Thailand’s exports affected by COVID-19 World

Thailand’s exports affected by COVID-19

The COVID-19 crisis has resulted in a serious labour shortage in factories, and hard hit Thailand’s exports, its main economic engine, according to CEOs surveyed by the Federation of Thai Industries (FTI).
JSCCIB cuts Thailand’s GDP growth forecast World

JSCCIB cuts Thailand’s GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year.
Thailand's economy affected by third wave of COVID-19 World

Thailand's economy affected by third wave of COVID-19

Thailand’s GDP growth may dive to 1.6 percent if the government fails to stimulate its economy reeling from the third wave of COVID-19 infections, according to the University of the Thai Chamber of Commerce (UTCC).
Thailand unveils digital roadmap World

Thailand unveils digital roadmap

The Digital Economy Promotion Agency (DEPA) has introduced its digital blueprint for Thailand as a driver of digital transformation, to cope with rapid changes in technology, consumer behaviour and the business environment.
Thailand warns risk of increasing jobless amid economic woes World

Thailand warns risk of increasing jobless amid economic woes

The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.
Thailand supports SMEs to expand overseas World

Thailand supports SMEs to expand overseas

The Federation of Thai Industries (FTI) and the Bank of Thailand (BoT) have agreed to launch new measures for Thai small and medium-sized enterprises (SMEs) to encourage them to expand overseas.
Thailand looks to become digital innovation hub in ASEAN World

Thailand looks to become digital innovation hub in ASEAN

The Digital Council of Thailand (DCT) is working with the Federation of Thai Industries (FTI) to turn the country into a digital innovation hub in ASEAN through development of data centres and artificial intelligence (AI) capability.
Thailand needs to restructure to promote trade, investment: official World

Thailand needs to restructure to promote trade, investment: official

Thailand needs to restructure the export, import and investment sectors to cope with mounting external risks, particularly from the ongoing trade war, the Brexit impasse and the international geopolitical situation, said Boonyarit Kalayanamit, permanent commerce secretary.
Thailand: companies back circular economy at Eco Innovation Forum 2019 World

Thailand: companies back circular economy at Eco Innovation Forum 2019

The Thai Ministry of Industry, the Industrial Estate Authority of Thailand, the Water and Environment Institute for Sustainability, and the Federation of Thai Industries have held the Eco Innovation Forum 2019, on the theme ‘The Economy: Way to a Smart and Sustainable Eco Industrial Town,’ raising awareness in the industrial sector of the circular economy concept in eco industrial town development to maximise efficiency in resource consumption.
Thailand works to shift away from plastic World

Thailand works to shift away from plastic

The Thai Packaging Association (TPA) has announced that Thailand’s packaging and printing industries are shifting away from plastic and utilising more bio-flexible products in line with the government's policy to ban plastic packaging in the future.