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The Latest Breaking News from Kriengkrai Thiennukul

BCG development seen as route to avoid non-tariff barriers

Bio-, circular and green (BCG) economic development can help the country avoid non-tariff barriers as well as become a key tool in cutting carbon emissions, following the government's pledge to promote BCG projects during the Apec summit, says the Federation of Thai Industries (FTI).

Bangkok Post

A showcase for the BCG model

The Asia-Pacific Economic Cooperation (Apec) summit offered a glimpse into how countries plan to deal with uncertainties post-pandemic as well as the Thai government's push towards a new economic model.

Bangkok Post

Thailand's chance to shine

Thailand is scheduled to host the Asia-Paciﬁc Economic Cooperation (Apec) 2022 summit later this week.

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Thailand urged to sign mini-FTAs at Apec events

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).

Bangkok Post

Questions abound for China

China has been locked into a zero-Covid policy since early 2020, enforcing aggressive pandemic border controls and implementing public health measures such as mass testing and city lockdowns that have severely affected global supply chains.

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Manufacturing to thrive despite threats

Thailand's manufacturing sector is expected to keep growing next year following the easing of Covid-19 infections, but economic challenges caused by high inflation and the impact of the Russia-Ukraine war could cause a bumpy ride, according to analysts.

Bangkok Post

Abac readies economic policies for summit

The Apec Business Advisory Council (Abac) Thailand looks set to deliver a number of proposals to Asia-Pacific Economic Cooperation (Apec) ministers at a Bangkok summit next month, which will be developed into a policy with five strategies.

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Industrial sentiment at near 3-year high in Sept on tourism rebound

Thailand's industrial sentiment rose for a fourth straight month in September, reaching the highest level in 32 months, bolstered by improved domestic demand and a recovery in the crucial tourism sector, an industries group said on Wednesday.

Bangkok Post

Bumpy road to recovery

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.

Bangkok Post

Committee forecasts at least 3% GDP uptick

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.

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Cabinet reiterates BoT has free rein for its duties

The government has pledged it will not intervene in the central bank's handling of inflation, interest rates and the baht's movement, instead asking the Finance Ministry to provide additional information to the bank.

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FTI suggests retention of current policies

The Federation of Thai Industries (FTI) expects a new government formed after a general election next year to maintain policies that benefit businesses to help them survive in 2023.

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Caught in a vicious currency cycle

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Bangkok Post

FTI counsels MPC on rate

The Bank of Thailand needs to determine an appropriate policy rate today amid growing concerns the baht value may fall to 39 to the US dollar, says the Federation of Thai Industries (FTI).

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Fallout from an 'economic war'

Thailand's customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% year-on-year after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in March, which was the highest level since records began in 1991.

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FTI foresees opportunities in Saudi Arabian mega-city

The Federation of Thai Industries (FTI) sees a new business opportunity for Thai companies under the newly-forged Thai-Saudi trade cooperation that could lead them to earn revenue in Riyadh's ambitious plan to build the US$500-billion mega-city of Neom.

Bangkok Post

Troubled waters

Industry leaders are alert to heavier rainfall as flooding can deal a further blow to the economy, though many of them do not believe certain business activities will be drowned as happened in 2011.

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Thai industry left at the altar

Heightened geopolitical tensions are tipped by some analysts and economists to trigger a spillover effect, with one possibility the relocation of industries to this region, including Thailand.

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FTI calls for industrial power subsidies

The Federation of Thai Industries (FTI) is calling on the government to extend its electricity subsidy measures for the public to also cover manufacturers, which are struggling to deal with an increasing financial burden amid high energy prices.

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Business wary of political climate

While the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council's decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the…

Bangkok Post

Making more than ends meet

A move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be.

Bangkok Post

Gambling with Thailand's future

Whether you support it or not, betting and gambling dens have been commonplace in much of Thailand for a long time, despite authorities' attempts to stamp it out.

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FTI sees opportunity in strait spat

Thailand should take advantage of the China-Taiwan tensions by inviting companies like Taiwan Semiconductor Manufacturing Company (TSMC) to invest here as Taiwanese semiconductor and electronics companies are expected to relocate their production facilities overseas, says the Federation of Thai Industry (FTI).

Bangkok Post

FTI frets over looming minimum wage hike

The Federation of Thai Industries (FTI) does not agree with the Labour Ministry's plan to enforce a new minimum wage hike on Oct 1, which is earlier than originally anticipated, as businesses will be flooded with too many financial burdens, notably a rise in the Bank of Thailand's policy rate…

Bangkok Post

Paragon of productivity

A determination to work for fellow business people plays an important role in driving Kriengkrai Thiennukul's passion to work for the Federation of Thai Industries (FTI).

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