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The Latest Breaking News from Danucha Pichayanan

Tensions thwart growth in 2022

Geopolitical tensions have pressured Thailand's economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC).

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NESDC sees rising global risks in 2023

Structural changes in geopolitics are likely to create more risks for the Thai economy next year, warns the state planning unit's chief.

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Thai economy to grow 3% this year, 3.7% next year - state agency

Thailand's economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday.

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Inflation support schemes extended

The government has pledged to extend the existing 10 measures devised to alleviate the hardship of low-income earners from a surge in oil prices for three months until September.

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Doubts linger over job situation

The government's planning unit, the National Economic and Social Development Council (NESDC), reported on May 23 Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment in both the agricultural and non-agricultural sectors, as the economy gradually recovers.

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Don't turn off the tap just yet

Whether the government should bid farewell to economic stimulus measures became a source of debate after the topic was raised by an economist at Thailand Development Research Institute (TDRI).

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New corridors poised to draw B313bn by 2032

New regional economic corridors are estimated to draw a combined 313 billion baht worth of state and private investment between 2022 and 2032, according to a recent study.

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Cabinet okays extension of hotel subsidy scheme

The cabinet has acknowledged the extension of the fourth phase of the "We Travel Together" hotel subsidy scheme to assist the tourism sector.

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Unemployment rate falls to 2-year low

Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment both in the agricultural and non-agricultural sectors, as the economy gradually recovers.

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Chinese lockdowns hitting Thai producers

China's lockdowns in big cities are having an adverse effect on the Thai manufacturing sector and its supply chains, with the problems likely to continue, warns the National Economic and Social Development Council (NESDC).

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Shift in economic structure urged

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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Arkhom says growth outlook good despite agency's downgrade

The Finance Minister said on Tuesday that the outlook for the economy this year was still good, despite the state planning agency's downgrade in its growth forecast, and he wanted to see a policy rate that still supports the recovery.

Bangkok Post

New regional zones approved by panel

The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions.

Bangkok Post

State urged to accelerate fiscal 2022 spending

The government is advised to speed up state expenditure in fiscal 2022 to lift the economy, which is trapped by rising energy prices and the impact of persistent Covid-19 outbreaks.

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State advised to rejig manufacturing

The government is being urged to pay more serious attention to speeding up the production sector's restructuring to create new jobs and boost economic growth.

Bangkok Post

Looking 8 years into the future

The Covid-19 pandemic poses a key challenge for Thailand's economic development in addition to factors such as an ageing society, lower competitiveness and climate change.

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