Government and delivered a speech.
Huawei Technologies Thailand to invest 23 mln USD in new data center
Huawei Technologies Thailand on Wednesday announced plans to invest 700 million baht (23 million U.S. dollars) in establishing its third data center in Thailand in the year 2021 as part of the tech powerhouse's effort in supporting Thailand to be become a digital hub of the ASEAN.
Ministry of Commerce wants Thailand's export to China expanded under the BRI
Jurin supported China's interconnectivity strategy under the Belt and Road Initiative (BRI) and urged the use of the connectivity facilities of ports around Beibu Gulf to boost two-way logistics and broaden the export channels of Thai goods to China, Central Asia and even Europe.
Thailand plans to reduce COVID-19 quarantine to 10 days
Thailand’s deputy prime minister and minister of public health Anutin Charnvirakul announced that the first batch of tourists with STVs from Chinahad been tested for COVID-19 before departure and would undergo the 14-day quarantine after arrival, and required intensive care for those tourists.
Thai central bank to ease overseas investment rules to temper Thai baht
The Thai central bank on Wednesday said in its weekly press conference that it will ease overseas investment rules by early next year, allowing more capital outflow, to temper down the strong Thai baht currency.
Thailand Cabinet Approves Three Programs to Bolster Consumption
Three programs have been approved by the cabinet meeting, i.e. national welfare card recharge, "co-payment" program and "shopping for rebate" program. More programs for special groups are to be expected.
Belt and Road Countries -- Thailand
China and Thailand signed a Memorandum of Understanding (MOU) for cooperation on the Belt and Road Initiative (BRI) on September 4, 2017.
Thailand OAE and OADR Apply AI Technology in Agricultural Research to Meet EEC Demand
The Office of Agricultural Economics (OAE) and the Office of Agricultural Development Research (OADR) of Thailand signed a memorandum of understanding (MOU) on partnership.
Thailand's August headline CPI drops 0.50 percent
According to the Trade Policy and Strategy Office at Ministry of Commerce, Thailand's consumer price index (CPI) in August 2020 reached 102.29, down 0.50 percent from a year earlier, after a 0.29 percent rise in July and an average decline of 1.03 percent from January to August.
RAOT sees Thailand a global production center for rubber gloves
The Minister Chalermchai Sri-on ordered Rubber Authority of Thailand to accelerate the"agricultural production+commercial marketing" pattern to make Thailand a global production center for rubber gloves.
Thailand's economy heads into a continued recovery in July
The Bank of Thailand (BOT) announced that Thailand's economy continued to improve in July 2020 driven by increased public spending and lifted lockdown measures, both in Thailand and abroad.
Thailand to issue B50bn of government savings bonds on August 25
The Finance Ministry's 50-billion baht government savings bonds will be sold to the public from next week to give taxpayers more investment alternatives, Patricia Mongkhonvanit said, Director General of the Public Debt Management Office.
Thailand's energy consumption drops 10.1 pct in H1
Energy consumption in Thailand dropped 10.1 percent in the first half of 2020 due to the impacted industrial chain by COVID-19, reduced energy demand and stagnant domestic economic growth,said the Energy Policy and Planning Office (EPPO) Director-General Watanapong Kurowat.
Thai Internet content operation turns to China's online entertainment market
China's online entertainment development in the post-COVID world, showing an increasing Internet usage for entertainment purposes from December 2019 to March 2020.
CCI rises for the third consecutive month to 50.1 in July
The Center for Economic and Business Forecast of the University of the Thai Chamber of Commerce announced that the consumer confidence index (CCI) rose for the third consecutive month to 50.1 in July 2020 from 49.2 in June.
Agricultural GDP of Thailand falls 5.1 percent in H1, and full-year contraction forecast at 1.3-2.3 percent
Ms. Tassanee Muangkaew, the OAE assistant Secretary-General, announced that the agricultural economy in the first half of 2020 had a year-on-year decrease of 5.1 percent and predicted a favorable development of agricultural economy in the whole year.
Thailand still dominates in Hong Kong's fragrant rice market
MOC is trying hard to implement Deputy Prime Minister and Commerce Minister Jurin Laksanawisit's policy on maintaining and expanding overseas Thai rice markets.
A 90 percent cut on land and building tax ahead, says Thai PM
The cabinet has approved today a royal decree on the cut of the tax on land and buildings by 90 percent of the amount due for the 2020 tax year, said Thai Prime Minister and Defense Minister Prayut Chan-o-cha.
Thailand to set up fund worth 50 billion baht for SMEs
The Fiscal Policy Office (FPO) of the Ministry of Finance is preparing a proposal to set up a fund for small and medium-sized enterprises (SMEs) with a total value of up to 50 billion baht to help those unable to obtain soft loans from the Bank of Thailand (BOT).
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