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The Latest Breaking News from Kriengkrai Thiennukul

Electric vehicle (EV) manufacturers may encounter another chip shortage following China's recent decision to restrict the export of two metals as a result of the US-China trade dispute, says the Federation of Thai Industries (FTI).

Bangkok Post

Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline…

Bangkok Post

Companies on edge regarding delay

The private sector has grown increasingly concerned about the delay in the new government’s formation, which could affect new investments and the tourism sector.

Bangkok Post

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Trade takes another hit

The value of Thai exports dipped for an eighth consecutive month in May, falling by 4.6% to US$24.3 billion, contributing to an overall decline of 5.1% to $116 billion in the first five months of this year.

Bangkok Post

Panel trims export growth forecast

Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.

Bangkok Post

Production hit by export slowdown

Manufacturers in 25 industries are adjusting their production plans following an export downturn that caused a drop in value for eight consecutive months, says the Federation of Thai Industries (FTI).

Bangkok Post

Horns of a dilemma

With the Move Forward Party (MFP) still on track to establish a new government, fresh concerns over the next chapter in Thai-Chinese economic relations have surfaced.

Bangkok Post

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Drowning in debt

Household debt has long been a concern for Thailand, impeding consumer spending and hindering economic growth.

Bangkok Post

Sentiment declines again last month

Delays in establishing a new coalition government were partly blamed for a drop in the Thailand Industry Sentiment Index (TISI) for a second consecutive month, with the May reading at 92.5 points, down from 95 in April.

Bangkok Post

The eternal joust over rate hikes

Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers.

Bangkok Post

Industry federation calls for greater business cooperation with Beijing

The Federation of Thai Industries (FTI) wants to increase Chinese investment in Thailand, especially in the electric vehicle (EV), food and healthcare segments, by advocating more business cooperation with Beijing.

Bangkok Post

Coalition delays seen as threat to growth

The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.

Bangkok Post

Alarm over weather-related threats

Drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion baht to the Thai economy this year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

Bangkok Post

Business groups back 'fair growth' principle

Key business groups welcome the Move Forward Party's campaign promises to tackle economic inequality, but wonder if it can solve a problem that has long plagued the country.

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Bangkok Post

MFP to go easy on wage hike

Move Forward Party (MFP) leader Pita Limjaroenrat said a coalition government under his leadership would not raise the minimum daily wage to 450 baht immediately but would ensure a reasonable increase without causing damage to industry or the economy.

Bangkok Post

Leading the economy

The business sector is calling for the new government to appoint appropriate leaders to take the helm at economic ministries, in particular the Finance Ministry, as they want to see the country progress without interruption amid several internal and external challenges.

Bangkok Post

New generation tires of old guard

Academics believe the Move Forward Party (MFP) will join hands with the Pheu Thai Party and small parties to form a government coalition.

Bangkok Post

Practice what you preach

Political parties promised several populist pledges for the general election to entice voters, including a controversial 10,000-baht handout via digital wallets to those aged 16 and over; a hike in minimum daily wages to 600 baht; an increase of minimum monthly salaries for university graduates to 25,000 baht; debt suspension…

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Bangkok Post

Private sector highlights six-pronged strategy

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) wants political parties competing in the general election to pay heed to its six-pronged strategy it believes should play a vital role in driving the economy over the next four years.

Bangkok Post

Working our way back to health

Policies to improve the daily minimum wage for rural workers are hotly debated in the run-up to every election, with this year no exception ahead of the country's first general election in four years on May 14.

Bangkok Post

Trade takes a tumble

Prospects for Thai exports look weak this year as a storm of economic uncertainties are expected to slow down shipping.

Bangkok Post

Festival set to sizzle this year

Amid expectations of a livelier retail atmosphere this year than last, retail and wholesale operators in major regions of the country are working hard to plan various activities to stimulate spending during this year's Songkran festival.

Bangkok Post

Panel urges rethink of power tariff

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask Prime Minister Prayut Chan-o-cha to reconsider the electricity bill calculation, believing the power tariff of 4.77 baht per kilowatt-hour (unit) could be further reduced.

Bangkok Post

FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Bangkok Post

Coming up for air

Worries about Covid-19 may be gone, but PM2.5 is back, plunging Thailand into yet another crisis.

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People

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