The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is preparing to hold discussions with the Bank of Thailand, the National Economic and Social Development Council (NESDC), the Finance Ministry and the Commerce Ministry to realign economic priorities given the limited available resources, with a focus on the next 6-12 months.
Thailand is on the list of 15 countries that could be affected by Trump’s tariff policy. The average US tariff on Thai imports is 2% while Thailand levies an average tariff of 8% on US products
A four-pronged approach has been designed to build business confidence, expand trade opportunities, and enhance Thailand's competitiveness on the international stage.
The Thai Chamber of Commerce (TCC) has said it backs the decision by the Bank of Thailand, the country's central bank, to maintain the policy interest rate at 2.25%, considering the move as suitable for a reviving economy.
The largest food exhibition of the Republic of Korea (RoK) has marked its first overseas expansion at the IconSiam shopping mall in Bangkok in a bid to promote cultural exchange and strengthen the relationship between two countries.
Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce.
Thailand has set up war rooms staffed by senior officials of the Ministry of Commerce and representatives from private organisations to spur exports, tackle obstacles to trade, and curb the negative impact of a global economic slowdown in 2023.
Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery.
The Thai Chamber of Commerce (TCC) has emphasised the need for more migrant workers in various sectors to help the Thai economy recover from the pandemic.
The prospect for Thailand's food export is promising, with exports forecast to grow by 8.4 percent this year driven by higher global demand and a rise in the prices of commodities, energy and logistics.
The business sector in Thailand is urging the government to reinstate the Test & Go quarantine exemption scheme to attract more tourists, as continued suspension of this program would spell significant economic loss.
The Thai Chamber of Commerce (TCC) has warned that Thailand risks long-term economic and social effects if the Government imposes another blockade due to the spread of the Omicron variant.
The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.
The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019.
Thailand’s private sector has lowered the country’s export forecast to a 1.8 percent contraction this year due to the slowing world economy, widespread domestic drought and the deadly virus outbreak.
Thailand's public and private sectors, in cooperation with the Department of International Trade Promotion, the Thai Chamber of Commerce and Koelnmesse Company Limited of Germany, are organizing the annual THAIFEX - World of Food Asia, which opened on May 28.
The University of the Thai Chamber of Commerce (UTCC) has projected that spending during the Valentine and Maka Bucha Day period will be no less than 6.3 billion THB.
