Thailand faces labour shortage due to border closures ASEAN

Thailand faces labour shortage due to border closures

A labour shortage, particularly in manpower-intensive industries such as agribusiness and food processing, is likely to intensify over the long term in Thailand as the COVID-19 pandemic makes it difficult for foreign labourers to move across borders.
Thailand’s July exports drop 11.3 percent World

Thailand’s July exports drop 11.3 percent

Thailand’s exports in July contracted 11.3 percent year on year to 18.81 billion USD, while its imports were valued at 15.47 billion USD, contracting 26.38 percent compared to the same period last year.
Thailand to cut down power generation reserve World

Thailand to cut down power generation reserve

The State-run Electricity Generating Authority of Thailand (Egat) is planning to reduce the power generation capacity reserve to 15 percent from 40 percent of total capacity, in a move to curb high power costs.
Thailand to adjust 20-year national strategy World

Thailand to adjust 20-year national strategy

The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Thailand to launch new economic stimulus package World

Thailand to launch new economic stimulus package

The Thai government is preparing to introduce a fresh economic stimulus package after the second largest economy in Southeast Asia recorded a five-year low in growth last year and faces a possible contraction in the first quarter of this year.
Bank of Thailand upbeat about economic growth in Q3 World

Bank of Thailand upbeat about economic growth in Q3

Thailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, according to the Bank of Thailand.