The Latest Breaking News from JSCCIB

The Asia-Pacific Economic Cooperation (Apec) 2022 summit held last month was the first global event Thailand had held since the outbreak of the pandemic.

An industry council estimates the Apec Summit 2022 held in Bangkok last month will generate 500-600 billion baht in benefits for Thailand's economy over the next 3-5 years.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is asking Prime Minister Prayut Chan-o-cha to issue measures to ease entrepreneurs' financial burden after power bills were hiked next year.

With Thailand expected to hold a general election next year, political parties have kicked off their campaigns offering promises to appeal to voters.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

The Finance Ministry is considering a proposal to reintroduce a reduced land and building tax over the next two years, says Finance Minister Arkhom Termpittayapaisith.

Thailand can use the Asia-Pacific Economic Cooperation (Apec) Summit and its side meeting, the Apec CEO Summit, to forge more cooperation under "mini-free trade agreements" (mini-FTAs) as part of efforts to brace for a global economic slowdown next year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

Even as Thailand continues on its path to economic recovery in the fourth quarter, buoyed by tourism and domestic consumption, businesses are still unnerved by pressing challenges, including high inflation, a weaker baht, surging energy prices and flooding, which could hamper the rebound.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has inched up its 2022 GDP forecast, expecting the economy to grow by at least 3%, driven by the gradual recovery of the tourism industry.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand's anticipated gradual policy rate hike.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.