The Latest Breaking News from Kriengkrai Thiennukul

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask the government to jointly set up a panel to deal with high power bills, which are discouraging foreign businesses from investing in Thailand.

Gains in the baht, Asia’s best performer in the past six months, are frustrating exporters and many businesses that say the strong currency is hurting them.

The Federation of Thai Industries (FTI) expects Thailand's economic recovery to hit the fast track next year, driven by higher tourism revenue and exports following China's decision to reopen its borders from Jan 8.

The spotlight in the business sector this year has been on policy rate hikes, the revival of tourism and the telecom mega-merger.

Festive sentiment during the last week before New Year celebrations is considered the best opportunity for the business sector to increase sales as economic uncertainties may cast a shadow on consumer confidence in 2023.

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 world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association.

Entrepreneurs under the Federation of Thai Industries (FTI) plan to increase product prices by 5-12% if the government implements its plan to increase the power tariff between January and April next year.

Thailand's industrial sentiment rose for a sixth straight month in November, reaching a 41-month high, bolstered by a recovery in domestic demand and tourism as foreign visitors returned, an industries group said on Tuesday.

As businesses pin their hopes on a strong recovery in the final month of the year based on lively shopping activity, entertainment events and vibrant tourism, a fresh Omicron outbreak has emerged including a rising death toll, rekindling concerns about the impact on economic sentiment.

The courage to venture to overseas frontiers and easier access to loans are the key factors to facilitate small and medium-sized enterprises (SMEs) becoming exporters, according to lenders and industry leaders.