The Latest Breaking News from NESDC

The state planning unit looks set to upgrade its forecasts for tourism revenue and arrival numbers as it expects a surge of visitors from China after the country reopened its borders.

The Digital Economy and Society (DES) Ministry plans to seek approval from the cabinet next week for National Telecom's (NT) 5G business project worth 12 billion baht, capitalising on the 2.6-gigahertz spectrum range.

National Telecom (NT) has set a conservative target of reaching 3.5 million mobile subscribers over the next few years after it deploys mobile service on the 700-megahertz spectrum range.

Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved.

Despite myriad challenges in the year to come, the economy is expected to maintain its growth momentum in 2023 boosted by recovering tourism, expanding private and public investment, continual gains in domestic demand and high growth in the agricultural sector.

The National Economic and Social Development Council (NESDC) has rebuffed National Telecom's (NT) 5G business plan to capitalise on the 700-megahertz spectrum range, according to a source at the Digital Economy and Society (DES) Ministry.

The Tourism Authority of Thailand (TAT) is expected to look elsewhere for stimulus after the prime minister asked the cabinet last week to prepare new mechanisms to accelerate year-end spending.

State agencies, businesses and households are being urged to brace for a global economic slowdown which could easily deteriorate into a recession next year.

Thailand's development needs to accelerate to ensure the country keeps up with the pace of change, according to the head of the National Economic and Social Development Council (NESDC).

The widespread impact of cryptocurrency investment scams that have hit the headlines in recent weeks highlights the need for improved financial literacy among investors, especially the young, as well as tougher regulations to prevent these financial crimes.

Thailand's unemployment rate in the second quarter of the year was the lowest since the pandemic broke out in early 2020, a clear sign the economy is recovering from the pandemic's impact, says a senior official of the National Economic and Social Development Council (NESDC).