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Key industrial body opposes government's THB400 minimum wage plan
Key industrial body opposes government's THB400 minimum wage plan
WEDNESDAY, MAY 08, 2024
A major business organisation representing key sectors of the economy is opposing the government’s plan to raise the daily minimum wage to 400 baht across the board nationwide.Govt Savings Bank forgives another 90,000 small loans
Govt Savings Bank forgives another 90,000 small loans
WEDNESDAY, MAY 08, 2024
The Government Savings Bank has decided to forgive the non-performing loans (NPLs) of another 90,000 self-employed workers suffering from the economic fallout of the pandemic.Thailand tackles electric vehicle disposal amid market boom
Thailand tackles electric vehicle disposal amid market boom
WEDNESDAY, MAY 08, 2024
As Thailand’s electric vehicle market booms due to government subsidies, the proper disposal of end-of-life vehicles (ELV) is increasingly crucial to minimise environmental impact and maximise reuse of remaining components.Thailand and Vietnam battle it out for rice export ranking
Thailand and Vietnam battle it out for rice export ranking
WEDNESDAY, MAY 08, 2024
Thailand and Vietnam are racing for second place as the world’s top rice exporter this year, as India, although still in first place, could see a significant drop in rice exports year on year due to internal policies, the Thai Rice Exporters Association (TREA) said on Tuesday.Chambers, trade groups jointly oppose 400 baht minimum wage
Chambers, trade groups jointly oppose 400 baht minimum wage
TUESDAY, MAY 07, 2024
Chambers of commerce and labour-intensive trade associations across the country say they oppose increasing the minimum wage to 400 baht nationwide, citing economic disparities and varying business readiness across provinces and industries, which could impact the country's competitiveness.Govt mulls transfer of debt from 1997 financial crisis to BOT
Govt mulls transfer of debt from 1997 financial crisis to BOT
MONDAY, MAY 06, 2024
Over the past 8 months as Prime Minister, Srettha Thavisin has held differing views from the Bank of Thailand (BOT) on various issues. These differences include the digital wallet initiative and the perceived independence of the BOT, which the government sees as a hindrance in addressing economic issues.Rift between PM and central bank gets wider
Rift between PM and central bank gets wider
MONDAY, MAY 06, 2024
Since taking office, Prime Minister Srettha Thavisin has set his government several challenges, among them to achieve an average economic growth rate of at least 5% per year over five years and stimulating the economy through a handout of 10,000 baht to the people (the digital wallet project), totalling 5 trillion baht.Thai exports in March drop 10.9% year on year
Thai exports in March drop 10.9% year on year
SATURDAY, MAY 04, 2024
Thai exports in March dropped 10.9% year on year, the first decline in eight months, because of negative sentiments on the economy, the Trade Policy and Strategy Office (TPSO) said on Saturday.Techsauce reveals strategy to make Thailand tech, innovation hub
Techsauce reveals strategy to make Thailand tech, innovation hub
SATURDAY, MAY 04, 2024
Technology ecosystem builder Techsauce unveiled strategies, pioneering public-private collaboration to drive Thailand as the technology gateway to Southeast Asia on Friday.Thailand's beauty market expects only modest growth
Thailand's beauty market expects only modest growth
SATURDAY, MAY 04, 2024
Thailand's beauty market is expected to grow only modestly this year because of negative sentiments such as intense competition, rising material and transportation costs, and a decline in purchasing power.Thailand private sector seeks more access to India’s growing economy
Thailand private sector seeks more access to India’s growing economy
SATURDAY, MAY 04, 2024
Thailand’s private sector urged the government to negotiate more free-trade privileges with India to expand markets for Thai products after statistics showed the south Asian country could be one of the largest potential trade partners.Thailand emerging as a hub for data centres, cloud services, says BOI
Thailand emerging as a hub for data centres, cloud services, says BOI
SATURDAY, MAY 04, 2024
Thailand has the potential to become a digital hub as 18 technology firms have received 77.79 billion baht in investments, the Board of Investment (BOI) said on Saturday.Thailand needs to develop digital talent to ensure competitiveness
Thailand needs to develop digital talent to ensure competitiveness
SATURDAY, MAY 04, 2024
Several experts have urged the government to accelerate the acquisition of digital literacy by Thais to boost the country's digital competitiveness.