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FORGOTTEN HISTORY: 5 | History Defined

Thailand's economic recovery is relatively slower than that of its Asean peers because the domestic economic structure in the country is reliant on conventional industries.

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TISI dips to 86.2 in April on oil price hike

The Thailand Industry Sentiment Index (TISI) in April fell to 86.2 points from 89.2 in March due mainly to the global oil price surge, driven by the prolonged Russia-Ukraine war, and higher inflation.

Bangkok Post

Industrial confidence at five-month low

Thailand's industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia's invasion of Ukraine pushed up the price of energy and raw materials, an industries group said on Wednesday.

Bangkok Post

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Desperate for change

Hopes are high for the Bangkok governor election on Sunday, as it will be the first time in nine years that residents have been able to cast a ballot to choose the capital's leadership.

Bangkok Post

Industry leaders warn of challenges ahead for Thai economy

Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges including the persistent pandemic and the impact of Russia's invasion of Ukraine, which has disrupted global commerce, pushed up oil prices and threatened food supplies.

Bangkok Post

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

Bangkok Post

Temper your expectations

On April 30, after the last inbound visitor went through the RT-PCR testing process at Phuket airport, it represented the culmination of a 10-month mission for the quarantine team at the terminal.

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Inflation heads industry agenda

Soaring inflation tops the agenda when the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) meets this Wednesday to discuss Thailand's economic outlook in the second half of the year.

Bangkok Post

Explainer: Inside the case for a minimum wage hike

Thai workers are feeling the pinch from months of higher living expenses, leading them to take to the streets on Labour Day to demand a 45% increase in the daily minimum wage.

Bangkok Post

FTI wary of wage increase

The Federation of Thai Industries is opposing a proposal to increase the daily minimum wage to 492 baht, fearing that small and medium-sized enterprises (SMEs) will be severely impacted.

Bangkok Post

Diesel users run into reality check

The government's decision to reduce financial pressure on its coffers by allowing the price of diesel to gradually increase starting from this month -- having been capped since October 2021 -- will result in households and businesses experiencing a harsh economic reality.

Bangkok Post

A sector with an agenda

The 2022 meetings of the Apec Business Advisory Council (Abac), which highlights the bio-, circular and green (BCG) economic model, are prompting Thailand to gear up for advanced technologies and environmentally friendly businesses.

Bangkok Post

The sweet smell of success

Though Thailand faces gloomy economic prospects with a surge in inflation, higher energy prices and persistent Covid outbreaks, a performance by Thai rapper Danupha "Milli" Khanatheerakul at the Coachella Festival in California that was capped by her eating khao nieo mamuang (mango sticky rice) on stage went viral on social…

Bangkok Post

FTI wants diesel tax cut extended

The Federation of Thai Industries (FTI) is calling on the government to extend the diesel excise tax reduction for another three months to slow soaring energy prices and give businesses and households more time to adjust to higher manufacturing and living costs.

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Have we missed the crypto boat?

Although Thailand has banned the use of digital assets to pay for goods and services, some organisations think they may still be used as a future alternative currency.

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An economic splash of cold water

The Songkran celebrations not only mark the Thai New Year, but also may help determine the economic health of the country this year amid a prolonged global oil price hike and new fears about an Omicron infection surge.

Bangkok Post

All eyes on China

China's zero-Covid policy has lasted for nearly two years and faced a tough challenge last week as a flare-up triggered fresh lockdowns in several industrial cities in hard-hit northeastern Jilin province and southern technology hub Shenzhen.

Bangkok Post

FTI jittery on car export goal

The Federation of Thai Industries (FTI) expects Thailand's car exports to miss the target of 1 million units this year amid growing concerns over a raw material shortage and surging prices, driven by the Russia-Ukraine war.

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Bangkok Post

Is stagflation looming?

With Thailand's inflation galloping, unemployment relatively high and the outlook for economic growth dimmed by another outbreak of Covid-19, economists and analysts are increasingly warning of a possible bout of stagflation.

Bangkok Post

FTI calls for rejig of oil price structure as fuel costs soar

The Federation of Thai Industries (FTI) has called on the government to redesign the domestic oil price structure to better deal with the impact of soaring global oil prices.

Bangkok Post

Thai growth reviewed amid Ukraine war

Growing concerns over the escalating war between Russia and Ukraine is causing the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to reassess Thailand's economic prospects in 2022.

Bangkok Post

Prices surge into danger zone

Growing concern over food and energy prices has both the state and private sectors uneasy about an economic nightmare rapidly approaching.

Bangkok Post

FTI suggests oil price surge will hit recovery

The Federation of Thai Industries (FTI) is worried global oil prices may soar to US$100 a barrel, threatening to worsen the inflation rate and economic recovery, now struggling against the impact of Covid-19 in Thailand.

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